# din
16 posts in `din` tag
ITAT Rules Orders Without DIN Invalid Non Existent
Based on this argument and in line with previous Delhi High Court decisions and CBDT Circular No. 19/2019, the ITAT concluded that the assessment order was invalid and should be considered as if it was never issued. Therefore, the ITAT quashed the assessment order.
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By Krishna
Time Of Supply GST Act 2017 Detailed Guide
These time of supply rules are crucial for businesses and tax authorities to ensure that GST is paid promptly & accurately. This article provides a detailed exploration of the concept of time of supply under the GST Act of 2017.
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By Krishna
Smart Spending Tips Festive Season Avoid Regrets
The festive season is a time of joy, celebration, and giving. However, it's also a time when your spending can get out of control, leading to financial regrets in the future.
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By Krishna
IT Dept Collects 700 Crore Rupees TDS Online Gaming Crypto Trading
When you withdraw money from your account or at the end of the financial year, taxes need to be taken out. Starting from April 1, 2022, there is a 30% tax on income from the sale of cryptocurrencies or virtual digital assets.
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By Krishna
Restricted Transactions GST Act 2017 List
This comprehensive law prohibits specific types of transactions, and it is vital for both businesses and individuals to grasp these restrictions to ensure they comply with the law.
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By Krishna
What Is Tax Audit Understanding Applicability
A tax audit under the Income Tax Act becomes compulsory when the annual gross turnover or receipts exceed a specified limit. Chartered accountants, as defined in Section 44AB of the Income Tax Act, 1961, conduct tax audits.
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By Krishna
TIN TAN VAT PAN DSC DIN Detailed Comparison
Among these, TIN, TAN, VAT, PAN, DSC, and DIN are frequently encountered. All of these have different purposes and are essential for individuals and businesses alike. Let's delve into the differences and importance of each of these alphanumeric codes.
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By Krishna
Avoid Tax Notice: How to Manage Changes and Amend Returns After Submitting Tax Return
The Annual Information Statement (AIS) was introduced in March 2023 alongside the e-verification scheme, and it has become a key component of the ITR filing process.
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By Krishna
Demystifying Section 54F of Income Tax Act: Capital Gains Tax, Indexation, and Benefits Explained
Indexation is a method that accounts for inflation from the time of asset purchase to its sale. It adjusts the purchase price of the investment, thereby reducing the overall taxable capital gain amount.
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By Krishna
Income Tax Department Cracks Down on Tax-Evading Social Media Influencers: Learn More about the Action Taken
In a recent development, the Income Tax Department has taken a step further by utilizing data analytics to examine the social media accounts of influencers. They aim to identify any disparities between their social status and the income declared in their Income Tax Returns (ITRs).
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By Krishna
Special Bank FDs With Higher Interest Rates Ending Soon
If any of the fixed deposit plans listed below catch your eye, it's best to act fast to obtain them because banks have just announced special fixed deposits for a short time that provide higher interest rates than typical FDs.
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By Krishna
TDS Rate Chart for Financial Year (FY) 2023-2024 /Assessment Year (AY) 2024-2025
Tax dedication at the source (TDS) is one of the essential compliance for the income taxpayer. There are different types of sections in income tax laws, which specify different TDS rates, threshold limits for TDS, and the nature of the payment.
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By Krishna
Section 194 N Amendment In Finance Bill 2020
Section 194 N of the Finance Bill 2020 has been amended to govern defaulters who have not filed the Income Tax Return for the three preceding years.
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By Krishna
Timeline For Holding Annual General Meeting is Extended
A Big Relief Given By Ministry Of Corporate Affairs Extending The Timeline For Holding Annual General Meeting Till December 31st From September 30th.
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By Krishna
New guidelines regarding TDS and TCS
The Income Tax Department has issued new guidelines regarding tax collection at source TCS.
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By Krishna
Crypto Taxation Guide Budget 2022
In the planned tax system, the government has suggested a flat 30% income tax rate on the transfer of "crypto-assets."
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By Krishna