Exemption under capital Gain: Section 54, 54B, 54D, 54EC ... - Tax …
Apr 3, 2024 · Conclusion: Exemptions under capital gains, as outlined in sections 54, 54B, 54D, 54EC, 54F, 54G, and 54GA, offer valuable tax-saving opportunities to individuals and entities.By understanding the nuances of each section, taxpayers can strategically plan asset transactions to minimize tax liabilities. Adherence to eligibility criteria, time limits, and deposit scheme requirements is essential ...
Late Fees for delayed/Non Filling of GSTR3B & GSTR1 & Interest
Mar 31, 2018 · Taxpayers who are not filling GST monthly returns will have to pay hefty late fees and Interest liabilities. LEVY OF LATE FEES (Section 47 of CGST Act after considering the Waiver of Late Fees via Notification No.- 64/2017 Central Tax; Dated: 15 Nov 2017 for GSTR3B and Notification No.- 4/2018 Central Tax Dated: 23 Jan 2018 For GSTR1.
Deductions Allowed under Old and New Tax Regime with Latest …
Mar 31, 2024 · In the Indian tax system, deductions play a crucial role in reducing the taxable income of individuals. With the introduction of the new tax regime from April 1, 2023, there have been changes in the deductions allowed compared to the old tax regime.
Tax Benefits of Home Loan – Section 24, Section 80C, Section 80EEA
Jan 11, 2022 · My Published Posts RBI allows International Trade Settlement in Indian Rupees (INR) Peer Review Mandate-Roll Out by Institute of Chartered Accountants of India An Innovative Digital Solution “e-RUPI” launched on 2nd August 2021 CFSS-2020 extended till 31st March 2021 – Applicable to whom? Section 194O TDS on Payment by e-commerce operator to e-commerce participant View More Published Posts
TDS Rate Chart (FY 2024-25; AY 2025-26) - Tax Guru
Mar 29, 2024 · Stay compliant with TDS regulations as in case of non-deduction or wrong deduction and even deduction under wrong TDS section could attract huge penalties. It’s important that businesses know the applicable rate, TDS section and exempt limit for each nature of payment. This comprehensive TDS rate chart for FY 2024-25 provides detailed information on thresholds, rates, and applicable sections ...
How to Calculate Customs Duty on Imported Goods in India
Mar 22, 2023 · Calculating customs duty correctly is crucial for businesses and individuals involved in importing goods into India. It involves understanding the different types of customs duty, the factors that affect the calculation, and the steps to follow when calculating customs duty.
Section wise Income Tax Deductions for AY 2025-26/ FY 2024-25
Sep 6, 2024 · In this article we have discussed Income Tax deduction available to Taxpayers from various sources of Income for A.Y. 2025-26 / F.Y. 2024-25 and subsequent Years. Deductions include deduction Against Salaries, Against ‘income from house properties‘, Against ‘profits and gains of business or profession‘ Against ‘capital gains‘ and Against ‘income from other sources’.
Understand Your PAN Card - Tax Guru
Aug 31, 2018 · Please enlighten us PAN was allotted specifing AOP as F in PAN by I T Dept applied for 12A abd 80G both are granted on said PAN but mistake noticed and taken another PAN given for Trust with T word now how to change PAN for 12A and 80G ,we have to apply fresh or can we write to dept for change in PAN please guide and give procedure if any
Section 80CCD Deduction in current and New Tax Regime - Tax Guru
Apr 16, 2020 · Deduction u/s 80CCD in Current and New Tax Regime and Maximum Exemption Limit for Employer’s Contribution. A new regime of Income Tax for individuals and HUFs was announced in Budget 2020 which is applicable from A.Y. 2021-22 (relevant to F.Y. 2020-21).
Section 194J TDS on Fees for Professional or Technical Services
Apr 4, 2020 · Particulars: Rate of TDS: Cases, wherein, the payee is engaged in the business of the operation of Call Centre only (effective from 1 st June 2017): 2%: In case of fees for technical services (not being a professional royalty where such royalty is in the nature of consideration for sale, distribution or exhibition of cinematographic film) (effective from 1 st April 2020)