Income Tax Deduction Allowed Only On 'Actual Payment' Of Sum Payable by Assesses to MSMEs – Budget 2023 proposal

By: Mr. Prasanna Ravikant Bhat - 7th February, 2023


With the objective of promoting timely payments to Micro and Small Enterprises, Hon

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Union Budget 2023

By: Mr. Prasanna Ravikant Bhat - 2nd February, 2023


Income rebate u/s 87A limit in new tax regime has been increased to Rs 7 Lakh from Rs.5 Lakh presently i.e.,if a taxpayer has income upto Rs.7 Lakh, there is no income tax.

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194R TDS on benefit or perquisite in respect of business or profession

By: Mr. Shashank Mundle - 20th June, 2022


The Central Board of Direct Taxes under the Income Tax department has notified fresh guidelines in connection with the applicability of a new TDS provision related to receiving benefits in a business or profession.

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PAN-AADHAAR Linking

By: Mr. Mohit Shetty - 2nd June, 2022


Section 139AA of the Income Tax Act states that every person who has been allotted and who is eligible to obtain Aadhaar number shall link his PAN with Aadhaar.

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Certificate in Form 10BE for Claiming Deduction u/s 80G

By: Mr. Prasanna Ravikant Bhat - 27th May, 2022


All trusts/institutions registered u/s 80G and research institutes registered u/s 35 of The Income Tax Act are now mandated to file Form 10BD (providing therein complete details of donations received by them during the financial year in the prescribed format) from FY2021-22 onwards.

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Recent Blogs

Tax Collection at Source on Outbound Foreign Remittances

By: Priyanka Jain

9th January, 2025

Blog on Section 194R along with FAQs

By: Vidhi Vora

27th October, 2023

A note on Bonus Shares

By: Sakina Bohra

2nd June, 2023

PAN-AADHAAR Linking

By: Mr. Mohit Shetty

2nd June, 2022

UNION BUDGET 2022 – A SYNOPSIS

By: Mr. Vipul J Oza

16th February, 2022

Taxation of Rewards earned by Olympic players

By: Mr. Mohit Shetty

9th September, 2021

44AD & 44ADA

By: Sakina Bohra

26th August, 2021

How different is the Indian GST from UAE VAT system?

By: Mr. Harshit Mogra

5th May, 2021

Stamp Duty and Registration of Documents

By: Diptika Jadhav

9th April, 2021

Composition scheme in GST

By: Yashvi Parikh

19th March, 2021

Section 194Q- TDS on Purchase of Goods

By: Priyanka Jain

15th March, 2021

80E : Deduction on Payment of Interest on Education loan

By: Mr. Vipul J Oza

8th March, 2021

Audit of Society

By: Priyanka Jain

24th February, 2021

Electronic Invoicing under GST: E-invoicing

By: Diptika Jadhav

5th February, 2021

ITC Credit eligibility & Rules on ITC credit utilization

By: Diptika Jadhav

1st February, 2021

E-WAY Bill

By: Diptika Jadhav

1st February, 2021

MSME Registration

By: Diptika Jadhav

11th January, 2021

GAFA Tax – Trapping the Tech Giants

By: Mr. Harshit Mogra

28th December, 2020

Foreign Contribution (Regulation) Amendment Act, 2020 ("FCRA 2020")

By: Nikita Theresa Noronha

16th December, 2020

Equalisation levy – Taxation going Digital

By: Nikita Theresa Noronha

10th December, 2020

GST - A Destination Based Tax - Place of Supply Rules

By: Mr. Harshit Mogra

7th December, 2020

Refund Claims under GST for Tax and Input Tax Credit (ITC)

By: Mr. Harshit Mogra

9th November, 2020

Point of Supply

By: Mr. Harshit Mogra

5th November, 2020


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