Examining the Anti-Profiteering Clause in GST
Goods and Services Tax (GST) was introduced in India as a comprehensive indirect tax on the manufacture, sale, and consumption of goods and services throughout the nation. Its aim is…
Tax Loss Harvesting: How It Works in India
Tax loss harvesting is a strategic financial practice utilized by savvy investors to reduce their tax liability arising from capital gains. By selling certain investments at a loss, investors can…
Section 80-IAC of Income Tax: Exemption to Startups from Income Tax – A Detailed Analysis
India, a burgeoning hub of innovation and entrepreneurship, has witnessed a remarkable surge in startups over the past few years. Recognizing the potential of these startups in driving economic growth…
Section 194R TDS on Benefits or Perquisites in respect of Business or Profession
In the ever-evolving landscape of taxation in India, Section 194R of the Income Tax Act stands out as a significant addition introduced in the Union Budget of 2022. This section…
Know All About Tax on Dividend Income
Dividend income is a significant form of revenue for investors, stemming from investments in shares or mutual funds. These payments are essentially a portion of a company’s profits, distributed to…
Suo Moto Cancellation of GST Registration: A Comprehensive Guide
The Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax system in India. It replaced several cascading taxes levied by the central and state governments. For businesses exceeding…
Income Tax on Withdrawals from EPF
The Employees’ Provident Fund (EPF) stands as a pivotal component of retirement planning for salaried employees in India. Governed by the Employees’ Provident Fund Organisation (EPFO), this scheme not only…