How Does Section 144B of Income Tax Act Change Income Tax Proceedings?
In recent years, India’s tax system has gone through a major digital shift. One of the most significant changes is the introduction of Section 144B of Income Tax Act. This…
How to File TDS Under Section 192b TDS Correctly?
Filing TDS (Tax Deducted at Source) under Section 192B TDS is a critical responsibility for employers in India. This section governs the deduction of tax from the salary paid to…
How Is the 194JA TDS Rate Calculated for Professional or Technical Services?
When it comes to managing finances in a business, especially for professionals and technical service providers, understanding tax implications is crucial. One such important aspect is the 194JA TDS rate,…
How Does Section 220(2) of Income Tax Act Affect Outstanding Tax Demands?
In India, the Income Tax Department has set clear rules when it comes to the payment of taxes. One such rule that many taxpayers often overlook until it’s too late…
How Can Business to Business Software Improve Your GST Billing Software Workflow?
In today’s fast-paced business world, companies need streamlined operations to stay competitive and ensure compliance with constantly changing regulations. One of the most critical areas for businesses, especially those operating…
When Can the Income Tax Department Invoke Section 271(1)(c) of the Income Tax Act?
Income tax compliance is a critical responsibility for businesses and individuals in India. With a complex tax structure, it’s not uncommon for taxpayers to face scrutiny from the Income Tax…
Where Can I Find Offline Accounting Software Free Download Options?
In today’s fast-paced business environment, maintaining accurate financial records is essential for any company. With the rise of digital tools, managing accounts has become much easier. However, not every business…
What Are the Benefits of Using a Software Bill of Materials in Medical Billing Software?
In today’s digital-first healthcare ecosystem, where accuracy, compliance, and efficiency are paramount, software plays a critical role. Whether it’s streamlining patient data, generating invoices, or managing pharmacy inventory, healthcare software…
What Happens After Completing the Procedure for Registration Under GST?
The Goods and Services Tax (GST) has transformed the way businesses operate in India. For any business crossing the turnover threshold or engaging in interstate trade, completing the procedure for…
What Are the Pros and Cons of Choosing 115BAA of Income Tax Act?
When it comes to managing taxes for your business, especially as a domestic company, there’s no one-size-fits-all approach. With evolving tax regulations, one of the most talked-about sections in recent…