The GSTR-9C is an audit form required by the Goods and Services Tax (GST) laws in India. It serves as a reconciliation statement between the annual returns filed in GSTR-9 and the figures as per the audited accounts of a …
What Is GSTR-9C Penalties | A Comprehensive Overview | 2024 Read more »
National Industrial Classification (NIC) codes are statistical standards for developing and maintaining a comparable database for various economic activities. Here at File With CA, we provide this guide with aims to explain the purpose, structure, and application of NIC codes …
Complete List of NIC Codes | Services | MSME | Updated List 2024 Read more »
In recent years, the Indian government has made significant strides in promoting a digital economy and reducing cash transactions. One such measure is the introduction of Section 194N under the Income Tax Act, of 1961. This section, which deals with …
TDS on Cash Withdrawals: Navigating the Changes in Section 194N Read more »
Tax Deducted at Source (TDS) is an essential mechanism for the collection of tax in India. It requires the deductor to deduct tax at the source of income and remit it to the government. Adhering to TDS deadlines is crucial …
Key Deadlines for TDS Filing in July 2024 | A Comprehensive Guide Read more »
The introduction of Section 206AB in the Income Tax Act, of 1961, has added a new layer of complexity to tax compliance in India. This section mandates higher Tax Deducted at Source (TDS) rates for individuals and entities who have …
Higher TDS Rates for Non-Filers: Understanding Section 206AB Read more »
The growth of e-commerce has revolutionized the way businesses operate and consumers shop. However, with this growth comes the need for stringent tax regulations to ensure proper revenue collection. One such regulation is the Tax Deducted at Source (TDS) on …
TDS on E-commerce Platforms Transactions | What Sellers and Platforms Should Know | 2024 Read more »
The rapid rise of cryptocurrency has prompted regulatory bodies worldwide to establish clearer tax regulations. In India, the fiscal year 2024-25 brings new Tax Deducted at Source (TDS) provisions specifically targeting cryptocurrency transactions. These provisions aim to streamline tax collection …
How the New TDS Provisions on Cryptocurrency Transactions Impact Investors Read more »
The fiscal year 2024-25 has brought about significant changes in India’s Tax Deducted at Source (TDS) rates. As businesses strive to comply with these updates, it is crucial to understand the new rates and their implications thoroughly. This comprehensive guide …
Understanding the New TDS Rates for FY 2024-25 | What Businesses Need to Know Read more »
Filing GSTR-3B, a monthly return under the Goods and Services Tax (GST) regime in India, is an essential compliance requirement for businesses. This self-declaration form summarizes the details of sales and input tax credit claimed. After making the payment of …
How to File GSTR-3B After Payment of Challan | Follow These Steps Read more »
Dividends are a common form of income for investors, typically received from their investments in shares of companies. Understanding the tax implications of dividend income is crucial for efficient financial planning. This article provides a detailed, step-by-step guide on the …
Taxability of Dividend Income for AY 2023-24 | A Comprehensive Guide Read more »
