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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 taxpayer. Understanding the penalties associated with GSTR-9C is crucial for businesses to ensure compliance and […]

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 comprehensively. Here, we’ll explore what NIC codes are, and how they are structured, and provide […]

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 the deduction of tax at source (TDS) on cash withdrawals, has undergone several changes since […]

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 for avoiding penalties and ensuring smooth compliance. This comprehensive guide outlines the key deadlines for […]

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 not filed their income tax returns for the previous two financial years. This article aims […]

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 e-commerce transactions. This article delves into the specifics of TDS on e-commerce transactions, explaining what […]

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 from crypto transactions and bring more transparency to the burgeoning digital asset market. This article […]

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 aims to break down the new TDS rates, the context behind the changes, and the […]

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 the required challan, it’s crucial to file GSTR-3B correctly to avoid penalties and ensure smooth […]

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 the Assessment Year (AY) 2023-24, explaining the relevant provisions, rates, […]