Goods and Services Tax

Technical Glitches in Income Tax Return Filing Portal: Comprehensive Details

Technical Glitches in Income Tax Return Filing Portal: Comprehensive Details Technical Glitches in Income Tax Return Filing Portal: Comprehensive Details Taxpayers filing their Income Tax Returns (ITR) have reported specific technical glitches affecting accuracy and ease of compliance. The following detailed issues have been identified: 1. Advance Tax Calculation Errors for Presumptive Income (Sections 44AD, […]

Technical Glitches in Income Tax Return Filing Portal: Comprehensive Details Read More »

Understanding the Implications of Section 194T: A New Era in

TDS Compliance Introduction The introduction of new TDS sections often signals a shift towards more intricate tax compliance requirements. The recent addition of Section 1U4T, set to become effective from April 1, 2025, is a case in point. Traditionally, TDS provisions were primarily concerned with payments to employees within firms, leaving payments to partners— such

Understanding the Implications of Section 194T: A New Era in Read More »

Welcome to the Invoice Management System (IMS) under GST

Welcome to the Invoice Management System (IMS) under GST Streamline Your Invoice Processing and ITC Management with GST New Added Feature What is the Invoice Management System (IMS)? Introduction to IMS The Invoice Management System (IMS) is a new feature designed to help taxpayers efficiently handle invoice corrections and amendments through the GST portal. It

Welcome to the Invoice Management System (IMS) under GST Read More »

Common Reasons for Income Tax Return (ITR) Form Defective

Common Reasons for Defective Income Tax Return (ITR) Form Avoid ITR Rejection: Ensure a seamless filing experience by understanding the common reasons for ITR form rejection. Why Understanding ITR Rejection is Important Filing your Income Tax Return (ITR) correctly is crucial to avoid delays, penalties, and the hassle of re-submission. Understanding the common reasons for

Common Reasons for Income Tax Return (ITR) Form Defective Read More »

Electoral bonds supreme court/ruling

Understanding India’s Electoral Bonds and the Supreme Court’s Ruling In a significant development in India’s political and legal landscape, the Supreme Court recently weighed in on the controversial issue of electoral bonds, shedding light on the transparency and accountability of political funding in the country. Let’s delve into what electoral bonds are, the Supreme Court’s

Electoral bonds supreme court/ruling Read More »

Financial Year-End Checklist to Close Books Right in 2024

Streamline Your Financial Year-End: Essential Checklist to Close Books Correctly in 2024 As we approach the end of the Financial Year 2023-24, it’s imperative for businesses to ensure that their books are in order and all necessary steps are taken before closing. Dexter Consultancy, your trusted tax consulting partner, presents the essential checkpoints to guarantee

Financial Year-End Checklist to Close Books Right in 2024 Read More »

Comprehensive Guide to Advance Tax: Due Dates, Calculator, Applicability, Procedure, and Installment Details

ADVANCE TAX CALCULATION Explore all about Advance Tax: Discover Due Dates, Calculators, Applicability, Procedure, and Installment Details in this comprehensive guide. CONTACT US What is Advance Tax? Advance tax is the income tax that is paid in advance instead of lump sum payment at year end. It is the tax that you pay as you

Comprehensive Guide to Advance Tax: Due Dates, Calculator, Applicability, Procedure, and Installment Details Read More »