Have you done tax planning for FY 2023-24 before the deadline 31st March 2024?- Checkout what you missed.

Financial year 2023-24 is reaching its end in a few days. 31st March is an important deadline with reference to Financial Planning and Tax Planning, missing it may result in higher tax liability. We are required to complete our tax planning before 31st march 2024, as we are required to file Income tax return for […]

Continue Reading

Rates of TCS (Tax collected at Source) for FY 2023-24 (1st April 2023 to 31st march 2024) (by Finance Act 2023)

The following changes in TCS-related provisions were amended by Finance ACT 2023:- 1. Section 206C(1G) – Change in TCS rate w.e.f 1st July 2023. 2. Section 206AB & 206CCA – Exclusion of specified category from non-filers of tax return w.e.f 1st April 2023 These sections provide for Higher TCS/TDS rate for non-filer of ITR but […]

Continue Reading