Riya Thawani

https://babatax.com/10-gst-itc-new-gst-rule-of-input-tax-credit-under-gst/GST is not easy. Since the implementation of GST, CBIC has made many amendments. It even gave a lot of clarifications to...

Generally, the businesses registered under Goods and Service Tax (GST) are required to issue Tax invoices and mention the GST rate charged on it. But when businesses are not liable to charge GST they...

DRC-03 GST Form : Steps, Common Mistakes and Important points to RememberDuring the process of filing GST returns, there may be chances that a taxman find additional liability left to pay. GST has...

Linking PAN with Aadhar has been made mandatory by Government of India and the last date is extended to 30th June 2020. After that the unlinked PAN Card will become useless.What is PAN?Permanent...

Permanent Account Number (PAN) card, is a unique 10-digit alphanumeric identity allotted to each taxpayer by the Income Tax Department under the supervision of the Central Board of Direct Taxes...

https://babatax.com/tax-on-gift-in-india/Gift of money and other valuable properties was famous as a tool to convert black money into white money. Gift can be in cash or kind what matters is its...

The Finance Minister Nirmala Sitharaman in Budget 2020 introduced new Income Tax regime. In New Income Tax regime, there is an option for individuals and HUF (Hindu Undivided Family) to pay taxes at...

https://babatax.com/Partner’s Remuneration, salary & Interest on capital – Section 40b under Income Tax ActInterest on capital of partner and Remuneration in the form of salary, bonus or commission...

Article from https://babatax.comFree of cost dilemma solved: We all love free stuff. I mean who doesn’t want. For instance,a shoe at Rs.250, or selling a shoe of worth Rs.500 at 50% discount i.e. at...

Income Tax Act, 1961, lays down provision to levy TDS on rent. Section 194-I says TDS on Rent is required to be deducted by person (except an individual or a Hindu undivided family not subject to Tax...