Krishna Gopal Varshney
- An editor at apnokaca
Krishna Gopal Varshney Krishna Gopal Varshney, Founder & CEO of Myitronline Global Services Private Limited at Delhi. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business/Professional establishment. Connect to us and let us give the Best Support to make you a Success. Visit our website for latest Business News and IT Updates.
The Latest from Krishna Gopal Varshney
TDS Rates 2024: A New Era of Tax Relief and Economic Growth
This blog post offers a condensed explanation of the new TDS rates, which go into effect on October 1, 2024, along with lower tax deduction rates for certain kinds of payments. In order to assure compliance with the updated tax legislation, it assists businesses and taxpayers in comprehending the ramifications of the changed TDS rates and making wise judgments.
NPS Vatsalya Scheme: A Detailed Overview
Parents and guardians can contribute to a pension account for their children's future through the NPS Vatsalya Scheme, a pension plan specifically for minors. The features, advantages, and investment alternatives of the program are all covered in detail in this thorough book, which makes it a must-read for anybody hoping to protect their child's finances.
A Comprehensive Guide to Understanding Section 40 of the Income Tax Act
This blog offers a thorough examination of Section 40 of the Income Tax Act of 1961, with an emphasis on the costs that companies and professions can deduct. Important clauses are outlined in it, such as payments to residents and non-residents, TDS obligations, and restrictions on director and partner salaries. Emphasis is placed on the necessity of compliance as well as the possible repercussions of non-compliance, including higher tax liabilities and prohibited costs. With the help of this thorough tutorial, taxpayers should be able to handle the complexity of Section 40 and keep proper tax records.
A Taxpayer's Guide to Understanding the AIS/TIS Framework
This blog article gives a full summary of the Annual Information Statement (AIS) and Tax Information Summary (TIS) for Assessment Year 2024-25. It describes the important improvements and modifications implemented by the Income Tax Department, such as additional information fields and enhanced accuracy. The site also teaches readers how to obtain AIS/TIS, comprehend its importance, and use it efficiently for proper income tax reporting.
Managing Tax Conflicts: An Overview of the Direct Tax Vivad Se Vishwas Plan 2024
The Direct Tax Vivad Se Vishwas Scheme 2024 offers a platform for taxpayers to resolve tax disputes and reduce their financial liabilities. Learn about the key features, benefits, eligibility criteria, and how to participate in this scheme.
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Understanding Section 39 of the Income Tax Act: Powers of Tax Recovery and Asset Attachment
Tax authorities may seize and sell a taxpayer's assets in order to collect unpaid taxes, according to Section 39 of the Income Tax Act. Additionally, recovery against other parties holding assets on behalf of the taxpayer is permitted under this clause. To make sure taxpayers understand their obligations and the repercussions of tax defaults, the blog examines the essential components, recovery procedure, and consequences for non-compliance.
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Comprehending Income Tax Act Section 115JB: Minimum Alternate Tax (MAT)
The Income Tax Act's Section 115JB establishes the Minimum Alternate Tax (MAT), which makes sure businesses pay a minimum tax even when they take advantage of exemptions and deductions. The goal of MAT, its applicability to both domestic and international businesses, its calculation method, the credit system, and important modifications such as exclusions for businesses falling under Sections 115BAA and 115BAB are all covered in this blog. It also looks at MAT's function in maintaining tax equity, particularly for companies with high book earnings but low tax obligations.
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Tax Notice Orders - Section 156
Although receiving a tax notification under Section 156 of the Income Tax Act is frequently required as part of the tax assessment procedure, it might be unsettling. This comprehensive blog post clarifies the notice's contents, the circumstances behind its issue, and your options for responding, including whether to contest or pay the demand. Being aware of this procedure aids in avoiding fines, interest, and legal issues. Reexamine your tax documents, be proactive, and take the required actions to either pay the demand or submit an appeal.
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New Penalty Adjudication Rules 2024: Strengthening Corporate Compliance under the Companies Act 2013
By simplifying the penalty procedure for non-compliance, the Central Government's New Penalty Adjudication Rules 2024, released in accordance with the Companies Act of 2013, seek to improve corporate governance. To guarantee prompt and transparent corporate responsibility, these regulations provide adjudicating authorities greater authority, establish time-bound processes, and encourage digital recording. This article examines the main points of the new legislation, their implications, and how they enhance investor confidence, mitigate litigation, and enhance corporate governance.
