# article
12 posts in `article` tag
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Sikkim's Tax Exemption History
This blog post delves into the history and implications of Sikkim's unique tax exemption, granted under Section 10(26AAA) of the Income Tax Act. It explains how residents of Sikkim are exempt from income tax and the conditions that apply, providing a comprehensive guide to this special provision.
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By Krishna
Innovative Move: Income-Tax Department Launches Automated Reconciliation System - APNOKACA Update
A pilot project was initiated in September 2022, resulting in updates to about 4,300 ITRs.
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By Krishna
Demystifying Taxation in India: Income Tax vs. TDS - APNOKACA Insights"
On the other hand, Tax Deducted at Source (TDS) is a mechanism where tax is deducted at the time of making certain payments such as salary, rent, or professional fees.
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By Krishna
RBI's Vigilance: Action Against Unauthorized Payment System in Card Network Intermediary - APNOKACA Update
The Reserve Bank of India has discovered that a certain Card Network had set up a system allowing businesses to make card payments through intermediaries to entities that don't accept card payments.
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By Krishna
2024-25 TDS Rate Chart Update: AY 2025-26 Insights - APNOKACA Guidelines
TDS, or Tax Deducted at Source, is a method introduced by the Income Tax Department of India to prevent tax evasion.
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By Krishna
Navigating Cash Transactions: Unveiling New Guidelines - APNOKACA Update
Introducing the "New Guidelines for Cash Transactions"! These rules are changing how we use cash.
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By Krishna
Direct Tax Collections Surge: 80% of Revised Estimates Achieved by February 10th - APNOKACA Report
To reach the target set in the revised estimates for the year, the government needs to collect Rs 3.85 trillion in approximately 50 days.
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By Krishna
Crucial Update: Revised TDS Rates for Inactive PANs - APNOKACA Advisory
The Income Tax Department has sent an important notice to Tax Deductors and Collectors, alerting them about the impact of having an 'Inoperative' PAN status on TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) rates.
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By Krishna
GST Department Notices: Businesses on the Radar - APNOKACA Update
According to Section 150 of the CGST Act of 2017, the notices were issued, requiring the assesses to provide a detailed explanation for the "underreported" input tax credits.
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By Krishna
Understanding Tax Limits: Depositing Cash in Savings Account without Attracting Taxes
To meet their banking needs, many people, including those with regular salaries, often open savings accounts to keep their money safe and earn interest.
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By Krishna
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April 1, 2024 Onwards: Crucial Insights on Updated Income Tax Return (ITR) Forms - APNOKACA Update
To streamline tax processes and improve transparency, the Income Tax Department has announced important updates to income tax return (ITR) forms.
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By Krishna
Post Interim Budget 2024: Unveiling Income Tax Slabs & Rates for FY 2024-25 - APNOKACA Insights
There are no alterations to the income tax slabs for the upcoming fiscal year, 2024-25 (April 1, 2024 - March 31, 2025), as per the interim budget 2024 presented by Finance Minister Nirmala Sitharaman.
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By Krishna