The Central Board of Direct Taxes (CBDT) has issued a clarification on the Income-Tax Clearance Certificate (ITCC), specifying the circumstances under which an individual is required to obtain one. This blog post breaks down the CBDT's clarification, explaining who needs an ITCC, when it's required, and the procedure to obtain one.

This blog provides an in-depth comparison and detailed explanation of Form 26QB and Form 26QC, essential for TDS compliance in property and rental transactions. Learn about the applicability, procedures, and key differences between these forms to ensure proper tax deduction and reporting.

This blog delves deeply into the intricacies of compliance within investment and Securities Financing Transactions (SFT), emphasizing their significance in maintaining market integrity and mitigating risks. It discusses the types of SFT, the importance of compliance, key challenges faced, best practices, and the role of technology.

The deadline to link your PAN with Aadhaar is fast approaching. By May 31st, all taxpayers must ensure this linkage to avoid higher tax deductions and penalties. This blog explains the importance, consequences of missing the deadline, and offers a step-by-step guide for linking PAN with Aadhaar. Stay compliant with the latest tax regulations to ensure smooth financial transactions and avoid complications.

This blog provides an in-depth explanation of Section 194N of the Income Tax Act, which mandates TDS on cash withdrawals exceeding specified thresholds. Introduced to promote digital transactions and curb black money, Section 194N impacts individuals, businesses, and other entities. Learn about its applicability, thresholds, rates, calculation methods, operational mechanisms, and the implications for account holders. Stay informed and manage your cash withdrawals efficiently with a thorough understanding of this important tax provision.

This topic delves into the methods used by e-commerce businesses with international reach to simplify their Goods and Services Tax (GST) compliance. It examines the challenges they face and the solutions they employ to navigate tax regulations efficiently

Discover the intricacies of NRI taxation, from understanding residency rules to navigating regulations outlined in the Income Tax Act and FEMA. Learn about the significance of the Resident but Not Ordinarily Resident (RNOR) status and how it impacts tax planning for Non-Resident Indians.