# tax
12 posts in `tax` tag
Security Flaw MCA Portal Aadhaar Kyc Exposure Industrialists APNOKACA
The MCA portal, a crucial platform for public access to company-related information, facilitating transactions and verifications, recently experienced a significant setback.
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By Krishna
Byjus Employee Upset Late TDS Deposits APNOKACA
Despite their pay slips indicating consistent TDS deductions, the apparent discrepancy suggests that the deducted tax has neither been deposited nor reported to the tax authorities.
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By Krishna
Digital Transformation UPI Payments GST Ten States APNOKACA
You can access this feature through any UPI using Kotak Mahindra Bank. It's a significant move towards making GST payments more digital and straightforward.
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By Krishna
EPFO Aadhaar Exclusion Valid Proof Date Of Birth APNOKACA
The UIDAI had clearly mentioned that the use of Aadhaar as proof of date of birth should be removed from the list of acceptable documents in its circular dated 22.12.2023.
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By Krishna
Income Tax Overhaul Boost Deduction Limits Section 80C APNOKACA
It's important to note that corporate firms, companies, and partnerships are not eligible for tax benefits under Section 80C.
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By Krishna
Budget 2024 Insight: Report Hints at Potential Revision of Tax Exemption in the Old Tax Regime - APNOKACA
A recent report suggests that the central government is considering revising tax exemptions, especially in the lower bracket for the Old Tax Regime, in the upcoming interim Budget 2024.
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By Krishna
Anticipating Change: Interim Budget 2024 Could Bring a Rs 50000 Hike in Tax Exemption Limits - APNOKACA
The forthcoming interim budget on February 1, 2024, may witness an increase in the tax exemption limit, with the government potentially introducing a new finance bill for this adjustment.
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By Krishna
Polycab Clarification: No Communication from Income Tax on Tax Searches, APNOKACA Informed
The clarification comes after the Income Tax department uncovered "unaccounted cash sales" amounting to approximately Rs. 1,000 crore during a recent raid on the Polycab Group.
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By Krishna
Unreceived Tax Refund Reasons Solutions APNOKACA
After e-verification or manual verification by the taxpayer, the Department processes the ITR. It sends an Intimation-cum-Notice under Section 143(1) of the Income Tax Act, 1961, to the taxpayer's registered email.
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By Krishna
Revamping the Appeal: Key Measures to Enhance the New Personal Income Tax Regime APNOKACA
While several options are being contemplated, there are suggestions that any such measures might be postponed until after the interim Budget on February 1.
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By Krishna
Tax Regime Under Scrutiny: New Modifications Pose Potential Changes at APNOKACA
Tax experts suggest that the government may need to raise the threshold for the highest Personal Income Tax (PIT) rate, currently set at 30% and applicable from Rs 15,00,000 to at least Rs 20,00,000.
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By Krishna
Critical Update: E-Waybill Generation Mandates E-Invoice Details Starting March 01, 2024
The journey began with the operationalization of e-invoice in October 2020 for taxpayers with an Annual Aggregate Turnover (AATO) above Rs. 500 Crores.
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By Krishna