by Sinewave Team | Jun 20, 2022 | Taxation, TDS
Today you need to file your income tax returns attentively and on time if you are a citizen of India with a source of income. The consequences of failing to file your taxes might be severe. Your income will be impacted if you do not file your tax returns. The majority...
by Sinewave Team | May 19, 2022 | SMEs, Taxation
An individual may pay more tax than they are obligated to pay at times. You can seek an income tax refund if your advanced tax or tax deducted at source (TDS) is greater than the amount you owe. ITR refunds are a mechanism to ensure that any additional taxes you have...
by Sinewave Team | May 6, 2022 | GST, Other, SMEs, Taxation
The spread of COVID-19 appears to be slowing in India, but the pandemic’s economic impact is still being determined as new waves of COVID-19 infection emerge locally. As a result, any revenue impact of covid-19 on GST collection in India will have certain flaws...
by Sinewave Team | Feb 18, 2022 | Taxation
Rationalization of provisions of TDS on sale of immovable property In order to remove inconsistency, it is proposed to amend section 194-IA of the Act to provide that in case of transfer of an immovable property (other than agricultural land), TDS is to be deducted at...
by Sinewave Team | Sep 13, 2021 | GST, SMEs, Taxation
In this part, we shall discuss the clause (b) and clause (c) of Section 7 of the CGST Act 2017 Section 7, (For the purpose of this section, supply includes………As per clause (b ) of Section 7 of the CGST Act 2017 , Import of services for a consideration whether or not...
by Sinewave Team | Sep 13, 2021 | GST, SMEs, Taxation
Under the Indirect taxes mechanism, the taxes are levied at every stage of value addition. This is applicable in case of supply of goods as well as services. Thus it is important to understand that tax and the value addition will be always coupled together. Value...
Recent Comments