Introduction
In GST, the Input Tax Credit (ITC) mechanism allows businesses to claim credit for the GST paid on purchases used for making taxable supplies....
Understanding TDS & TCS in Accounting: Concepts, Journal Entries & Financial Impact
In the world of accounting and taxation, TDS (Tax Deducted at Source) and...
Section 234F - Fee for Late Filing of Return:
CA Devesh Thakur
Relevant Act Extract
"234F. Fee for default in furnishing return of income.— (1) Without prejudice...
Explanation of Sections 234A, 234B, and 234C:
CA Devesh Thakur
Section 234A - Interest for Late Filing of Return:
Relevant Act Extract:
"234A. Interest for defaults in furnishing...
