Notifications

CBIC has notified the exemption of IGST on systems, sub-systems, software meant assembly/manufacture LRSAM system.

CBIC exempts IGST on systems, sub-systems, software meant assembly/manufacture LRSAM system

Articles

The Income Tax Act allows three types of deductions from salary income, i.e., Standard Deduction, Deduction for Entertainment Allowance, and Deduction for Professional Tax

Understanding the Key Deductions for Salaried Employees

Balanced Advantage Funds or Dynamic Asset Allocation Funds are the type of hybrid fund that invests in a combination of equity and debt securities

Top Balanced Advantage Funds or Dynamic Asset Allocation Funds for Investment in January 2025

Notifications – Central Tax (Rate)

The Central Board of Indirect Taxes and Customs (CBIC) has notified that No GST RCM applicable on Sponsorship Services provided by body corporates.

CBIC removes RCM on Sponsorship Services provided by body corporates [Read Notification]

Hers are the Summary of GST Notifications issued on 16.01.2025, that implements the decision taken in the 55th GST Council Meeting.

Summary of GST Notifications issued on 16.01.2025

Judgement

The Bombay High Court verdict delayed again in respect of Income tax rebate under Section 87A issue.

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CBIC exempts IGST on systems, sub-systems, software meant assembly/manufacture LRSAM system

Understanding the Key Deductions for Salaried Employees

Top Balanced Advantage Funds or Dynamic Asset Allocation Funds for Investment in January 2025

CBIC removes RCM on Sponsorship Services provided by body corporates [Read Notification]

Summary of GST Notifications issued on 16.01.2025

Income Tax Rebate Issue: Bombay High Courts verdict delayed again