Introduction The Price-to-Earnings (P/E) ratio is one of the most commonly used financial metrics in fundamental analysis, especially in the Indian stock market. It serves as a valuable tool for investors to assess the relative value of a company’s shares. However, while the P/E ratio can provide essential insights, it can also be misleading if…
The Union Budget of 2024 introduced a new section under the Income Tax Act, 1961—Section 194T. This section imposes a Tax Deducted at Source (TDS) on specific payments made to partners of a firm. If you’re a tax professional, student, or even a partner in a firm, this guide will provide you with all the…
Introduction: In an effort to enhance transparency and streamline tax compliance, the Government of India has introduced Form GSTR-1A through notification no. 12/2024, dated 10th July 2024. Effective from the July 2024 tax period, this form offers taxpayers an optional facility to amend, add, or rectify any supply details reported in GSTR-1 before filing GSTR-3B…
New Delhi, August 7, 2024 (ANI): In a significant move aimed at providing relief to property owners, Finance Minister Nirmala Sitharaman has proposed an amendment to the Finance Bill that offers a substantial reduction in capital gains tax on property transactions. This proposal allows taxpayers to choose between a lower tax rate of 12.5% without…
Background Hostels and paying guest accommodations (PGs) provide essential living facilities to millions across India, mainly students from smaller cities or migrant workers. This sector, largely unorganized and dominated by small players, offers affordable housing solutions. Under the GST regime, from July 1, 2017, to July 17, 2022, residential dwellings for use as residences were…
