Updated return under Income Tax Act was introduced in Budget 2022 by insertion of a new section 139(8A) in the Act and this came into effect from 1st April 2022. As per Section 139(8a) of Income Tax Act, Updated Returns …
Section 269SS of Income Tax Act: As per Section 269SS of Income Tax Act, a person cannot accept loan or deposit or any other specified sum of Rs.20000 or more from another person, otherwise than by an account payee cheque …
GST on renting of residential house property: This is one of the areas where amendments are coming time and again. So, let us understand the various provisions of GST applicable to such a supply: Renting of residential house is considered …