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WHY ONE SHOULD FILE HIS RETURN OF INCOME WITHIN DUE DATE?
This blog highlights the importance of filing Income Tax Return within the due date is crucial to avoid penalties and additional interest. Timely filing is important to enjoy benefits such as easier loan approval, provisions for carrying forward losses, and expedited processing for timely refunds. Ensure compliance with advantages by filing your ITR with APMH for the FY 2022-23 (AY 2023-24).
Applicability of Profession Tax ( PTR and PTE ) for FY 2023-24
This blog provides essential information on the applicability of Profession Tax (PTR and PTE) in Maharashtra for FY 2023-24. It covers the latest amendments in the PTR slabs, guidelines for filing PTR returns, and the requirement for enrolling under PTE. Additionally, it highlights the exemptions available for senior citizens and persons with benchmark disabilities. A must-read for taxpayers looking to understand the regulations around profession tax in Maharashtra.
Payment of GST under wrong head- Consequences and Solutions
This blog discusses the consequences of paying tax under the wrong head and the constitutional validity of Section 19 of the IGST Act and Section 77 of the CGST Act in India. It explains that if tax is paid under the wrong head, then the taxes paid under the wrong head will be refunded, and tax liability under the correct head will be payable without any levy of interest and penalty. The article also provides an action point for suppliers and the impact on recipients/customers where the supplier collects and pays the tax under the wrong head. The author concludes that both sections do pass the test of constitutional validity.