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Income Tax > Recent Amendments

Blogs under category: Recent Amendments
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From April 1, 2023 amounts payable to Micro and Small Enterprises shall be allowed as an expenditure ........

Background: Books of accounts are maintained by employing two methods – Mercantile or Accrual System and Cash System. The Mercantile system records incomes and expenses, regardless of actual receipt ........ View More

  • 04/03/2024
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  • Visitor's Count: 265

TCS ON FOREIGN REMITTANCES UNDER LRS TO INCREASE FROM 1ST OCTOBER, 2023

KPB

Background Tax Collection at Source (‘TCS’) is the tax collected by the receiver of payment from the payer on undertaking certain transactions specifically sale of certain goods and provision of cert ........ View More

  • 26/09/2023
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  • Visitor's Count: 353

 
     
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