B2B Sourcing Insights

Tax Planning & Auditing Articles | GlobalLinker

Read expert Tax Planning & Auditing articles covering supplier vetting, wholesale pricing, and procurement best practices for B2B buyers and sellers on GlobalLinker.

Tax Planning & Auditing articles

Showing 1–31 of 36
Last date to file Income Tax Return (ITR) for FY 2022-23 (AY 2023-24)
Tax Planning & Auditing

Last date to file Income Tax Return (ITR) for FY 2022-23 (AY 2023-24)

The last day to file an Income Tax Return (ITR) without incurring a late charge for the financial year 2022–23 (AY 2023–24) is July 31, 2023.

Rekha Verma Rekha Verma Jun 06 · 8 min
TDS and TCS Return Due Dates for FY 2022–2023
Tax Planning & Auditing

TDS and TCS Return Due Dates for FY 2022–2023

Every taxpayer whose TDS (tax deducted at source) has been deducted is required to complete a TDS return. Find out more in this article.

Rekha Verma Rekha Verma Apr 28 · 7 min
Guide on how to file an ITR in India
Tax Planning & Auditing

Guide on how to file an ITR in India

A step wise process on how to file Income Tax Returns in Asessement Year 2021- 2022.

Vakilsearch Staff Vakilsearch Staff Jul 19 · 8 min
5 major changes under Income Tax law in the new financial year
Tax Planning & Auditing

5 major changes under Income Tax law in the new financial year

With effect from 1 April 2022 there are some changes in Income Tax laws that will impact how much you save, spend, and pay in taxes.

Ritul Patwa Ritul Patwa Apr 01 · 4 min
Tax calendar for January 2022
Tax Planning & Auditing

Tax calendar for January 2022

Summary of tax and GST due dates for the month of January.

GlobalLinker Staff GlobalLinker Staff Jan 06 · 7 min
5 Significant changes in Income Tax
Tax Planning & Auditing

5 Significant changes in Income Tax

Examining major changes in Income Tax that have come into play since 1 April 2021.

Parth Mishra Parth Mishra Jul 28 · 4 min
New TDS rule from 1 July 2021 – Here’s what you need to know
Tax Planning & Auditing

New TDS rule from 1 July 2021 – Here’s what you need to know

A new tax rule came into effect from 1 July 2021, under which non-filers of income tax for the past two financial years will be subjected to higher taxation.

Parth Mishra Parth Mishra Jul 22 · 3 min
5 common mistakes in filing Income Tax Returns
Tax Planning & Auditing

5 common mistakes in filing Income Tax Returns

Here are certain common mistakes that need to be avoided while filing income tax returns.

Vakilsearch Staff Vakilsearch Staff Jul 20 · 6 min
Income Tax slabs and rates for Financial Year: 2021-22
Tax Planning & Auditing

Income Tax slabs and rates for Financial Year: 2021-22

Here are the new income tax slabs for financial year 2021-22 and well as answers to some frequently asked questions.

Parth Mishra Parth Mishra Jul 17 · 4 min
ITR Forms for AY 2021-22 have minimal changes
Tax Planning & Auditing

ITR Forms for AY 2021-22 have minimal changes

An overview of the Income Tax Return (ITR) forms for the assessment year 2021-22 notified by the Central Board of Direct Taxes (CBDT).

Parth Mishra Parth Mishra Jul 14 · 5 min
Income Tax Return (ITR) Forms for AY 2021-22 issued
Tax Planning & Auditing

Income Tax Return (ITR) Forms for AY 2021-22 issued

The Central Board of Direct Taxation (CBDT) has notified new income tax return forms, ITR-1 to ITR-7, for the assessment year 2021-22.

Vakilsearch Staff Vakilsearch Staff Apr 28 · 5 min
Do you need to pay income tax on Diwali gifts?
Tax Planning & Auditing

Do you need to pay income tax on Diwali gifts?

Know whether you need to pay income tax on the gifts you receive this festive season.

Vakilsearch Staff Vakilsearch Staff Nov 11 · 4 min
Everything to know about Capital Gains Tax
Tax Planning & Auditing

Everything to know about Capital Gains Tax

An overview of capital gains tax, difference between capital gain and capital assets and taxation on long-term and short-term gains.

Vakilsearch Staff Vakilsearch Staff Sep 02 · 6 min
Deduction under Section 80D and the Medical Insurance
Tax Planning & Auditing

Deduction under Section 80D and the Medical Insurance

A look at deduction under Section 80D, the health insurance policies that it covers, and why the 80D deduction is so valuable.

Vakilsearch Staff Vakilsearch Staff Aug 27 · 7 min
How to pay your Income Tax using Challan 280
Tax Planning & Auditing

How to pay your Income Tax using Challan 280

The government introduced Challan 280 for taxpayers to pay their self-assessment Income Tax online on their own. Step by step guide on Challan 280.

Vakilsearch Staff Vakilsearch Staff Aug 17 · 6 min
Relaxation of various tax timelines to combat COVID-19 outbreak
Tax Planning & Auditing

Relaxation of various tax timelines to combat COVID-19 outbreak

Examining tax timeline extension by the government in light of coronavirus outbreak.

Makarand Lele Makarand Lele Apr 10 · 7 min
Budget impact on direct taxes
Tax Planning & Auditing

Budget impact on direct taxes

Examining the key highlights of the budget on direct taxes.

Vertika Kedia Vertika Kedia Feb 03 · 7 min
Tax saving tips for small businesses in 2020
Tax Planning & Auditing

Tax saving tips for small businesses in 2020

A look at tax saving tips for small business owners in the new year

Vertika Kedia Vertika Kedia Jan 09 · 9 min
Benefits of filing Income Tax Returns (ITR)
Tax Planning & Auditing

Benefits of filing Income Tax Returns (ITR)

Filing your income tax returns on time has several benefits apart from ensuring you are tax compliant. Find out more

CS Navneet Dhiman CS Navneet Dhiman Jul 18 · 6 min
Budget impact: Taxation on businesses
Tax Planning & Auditing

Budget impact: Taxation on businesses

An overview of the budget impact on business taxation

Ritul Patwa Ritul Patwa Jul 09 · 6 min
Budget Impact: Key deductions & benefits under income tax for individuals
Tax Planning & Auditing

Budget Impact: Key deductions & benefits under income tax for individuals

A review of the impact of the budget on income tax for individuals.

Ritul Patwa Ritul Patwa Jul 08 · 6 min
A list of tax benefits for startups in India
Tax Planning & Auditing

A list of tax benefits for startups in India

Learn about the various tax benefits for startups in India.

Vakilsearch Staff Vakilsearch Staff Jun 11 · 7 min
Key takeaways from the Angel Tax proposal
Tax Planning & Auditing

Key takeaways from the Angel Tax proposal

CEO of Camattersonline breaks down the key learnings from the Angel Tax proposal.

Priyanka Srivastava Priyanka Srivastava May 08 · 4 min
Presumptive Taxation Scheme under section 44AD of Income Tax Act: Who should not file?
Tax Planning & Auditing

Presumptive Taxation Scheme under section 44AD of Income Tax Act: Who should not file?

Chartered accountant from Mohit Mundhra & Co explains the Presumptive Taxation scheme under section 44AD of Income Tax Act, 1961.

Mohit Mundhra Mohit Mundhra Mar 25 · 4 min
Tax Benefit - Business concept of the day
Tax Planning & Auditing

Tax Benefit - Business concept of the day

Learn what a tax benefit is and how this business concept may apply to you and your SME.

GlobalLinker Staff GlobalLinker Staff Aug 09 · 1 min
7 Income Tax changes you should be aware of
Tax Planning & Auditing

7 Income Tax changes you should be aware of

Changes in taxation after Budget 2018 explained for easy reference by Sanjeet Jaiswal.

Sanjeet Jaiswal Sanjeet Jaiswal Jul 18 · 4 min
What you need to know before filing your Income Tax
Tax Planning & Auditing

What you need to know before filing your Income Tax

Taranpreet Singh explains the recent updates for filing taxes by 31 July, 2018.

Taranpreet Singh Taranpreet Singh Jul 11 · 3 min
15% of your Advance Tax due by June 15
Tax Planning & Auditing

15% of your Advance Tax due by June 15

The deadline for filing the first installment of the Advance Income Tax is coming up on June 15. Here is what you need to know.

GlobalLinker Staff GlobalLinker Staff Jun 13 · 3 min
Presumptive taxation – a simplified scheme for small businesses and professionals
Tax Planning & Auditing

Presumptive taxation – a simplified scheme for small businesses and professionals

Ravi Kariya explains presumptive taxation and how it may apply to you and your business.

Ravi Kariya Ravi Kariya Mar 28 · 4 min
Choosing the right form for income tax returns (ITR) filing
Tax Planning & Auditing

Choosing the right form for income tax returns (ITR) filing

Tax expert Taranpreet Singh guides through various ITR forms to help you choose the appropriate one.

Taranpreet Singh Taranpreet Singh Mar 28 · 3 min
7 must-do’s before the 31st March tax return filing deadline
Tax Planning & Auditing

7 must-do’s before the 31st March tax return filing deadline

How can you navigate the tax filing period with ease? Ravi Kariya provides expert tips.

Ravi Kariya Ravi Kariya Mar 23 · 3 min