How to File a NIL TDS Return in Income Tax on TDS CPC Portal A NIL TDS return is filed when a business has not deducted any tax at source (TDS) during a specific period. It’s important to file this return to maintain compliance with tax laws, avoid penalties, and keep a clean tax record.… Read More »
GST Applicability and Input Tax Credit on Book Purchases for Employee Training Businesses often invest in resources to enhance the skills of their employees. A common question that arises is the applicability of Goods and Services Tax (GST) on the purchase of books for such training and the eligibility to claim Input Tax Credit (ITC)… Read More »
TDS Return filing new changes from Jan 2025 Temporary Suspension of Correction Statement: The correction statement for Quarter 4 (24Q) of Financial Year 2024-25 has been temporarily suspended from December 27, 2024, to January 31, 2025. This facility will resume on February 1, 2025. Time Limit for Correction Statements: As per an amendment to the… Read More »
Assessing Officer cannot reject the chosen method (DCF) and adopt a different one (NAV) Method for Unquoted Equity Shares Title: Rejection of Fair Market Value (FMV) Determination and Adoption of Net Asset Value (NAV) Method for Unquoted Equity Shares Summary in Key Points: Issue: Whether the Assessing Officer (AO) can reject the assessee’s chosen method… Read More »
Exemption under Section 54F Denied Due to Delay in Construction of New Residential House Summary in Key Points: Issue: Whether the assessee is entitled to exemption under Section 54F of the Income-tax Act, 1961 for capital gains invested in a new residential house when the construction of the house was not completed within the stipulated… Read More »
Gemini 2.0 Experimental Advanced: Unleashing the Next Wave of AI Possibilities The field of Artificial Intelligence is in a state of constant flux, with each iteration of technology pushing the boundaries of what’s possible. As we stand on the precipice of a new era, Google’s Gemini 2.0 Experimental Advanced is poised to be a major… Read More »
Comparison between Gemini 2.0 Flash Experimental and Gemini 2.0 Experimental Advanced While Google hasn’t officially announced models named “Gemini 2.0 Flash Experimental” and “Gemini 2.0 Experimental Advanced,” we can infer what these hypothetical models might represent based on common practices in AI model development and the naming conventions used for the existing Gemini models (like… Read More »
Gemini 2.0 Flash Experimental ! Can do Great things in a moment Gemini 2.0 Flash Experimental is a cutting-edge language model with impressive capabilities. Here are some examples of what it can do: Multimodal Live API: Gemini can understand and respond to various types of input, including text, images, and code. This allows for more… Read More »
Gemini Live Gets a Major Upgrade: Now with Images, Files, and YouTube Videos Gemini Live Gets a Major Upgrade: Now with Images, Files, and YouTube Videos Google’s Gemini Live, the AI-powered conversational assistant, just got a whole lot more versatile. Starting today, users of the Samsung Galaxy S24 and S25 series, as well as Pixel… Read More »
GST on Restaurants in India The Goods and Services Tax (GST) is a single, unified indirect tax system implemented in India in July 2017. It streamlined the previous intricate system of indirect taxes, including VAT and service tax, creating a more transparent and efficient tax structure for businesses and consumers. The GST levied on restaurants… Read More »