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CASUAL TAXPAYERS
IRS 1099-K rule change: Higher $20,000 limit brings relief for gig workers and online sellersThe new 1099-K tax rule brings relief for small sellers and gig workers using apps like PayPal, Venmo, and Cash App. The higher reporting l...
What ITR forms reveal about investing choices of Gen Z, millennialsIndia’s tax data shows a shift beyond salary-only incomes, with Gen Z and millennials increasingly reporting multiple income sources. Clear...
Quiet IRS rule shift means an extra $800 for some Americans in 2026 — here’s who winsAmericans who hit jackpots at casinos stand to gain in 2026. The IRS just confirmed a major shift: the taxable threshold for slot machine w...
Gig workers win big: Trump’s new rule is a game-changer for anyone with a side hustle - here are the detailsGig workers win big as IRS restores 1099-K $20,000 limit for 2025 taxes: IRS 1099-K change 2025 makes side hustles simpler. If you earn ext...
GST registration to be suspended if you do not give bank account details at the earliest; These taxpayers get exemption from thisAttention all businesses! Your GST registration may be suspended if you don't submit your bank account details on time. Make sure to provid...
GST return due date clash with Diwali: BCAS urges extension of GSTR-3B filing dateThe Bombay Chartered Accountant Society has urged the finance minister to extend the GSTR-3B filing deadline. This request stems from the u...
GST annual return using form GSTR-9 has been enabled for filing for FY 2024-25 on the GST portalThe GST portal has enabled filing of the GSTR-9 annual return and GSTR-9C reconciliation statement for FY 2024-25, with a deadline of Decem...
GSTR-3B deadline extended for Mumbai and these Maharashtra districtsDue to heavy rains and public disruptions, the CBIC has extended the GSTR-3B filing deadline for July 2025 to August 27, 2025. This extensi...
Won money on Dream11, My11Circle? Know income tax rules for this casual incomeDream11 win: Winnings from lottery, online gaming, online sports betting, etc., are considered casual income for income tax purposes, as pe...
This change in GST annual return if not checked properly can result in input tax credit mismatchGoods and services tax: GST annual form GSTR-9 has a significant change which if not properly checked can result in input tax credit mismat...
Deadline for filing GSTR 3B extended for taxpayers in these election bound statesGoods and services tax (GST): The deadline to file GSTR 3B which is a statement of input tax credit available to claim has been extended to...
Who needs to file GST annual return by December 31, 2024Goods and Services tax: GST annual return using GSTR 9 or 9A needs to be filed by GST registered taxpayers on or before December 31, 2024. ...
CBIC exempts these businesses from filing GSTR-9 annual return for FY 2023-24GST annual return: Now there is no need to file GSTR-9 annual return for FY 2023-24 as the Central Board of Indirect Taxes and Customs (CBI...
Compensation for COVID-19 deaths is not bounty; cases cannot be dealt with casually: Bombay HCBombay HC rejected a widow's plea for COVID-19 ex-gratia compensation. The deceased husband, a handpump helper, wasn't a designated COVID-1...
Deadline for opting GST Composition Scheme for FY 2024-25 is March 31, 2024; file CMP-02 form if eligibleGoods and Services Tax (GST): If you are GST registered and wish to apply for GST Composition scheme for FY 2024-25, then the last date to ...
Key points for first ever filing of GST Annual returnsThe government has introduced different types of annual return keeping in mind the various categories of taxpayers.
Not so simple: Annual GST return seeks additional details from taxpayersGST Law mandates all taxpayers, except casual taxable person or non-resident taxable person, input service distributor, person liable to de...
'Casual Taxpayers' registration goes live on GSTN portalA casual taxpayer is a person who occasionally undertakes business transactions in a state/Union Territory where he/she has no place of bus...
Panama Papers: Officers asked to be specific in sending queriesThe IT Department issued an internal guidance to officers on requests for exchange of information made to BVI in order to achieve better ou...
Prasar Bharati policies 'old, incorrect': Jawhar SircarSircar was referring to media reports about the All India Radio's 'sacking' of 100 casual RJs, above 35 years old, working at two Kolkata s...