Nandhakumar & Sundaran

Blog by Nandhakumar & Sundaran

Input Service Distributor (ISD) Mechanism under GST [Effective from 01/04/2025]

By Nandhakumar & Sundaran

Objectives & Mechanism


One of the primary objectives of GST is to eliminate the cascading effect of multiple taxes by allowing businesses to set off prior taxes related to the same transactions through the Input Tax Credit (ITC) mechanism. GST ensures that tax is applied only to the net value ad...

19.03.2025 09:54:43 AM - Comment(s)
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TDS under section Section 194T of the Income Tax Act,1961

By Nandhakumar & Sundaran

Section 194T of the Income Tax Act, introduced in the Union Budget of 2024, mandates that partnership firms and Limited Liability Partnerships (LLPs) deduct Tax Deducted at Source (TDS) on certain payments made to their partners. This provision aims to enhance tax compliance and transparency within ...
15.03.2025 04:52:06 PM - Comment(s)
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Exception-Based Reporting: A Smarter Approach to Decision-Making

By Nandhakumar & Sundaran

Introduction

Management Information Systems (MIS) play a crucial role in data-driven decision-making within organizations. Traditional MIS reporting often involves generating and analyzing vast amounts of data, making it time-consuming and inefficient. Exception-Based Reporting (EBR) offers a more st...

24.02.2025 03:55:36 PM - Comment(s)
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Income Tax Bill 2025

By Nandhakumar & Sundaran


22.02.2025 03:45:21 PM - Comment(s)
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Depreciation Rates

By Nandhakumar & Sundaran

Depreciation Rates (for Income Tax) As applicable w.e.f A.Y. 2003-04 onwards
21.02.2025 10:36:48 AM - Comment(s)
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