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ITR Series: Day 14:ITR-7 – The Return for Charitable Trusts, Institutions & Political Entities

Table of Contents Overview Who Can File ITR-7? Who Cannot Use ITR-7? Key Structure Important Considerations Why ITR-7 is Uniquely Detailed? Final Word Unlike other ITR forms that focus on individual or business income, ITR-7 is a return with a purpose. It’s specially designed for charitable and religious trusts, political parties, research institutions, and educational/medical entities…

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India’s 50th GST Council Meeting: Key Outcomes Shaping Business Landscape

Table of Contents Introduction Changes in Tax Rates Exemptions in Healthcare Sector Streamlining ITC Distribution Strengthening GST Implementation Implications for Gaming and Gambling Industry Trade Facilitation Measures Conclusion Introduction India's 50th GST Council Meeting, held in July 2023, witnessed significant developments and key decisions that have far-reaching implications for…

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