Tax Evasion is Criminal but Tax planning is 100% legal. At times some of us might have filed our Income tax return without making full disclosure of our Income or by making incorrect disclosures to avoid the burden of Income […]
Tax Evasion is Criminal but Tax planning is 100% legal. At times some of us might have filed our Income tax return without making full disclosure of our Income or by making incorrect disclosures to avoid the burden of Income […]
Introduction Taxpayers in India use the income tax return (ITR) to declare their income and pay the appropriate taxes to the income tax department. Depending on the taxpayers’ sources of income and other factors, the Income Tax Department of India […]
As a small business owner, you understand the value of every penny and every minute of your day. With so many tasks to complete and decisions to make, you may wonder whether registering your business is worth the time and […]
To whom does Section 115BAC (New Tax Regime) apply? The Budget 2020 introduced a new regime under section 115BAC giving individuals and HUF taxpayers an option to pay income tax at lower rates. Tax rates under the old regime vs […]
A stock audit is a process that refers to physical inventory verification, which includes the evaluation of stock items. Learn more about it
Definitive Guide for ROC Filing of Companies Currently, we are finding millions of companies emerging. In 2021 alone, India recognized 41,061 new startups & companies. But what is a company? A company is a legal body created by a group […]
Getting Perks / Schemes?? TDS deduction @ 10% u/s 194R Before getting into the in-depth details of TDS @ 10% on Schemes and Benefits u/s 194R, lets go through the memorandum explaining the intentions behind introduction of this section: “As […]
Got a Gift?? Know if it’s taxable under Income Tax Gifts are the most common way of expressing our love and affection towards our loved ones family and friends, however many a time gifts can also be a part of […]
Compliance Alert!! TDS on Purchase of Property Who is responsible to deduct TDS on Purchase of Property? From 1.6.2013 buyer of property is required to deduct TDS at the time of making Payment to the seller excluding GST if any […]
Crypto Tax – Budget 2022 As we deep dive into taxation of cryptocurrency in India, and we need to be clear in our minds that the government on the one hand has given legitimacy to the transaction in VDA’s and […]