As of April 1st, 2024 the significant changе took еffеct in thе Indian tax landscapе. Thе еxеmption grantеd to nеws agеnciеs undеr the Section 10 22b of the income tax act was rеmovеd and bringing thеm undеr thе scope of the rеgular taxation. This dеcision is announcеd in thе 2023 Union Budgеt and has set-off the […]
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Can NRI Buy Agricultural Land in India, holds an immense potential in the real estate investments, generally for non-resident Indians (NRIs) looking to diversify their portfolios. However, examine the sale of agricultural land by NRIs demands a strategic concept, which balances returns with risk mitigation. In the present article, we are exploring the art of […]
E-commerce business in India is a vibrant activity, where digital marketplaces are transforming the way businesses manage and consumers shop. In this comprehensive article, we will examine by the dynamic landscape of e-commerce, exploring its quick development, trends market, key players, and the factors contributing to its success in the Indian market. The e-commerce business […]
The companies act, 2013 and Accounting Standard-18 (AS-18) are the regulatory structure in the corporate governance and financial reporting. Each one of them is addressing distinct features of corporate conduct. The section 188 of the Companies Act, 2013 is a provision for related party transactions, and helping in the legal landscape for corporate dealings. Meanwhile, […]
The Company Secretary plays a crucial role in the corporate governance as the guardian of compliance and transparency. However, in present times, the obligations of a Company secretary have surpassed conventional boundaries, extending into the forensic auditing. This converging role has emerged as a dynamic react to the complex and risks within the business environment. […]
In the world of business trade, the export of services plays a crucial role in the economic country. The Goods and services regime have the taxation structure for services exported from India with the significant transformation. The article will explore about the fundamentals of export of services in GST. Understand the exporting services and the […]
Starting the process of raising money for a startup? Check out our Fundraising for Startups Checklist guide – it’s your roadmap to getting the money your project requires. This post breaks down the challenges of raising funds and gives you a straightforward checklist to make sure you’re fully prepared. It’s like a simple guide that […]
In recent years, the food franchise business in India has witnessed remarkable growth, driven by changing consumer preferences, urbanization, and increasing disposable incomes. Entrepreneurs looking to venture into the food business are often drawn to the franchise model due to its proven success, established brand recognition, and comprehensive support systems offered by franchisors. Starting a […]
The India’s real estate field has emerged as a magnet for multinational investors, providing promising opportunities to landscape of evolving economic dynamics. With its growing rapidly population, quick urbanization, and government begins aimed at boosting structure, the Indian market of real estate offers a captivating matter of investment. However, if there is any investment need […]
Performing a first-time cost audit is a crucial step for any organization seeking to enhance financial efficiency, identify areas of overspending and optimize resource allocation. Below is a comprehensive guide to help you navigate through the Cost Records And Audit Rules process effectively. Contents Introduction Application of cost records Cost Audit Applicability Cost Audit Procedure […]
Due diligence is an examination or audit conducted prior to a transaction, such as a purchase, investment, business partnership, or bank loan, to ensure compliance with financial, legal, and environmental reports. It is a requirement for firms registering in India. The results of each of these investigations and audits will be compiled into a report […]
Setting out on a profitable business journey in 2024 requires careful attention to regulatory requirements in addition to strategic preparation. The annual Compliance Calendar for Year 2024 provides a comprehensive schedule that includes all of the monthly forms, duties, and deadlines that are necessary to guarantee corporate compliance. This book becomes a vital resource for […]
Exit taxes are imposed by governments on individuals, businesses, and property upon departure to confiscate any capital gains accrued or unrealized before the taxpayer’s departure. In India, the term “exit taxes” is not commonly used. So how will one determine the tax liability on international relocation? There are certain tax laws and rules for regulating […]
In the ever-changing modern workplace, ensuring ethical conduct is essential for maintaining integrity and trust. The organizations encounter many problems but one of the major challenges faced by them is managing conflict of interest among employees. When a person’s personal interests obstruct or appear to obstruct their capacity to carry out their professional responsibilities impartially, […]
The Companies Act 2013 has brought consequential impact in the corporate structure. Various rules and regulations have been numbered which determine the impact it has on business and financial operations, one among such regulation is concerning charges. This article aims to provide a comprehensive guide to charges under the Companies Act 2013, covering types, obligations, […]
The Centralized Public Grievance Redress and Monitoring System (CPGRAMS Portal of Government of India) is an online platform that can be used by citizens 24/7 to make complaints with government entities about any aspect of service delivery. It is a unified gateway connecting all Ministries or Departments of the Government of India and the States. […]
Dematerialisation of Securities in Private Companies refer to the process of converting physical securities such as share certificates, bonds into digital form. What are the benefits of dematerialisation of securities? Reduced risk: Dematerialisation of Securities in Private Companies eliminates the risk of physical certificates being lost, damaged or stolen and provides more secure way of […]
SMFG India House Finance Company, now known as SMFG Grihashakti Home Loan, formerly recognized as Fullerton India Home Finance Company Limited, has risen as a prominent Non-Banking Financial Company (NBFC) in India. They specialize in paying house loans within a swift 72 hours post-loan approval. Navigating the array of home loan options demands time and […]
Micro, Small, and Medium Enterprises (MSMEs) play a pivotal role in driving economic growth, fostering entrepreneurship, and generating employment opportunities in India. Recognizing the significance of this sector, the Indian government has formulated MSME scheme list and initiatives to support the growth and development of MSMEs. Various subsidy schemes for machinery and business have been […]
In an era where global challenges like climate change, inequality, and poverty demand innovative solutions, traditional financial markets too need to accommodate a new wave of socially conscious investors. Therefore, the idea of an electronic fund-raising platform “Social Stock Exchange in India” was proposed under the regulatory ambit of SEBI. The concept of a (SSE) […]
The Indian government enacted, the Real Estate (Regulation and Development) Act, 2016 (RERA) which serves as a legislative framework, designed to protect the interests of homebuyers while fostering accountability and transparency within the real estate sector. Explore this article to understand the arbitrability of flat-buyer disputes under the RERA Act 2016. Discover how this law […]
The directors through the board of directors manage a company by making decisions, devising strategies, and ensuring the organization meets its objectives. Every type of director has specific authority, but they work together to advance the business’s interests and represent the organization. Let us delve into the realm of the Type of Directors in a […]
FAQs on PAS-6 FAQs on PAS-6, it refers to the submission of approval of the audit report on the share capital (half-yearly) of unlisted public companies. The purpose of this form is to recognize any difference between the issued capital and the capital held in the dematerialized form of the public company. Let us have […]
A global language used for company reporting, XBRL is used to transmit financial and business data electronically. The analysis, preparation, and sharing of company information are facilitated by XBRL filing. Now we will have a look into the How to File Financial Statements in XBRL Format? TABLE OF CONTENT What do you mean by XBRL? […]
The Ministry of Corporate Affairs, New Delhi recently issued a significant notification dated 27 October 2023, amending Limited Liability Partnership Rules (LLP), 2009. The amendment introduces key changes relating to Register of partners and declaration of beneficial interest in any contribution. In this article we will delve into the Significant Beneficial Owners changes brought by […]
Women Reservation Bill brings a change from GruhLaxmi to Mahalaxmi which represents an evolution toward greater empowerment and representation for women in the political domain. India has made remarkable steps in recent years that have increased women's political and spiritual empowerment. With the Indian government historic decision to reserve 33.33% of Parliament seats for women […]
The Reserve Bank of India (RBI) issued the (SBR) Scale Based Regulation Guidelines on October 19, 2023, ending the primary division of Non-Banking Financial Companies (NBFCs) into systemically important and non-systemically important NBFCs. Let us know more about Scale Based Regulation Guidelines. Table of Contents Overview of NBFC A Glimpse into the Notification Classification of […]
Stamp duty on shares is a tax imposed by government on the transfer of ownership of shares and securities as outlined under Companies Act 2013 and governed by Indian Stamp Act. It plays a crucial role in the financial landscape, influencing both individual investors and institutional players. This tax is typically levied when shares are […]
In recent times, the Indian market has witnessed a surge in popularity among the masses in online betting and gambling. The convenience of making such payments plays a crucial role while investing in the market. Various payment platforms have been introduced in the market for a seamless and secure financial transaction experience. In this article, we […]
India’s Foreign Trade Policy 2023 aims to boost exports and facilitate business conduct, focusing on the “Export Control” regime. It includes incentives for remission, cooperation promotion, ease of doing business, and developing areas, fostering trust and engagement with exporters. Now we will have a look into the new foreign trade policy of India. Table of […]
AoA for Nidhi Company is a document that contains the purpose of the Nidhi Company and its operational guidelines. AoA is an important document for setting up business procedures. The day-to-day operations or daily activities that oversee the corporation are outlined in the articles of association document. Before registering a company, an AoA must be […]
Businesses have a strong desire to have a positive social impact and to give back to the communities that help them. Similarly, the government contributes significantly to the improvement of society through the distribution of resources and the implementation of laws that meet popular aspirations. Moving from CSR to BSR that is, CSR (Corporate Social […]
How to Terminate a Contract? Ending or Terminate a contract means stopping an agreement between people or companies. Figuring out when to do this is important, whether it’s for things you buy, services you get, or jobs you have. To end a contract the right way, you look at what you agreed on at the […]
The Government of India on 1 July 2017 introduced the Goods and Services Tax Act 2017 to replace the prevailing complex and fragmented tax structure with a unified system that would simplify compliance, reduce tax cascading, and promote economic integration. And in order to simplify the ever changing tax rates according to the Annual Budget […]
A Custom duty could be understood as a tax imposed on the import and export of goods. The Indian government uses this duty to increase its revenue and regulate the movement of goods across international borders. Now we will have a look into the challenges facing customs administration. Table Content What do you mean by […]
A nominee plays a crucial role in an OPC. A novel type of business structure known as the One Person Company (OPC) emerged with the Companies Act, 2013 in India. It enables business owners to incorporate a firm with just one member. Every OPC needs a nominee to meet legal obligations. The Ministry of Corporate […]
Are you familiar with the term ‘tax audit’? Well we all know the concept behind auditing which is to carefully review and inspect financial records to ensure compliance with the Income Tax Act 1961 and other relevant related laws, and detect any fraudulent activities. It is mandatory to conduct an audit of the accounts of […]
Section 44AB OF THE INCOME TAX ACT 1961 requires the firms or entities to get their accounts audited every year by a Chartered Accountant before the due date. The provisions regarding the requirements to get them audited and penalties for non-compliance of the same has been mentioned under the statue. In this article we shall […]
Making the most of your tax savings as a salaried employee is essential to maintaining your financial security and guaranteeing a happy future. You can increase your discretionary income and drastically reduce your tax bill by utilizing various tax -saving strategies. Let’s discuss tax saving options for salaried employees. Table of Content Overview of Tax […]
Fixed deposits are a good investment since they can withstand market fluctuations. A 2023 survey found that Indians favour FDs. About 23% of investors use FDs to hedge inflation. Despite their constant returns, FDs must be considered tax-wise. FD interest is taxed as part of an individual’s yearly income. Investment in tax-saving fixed deposits has […]
The last date for filing income tax returns for the financial year 2022–23 was July 31, 2023. However, if you were not able to file your ITR within the stipulated period, you still have the option to file a late return, also known as a belated return. A belated income tax return (belated ITR Filing) […]
An important document that creates the foundation for the partnership’s operations is the Limited Liability Partnership (LLP) Agreement. A successful partnership is built on a solid LLP Agreement, such as the one we’re looking at here. It outlines the LLP’s organizational structure, duties, and legal foundation. To make sure that these agreements comply with all […]
Welcome to the ultimate guide on Cost Audits! In the world of business, understanding where your money goes is crucial. This comprehensive FAQ Guide for Businesses & Professionals will unravel the mysteries behind cost audits. From what they are to why they matter, we’ll walk you through it all in simple, easy-to-understand language. Whether you’re […]
The concept of significant beneficial ownership under the Companies Act of 2013 has become a pivotal element in corporate governance and transparency. With the layers of various entities like companies or limited liability partnerships (LLPs), the Ministry of Corporate Affairs (MCA) introduced the idea of Significant Beneficial Ownership (SBO) Rules, which identifies those individuals who […]
India has a big economy and a lot of people, so it’s a great place for international companies to explore new opportunities. India is happy to have foreign companies wanting to set up their businesses here. To register a foreign company in India, you need to follow some rules and make sure you’re doing things […]
Section 263 of the Income Tax Act, 1961 serves as a key mechanism to ensure the proper and just administration of tax laws in India. This rule lets the Commissioner change any decision that seems wrong, harms the government’s money, or wasn’t properly checked. It gives the Commissioner power to fix any mistakes or if […]
The areas of mediation, insolvency, and bankruptcy frequently intersect within the worlds of business and finance, encompassing diverse legal procedures. The purpose of insolvency and bankruptcy frameworks is to effectively address financial difficulties and fulfil debt commitments, whereas mediation serves as a voluntary approach to resolving conflicts. This article explores the interrelationships between bankruptcy, insolvency, […]
All professionals and registered businesses may plan for compliance well in advance thanks to the GST calendar. To avoid paying late interest or penalties, all taxpayers are required by law to file their GST returns within the time frames specified by the GST laws. Let us discuss about GST compliance calendar for November 2023. Table of […]
In India, the Goods and Services Tax (GST) has significantly changed the taxation of many activities such as betting, gambling, casinos, horse racing, lottery, and online money games. It is critical to understand how GST (Goods and Services Tax) applies to these. This has consequences for both company and consumers. Taxes can be difficult to […]
MCA has decided to issue only one identification number to individuals for both the purposes of becoming a director and a designated partner to avoid duplication. With effect from July 9, 2011, the DIN is therefore integrated with the DPIN. Let us discuss Combination of DIN with DPIN. Table of Contents Overview of DIN and […]
Ensuring compliance with the Companies Act 2013 is essential for the seamless operation of a Private Limited Company. An annual compliance checklist serves as a comprehensive guide, outlining the statutory requirements and obligations that must be met by such entities. This checklist covers all the important things a company needs to do to follow the […]
When selling a non-residential property in India, it is important to understand Section 54 and 54F of Income Tax Act. These provide tax-saving alternatives when selling non-residential assets in India. Individuals can save money on taxes by reinvesting the sale proceeds in residential real estate. People who pay taxes can make smart decisions about buying […]
Gratuity is a reward for an employee’s long-term service. While it’s a gesture of gratitude, not everything is taxable. Gratuity is completely exempt for government employees in India. There are specific limits for private sector employees under the Income Tax Act 1961. Accurate knowledge will ensure that you take advantage of legitimate tax benefits. Let […]
An important step towards the registration of One Person Company under the Companies Act, 2013 is that it makes possible for one person to form a business and take use of the advantages of both a private limited company and a sole proprietorship. Following the Companies Act 2013, this idea became accessible. Supporting small business ownership and […]
Nidhi Companies and Cooperative Societies are two common choices for structuring and overseeing financial operations inside a community. Do you want to know how these two differ as well? Go on to read! Let us discuss about Nidhi Company and Co-Operative Society. Table of Contents What is a Cooperative Society? Characteristics of Cooperative Society What […]
Nidhi and Microfinance Companies work in diverse areas of finance, assisting different categories of people. Despite the fact that they both work in finance, their structures and purposes are very different. Knowing the distinctions between them is critical for those seeking financial assistance as well as investors. When comparing a Nidhi Company and Micro Finance […]
Understanding the main metrics to include in a pitch deck is critical for entrepreneurs seeking investment for their new ventures. A pitch deck is a presentation that comprises important information about your company and is intended to impress potential investors and secure money. You may have heard the term ‘pitch deck’ in entrepreneur groups or […]
Are you acquainted with the concept of indirect taxes? Manufacturers purchase the goods and pay taxes in the form of indirect tax. The production, sale, and import of commodities as well as the purchasing of products and services by individuals and commercial entities are charged in the form of indirect tax. Let us discuss the […]
The ITR-4 Form, also called Sugam, is a simple tax return form made for people and families in India who earn money from businesses or professions. It’s meant for those with a straightforward financial life, making tax filing easier. This form lets you report your business or job income, along with other earnings like salary […]
The Goods and Services Tax (GST) regime has significantly reshaped India’s taxation structure. All businesses operating in India are required to register and comply with its provisions. After all, there may be circumstances where GST registration cancellation becomes necessary. It can have an impact on export businesses also. This article deals with the implications of […]
One-person companies (OPCs) have emerged as a popular business structure in recent years, providing an opportunity for solo entrepreneurs to operate a limited liability company on their own. One Person Company’s registration is governed by the Companies Act, 2013, and has specific regulations concerning the number of directors they can appoint. In this article, we […]
Introducing the Ayush License in Rajasthan – a big step for better health! It shows how much the state cares about whole-body healing. This license helps people who work with Ayurveda, Yoga, Unani, Siddha, and Homeopathy. It connects old healing ways with new wellness ideas. The Ayush License wants to make sure that our minds, […]
Mumbai, the financial capital of India, offers vast opportunities for aspiring entrepreneurs looking to start their business ideas in Mumbai. Mumbai provides an ideal environment for launching innovative business ideas. In this article, we deal with various business opportunities in Mumbai, including zero investment options, profitable ventures with low investment, etc. After that we will […]
The ITR 1 (Sahaj) form is a simplified income tax return form for individuals with salary, one residential property, and other sources of income with a total income of up to Rs. 50 lakhs. Its goal is to simplify the tax filing process for salaried individuals, retirees, and small taxpayers by providing a simple way […]
Employers include a portion of employees’ salaries known as the House Rent Allowance (HRA) to help cover their rent bills. The Income Tax Act of 1961 allows for HRA tax deductions. To pay for your living expenses while renting a house, an individual can apply for House Rent Allowance. They are eligible to claim this […]
Changing circumstances and evolving business dynamics often require updates to the Limited Liability Partnership (LLP) agreement. An LLP agreement acts as a crucial document that governs the internal operations, rights, and responsibilities of partners, making it necessary to adapt to change for enhanced collaboration and streamlined decision-making. This article provides top tips for successfully updating […]
The legal structures play a vital role in determining how companies are established, governed, and taxed. In this Limited Liability Companies (LLC) and Limited Liability Partnerships (LLP) have gained significant popularity due to their flexible nature and liability protection. This article deals with the major distinctions between LLC and LLP in the context of the […]
The Rajasthan Shops and Establishment Act seeks to govern working conditions, employment, and other relevant issues in stores, commercial establishments, and residential hotels. It ensures that working hours, rest intervals, time beyond regulation, and the employment of young people are well regulated. The Act additionally includes regulations for workers’ health, protection, and welfare, which includes […]
Understanding the complexity of the GST system is critical for both businesses and people. The GST refund is a system designed to reduce the burden of excess tax paid. Getting a GST refund for your business is crucial, especially when you’re dealing with exports, dealing with inverted duty structures, or trying to get back the […]
Non-resident Indians (NRIs) frequently experience difficulties in managing taxes in India. TDS is a common source of anxiety for NRIs because it requires deducting a set proportion of revenue at the source. This article deals with how can NRIs avoid TDS on income generated from India, TDS on NRI property, and TDS exemption for NRI […]
GST is an indirect tax levied on the supply of goods and services in India. GST has brought various sectors under a unified tax regime. This article deals with the applicability of GST on accommodation services supplied by the Air Force in India. Table of Contents Overview of GST Accommodation Services by the Air Force […]
The validity of the sale deed ensures the legitimacy of the property transaction and protects both the buyer and seller’s rights. Potential concerns such as fraud or disagreements can be avoided by thoroughly examining the legitimacy of the sale deed, resulting in a secure and transparent procedure for all parties concerned. It is critical to […]
In India, obtaining a Company Registration Number (CRN) or Corporate Identification Number (CIN) is required for establishing a firm. The CIN is a unique identity provided by the Ministry of Corporate Affairs (MCA) that ensures legal recognition and aids in regulatory compliance. It functions similarly to a business’s identification card, validating its existence and allowing […]
A recurring deposit is a type of term deposit that is very popular among investors as a reliable savings or low-risk investment plan. This system offered by banks and financial institutions allows depositors to invest a fixed amount of money on time. In this article, we will discuss- What is recurring deposit. Table of […]
The Goods and Services Tax (GST) is an indirect tax that has revolutionized the way taxes are levied in India. The GST Composition Scheme is a taxation scheme for small businesses to reduce their compliance burden. This article deals with the GST Composition Schemes work. Contents Understanding the GST Composition Scheme Eligibility Criteria Benefits of […]
Protecting intellectual property has become vital for businesses of all sizes. One of the two intellectual property protections is trademark registration and design registration. They serve different purposes and cover different aspects of intellectual property. This article deals with the registration difference between trademark and industrial design and the important key provisions that should be […]
The adoption of the Goods and services Tax (GST) in India has changed the way groups and clients see indirect taxation within this current era. GST has end up a crucial thing of the United States of America’s economic framework, simplifying the tax shape, facilitating compliance, and fostering transparency. The digitization of the […]
Are you inquisitive to know about the income tax slab for senior citizens? Income tax is a crucial yet difficult part of managing your money in your later years. But after reading this article you won’t be left with any questions. In this article, we’ll explain the fundamentals of income taxation for seniors in […]
A Section 8 company is a type of nonprofit organization established under Section 8 of the Companies Act, 2013, in India. This seeks to further social welfare, the arts, sciences, education, religion, charitable causes, etc. Due to its rich cultural past and charitable traditions, the lovely city of Udaipur in the state of Rajasthan has […]
We are aware that Section 80C of the Income Tax Act 1961 allows for a tax deduction on life insurance payments. So, purchasing life insurance results in tax savings, and the Income Tax Act of 1961 mentions these advantages. Let’s examine the advantages of life insurance as they relate to Income Tax Sections 80C and […]
The GST has transformed the tax landscape in India since its implementation on July 1, 2017. This inclusive indirect tax regime has included multiple taxes, making the process simpler and more transparent. One of the important aspects of GST is the categorization of goods and services into different tax slabs, each carrying a specific rate. […]
The GST is an indirect tax introduced in India on 1st July 2017. It is a comprehensive, destination-based tax that has replaced multiple indirect taxes levied by the central and state governments. This article aims to provide a detailed guide on the GST registration process through the GST portal login. Contents Understanding the GST Registration […]
As the digitalization of businesses continues to gain momentum, the implementation of the E-Way bill system has revolutionized the movement of goods throughout India. The E-Way bill is an electronic document generated for the transportation of goods worth over INR 50,000, both inter-state and intra-state. Let’s explore how to generate an E-Way bill and the […]
The GST is an indirect tax that replaced multiple state and central taxes in India. The successful implementation of GST enhances the government to introduce the e-Way Bill System-GST, aimed at streamlining the movement of goods across state borders. The e-Way Bill System was introduced to improve transparency, reduce tax evasion, and make the transportation […]
A GST invoice is an important record in the Indian taxation system that acts as actual evidence of the transaction of goods and services. It has the legal status of a legal document and is an important component of India’s Goods and Services Tax (GST) regime. This paper contains detailed information regarding the transaction, including […]
GST is regarded as one of the significant revisions to the tax levied on goods and services proposed by the Indian government. Everyone who reads this article knows what is GST and how many types of GSTs in India, including the CGST, SGST, IGST, UTGST, and Compensation Cess. Contents GST and Types of GST in […]
Staying informed about the status of your Tax Deducted at Source (TDS) refund is critical if you have been looking forward to it. Fortunately, tracking the progress of your TDS return has been simplified and streamlined. You may quickly acquire this information and ensure a seamless and hassle-free experience by using online platforms and official […]
Filing your income tax returns (ITR) every year is really important. You have to be careful and follow some rules. It is critical to file your income tax returns (ITR) every year. You must use caution and adhere to certain guidelines. It can be difficult to keep up with all of the current changes, but […]
GST is an indirect tax system introduced in India in 2017 to streamline the country’s taxation structure. All businesses involved in the supply of goods or services are required to register for a unique GSTIN (GST Identification Number) as per GST rules. This article deals with How to Apply for GSTIN Online, how to apply […]
Have you Missed deadlines for tax proof submission? Don’t get too worked up just yet. If you’ve missed an important tax deadline, don’t worry too much. There’s still time to fix it, but you need to act fast. Start by talking to your boss or a tax expert to figure out what you can do. […]
GST is a comprehensive indirect tax charged on the supply of goods and services throughout the country, aimed at creating a unified market and simplifying the tax regime. This article explores the impact of GST on insurance, covering aspects such as insurance policies, premiums, claims, input credit, and vehicle insurance. Table of Contents Understanding the […]
Section 194A of the Income Tax Act, 1961, also known as TDS on FD under Section 194A (Tax Deducted at Source on Fixed Deposits), is an important law governing the taxation of interest income obtained from Fixed Deposits in India. This clause requires financial institutions, such as banks and post workplaces, to deduct a hard […]
Section 80C of the IT Act, 1961 gives taxpayers a variety of deductions to reduce their taxable income. This article aims to provide an understanding of Section 80C, its legal applications, provisions, and the various investments and expenses that qualify for tax deductions under this section. It also highlights the maximum deduction limit, the 80C […]
Deductions allowed under the New Tax Regime. Every year, governments worldwide make amendments to their tax regulations, aiming to streamline the tax structure and maximize revenue generation. The article focuses on the key deductions in the new tax regime. The aim of the article is to provide a comprehensive overview of the changes and insights […]
Imagine your income tax journey as a puzzle, and one crucial piece of that puzzle is Loss Set Off. Loss set off under the Income Tax Act, 1961 might sound complex, but it’s essentially a way to balance the scales when you’ve faced financial losses. In this blog, we’ll get to know about the loss […]
The NPS (National Pension Scheme) came into force to provide individuals with a consistent source of income during their retirement years. It is a long-term investment and provides various tax benefits of NPS. Understanding these advantages might assist consumers in making sound decisions about their retirement funds. This article deals with the NPS tier 2 […]
A Tax Saving Fixed Deposit (FD) is a specific financial instrument provided by banks and financial institutions in several countries, including India, to assist individuals in lowering their taxable income while encouraging saves. A Tax Saving Fixed Deposit is a financial product that allows individuals to invest a set sum for a set length of time, […]
To start a new journey of setting up a proprietorship firm in Sikar, Rajasthan. There is a need to know about the registration process for proprietorship firms in Sikar. Sikar is a vibrant place and fast-growing city in Rajasthan and starting a venture is one of the great decisions. In this article, we will provide […]
Tax planning is a crucial aspect of financial management that focuses on strategic decision-making to mitigate tax liabilities within the framework of the law. It involves a careful analysis of tax laws and regulations to ensure compliance while minimizing tax payments. This article aims to provide a comprehensive overview of tax planning: Everything You Need […]
In the Income Tax Act, 1961 sources of income are classified and talk about the five forms of income. Other sources of income are distinct from the other four sources of income such as salary, property, business or profession, and capital gains. This article deals with income from other sources, its types, and tax rates. […]