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Rent receipts scanned under income tax scanners are subject to tax scrutiny and have received a lot of attention in recent years. Tax authorities have become more cautious in assessing the accuracy and authenticity of taxpayers' rental compensation claims. The purpose of this article is to examine the rent receipts…

Capital Gain Tax is a type of tax structure under which an individual has to pay on the sum amount of money earned by him when he sold any of his assets. This form of tax applies to both Indian Nationals and Non-Resident Indians (NRIs). For Indian Nationals and NRIs,…

  Delhi is a bustling capital city of India, and running a Private Limited Company means coming up with a bundle of opportunities and responsibilities. At the heart of business and commerce, Delhi offers immense growth potential, but it also demands several compliance regulations for the Private Limited Companies in Delhi.…

In the complicated world of business governance, it is very important to keep things open and honest. The Ministry of Corporate Affairs (MCA) in India set up the DIR-3 KYC (Director's KYC) annual compliance to make sure that company leaders are held accountable, and that accurate information is kept about…

Do you know about the new tax regime proposed in the Union Budget 2023? The income tax slab's most recent modification demonstrates how the financial world is always evolving. A few modifications have been announced for the income tax bracket rates under the new tax framework in the Union Budget…

Food safety and regulatory compliance are very important for every food industry operator in Rajasthan. The Food Safety and Standards Authority of India (FSSAI) plays a vital role asit oversees and supervises the whole Indian food industry. It is a self-governing agency which is established by the Government of India's…

Have would a self-employed person operate his tax? Self-employment has several advantages to offer. Few deductions are available for savings and self employed expenses for those who are salaried, and the government denies a sizeable portion of their pay. However when compared to salary or rental incomes, self-employment income has enormous…

Smart taxpayers file and pay taxes on time and know various ways to save money on taxes. The Indian government offers several tax exemption and deduction policies to help people save taxes. However, only a few people know about it. For example, many people claim income tax deductions for home…

Do you know the importance of filing Income Tax Return (ITR) on time? Reasons you need to file ITR on time offers numerous benefits; including reducing the likelihood of errors, avoiding late filing penalties and ensuring faster tax refunds. In addition, early filing gives taxpayers more time to correct errors…

A crucial step in India's firm winding-up procedure is the appointment of a liquidator. The task of allocating the company's assets to its creditors and shareholders is delegated to a liquidator. However, situations can occur when a corporate liquidator needs to be fired and replaced. This note explores the legal…