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In India, trusts established for charitable purposes and certified by the Income Tax Department are not only exempt from paying taxes, but contributors to such trusts can deduct the amount donated to the trust from their taxable income. Moreover, in India, philanthropic activities include "relief of the destitute, education, medical…

The Representation of the People Act, 1951 governs political groups in India (RPA). A certain organization of Citizens as well as group of particular Indians claiming to be a political entity must apply towards the Election Commission to be recognized as a political group as per Section 29A of a…

  While the European Union, NATO, the United Kingdom, and the United States have announced stringent trade restrictions; and sanctions against Russia, our Hon'ble Prime Minister Sh. Narendra Modi has already begun his strategic action plan to evacuate the stranded 20,000 Indians, including students; in war-torn Ukraine, either by airlift…

Over the last two decades, India has undergone tremendous industrial progress. As a result, foreign direct investment is increasing in the country (FDI). This has inspired non-resident Indians (NRIs) to regard India as a potential investment and profit-making destination. Every day, the Ministry of Corporate Affairs makes the country more…

Do you own a computer? Do you use it for your personal use or for business purposes? Yes, if you own a computer, you should be awareof thedepreciationrate on Computer Accessories and Peripherals.So, if you are using it for business than while calculating taxable business income assessee can claim deduction…

Introduction Most business owners are aware that trade marking is a vital initial step in beginning a company, but how much do you know about Trademarks in particular? It's critical to grasp the ins and outs of Trademarks and Trademark protection in order to safeguard the brand you've worked so…

Money isn't everything; however, it is a critical component in the life of an individual. Money helps us reach our life's ambitions and supports – the things we care about most passionately - family, education, health care, charity, adventure, and pleasure — in addition to meeting our fundamental requirements. It…

The rate of change of the value of the currency in a country is usual event that takes place due to floating exchange rates; this is the case for the majority of big economies. Exchange rates are influenced by a variety of variables, such as a country's economic performance, inflation…

When filing your ITR return or contacting the Income Tax Department, you may come across the phrases PAN and TAN. Understanding these words ahead of time makes the ITR filing process much easier. The question "What are PAN and TAN?" will be discussed in this article. We'll also figure out the difference between…

Did you realize that the estates of the deceased might be taxed? It may sound strange that a deceased person's income tax returns must be submitted if he/she has taxable income. His legal heir/representative is responsible for filing the return on his behalf for the income generated till death. The…