If a company is making profit then they provide it to the company’s shareholders which is known as dividend. Dividend is income for shareholders that’s why it is taxable in the hands of tax payer. Though, Income tax act 1961 provides exemption of dividend which is receive from an Indian company by inflicting a tax which is called as dividend distribution tax which will be on the company who is… Read More »Dividend Distribution Tax
A house property can be anything whether it is your house, your shop or office, and also can be a building. The income tax does not differentiate between any of your commercial place or your house where you live. All the properties are taxed by income tax department under this head. An owner is a legal owner for the objective of income tax, owner is someone who can make use… Read More »Income from House Property
In our entire life there are various situation when our family needs emergency funds. If invested at the right time in life insurance, it could provide benefit at a later stage of life. Individuals often take an insurance so that they can protect their families from financial worries in their absence. Right life insurance doesn’t only help obtain financial security for the family but also eases the individual mentally. When… Read More »Worried About Your Family’s Future? Here’s How Life Insurance Can Help
Under GST the Composition Scheme is simple scheme for small taxpayer. They can get relaxation from formalities of monotonous GST and can pay tax at a fixed rate of Turnover too. This composition scheme is applicable only to those persons whose turnover is not exceeding INR 1.5 Crores. What is the Eligibility for Composition Scheme? A taxpayer whose turnover is less than INR 1.5 Crores can go for composition scheme,… Read More »Composition Scheme under GST – Eligibility, Tax Rate, Conditions
As we all know, in India, there are lacs of NGOs are registered to do social welfare activities. An NGO can be registered in the form of Trust, Society & Section 8 Company with MCA i.e. Ministry of Corporate Affairs. Each year numbers of new NGO’s are registered but because of unawareness of activities and proceedings to be done after registration mostly even do not able to start even single… Read More »Mandatory Registrations for NGO |Society |Trust
Because of digital technology, doing business across the globe is now easier. Way of doing business nowadays has extremely changed today. Advertising agencies now use various approaches to their marketing campaigns. To get leads for their client and create and reach more customers. With the innovation of Internet Marketing or we can say it digital marketing, small businesses now find it easier to acquire more business partners and customers. As… Read More »Importance of Internet Marketing to Small Businesses
In Dividend income, payment and reporting there has been big and important changes occurred during the last and current financial year with increased taxation in the hands of the recipients and increased reporting requirements. Nowadays investment in shares and securities has become a favorite of most people and as a result many people have dividend income. Let’s go through some of the major changes in dividend. 1) Taxation of dividend… Read More »All about Dividend Income, Payment and Compliances
Business risk is defined as the factors that will lower company’s profits or lead to its failure. Business risk can happen because of internal as well as external factors of company. It is practically not possible for a company to completely shelter itself from any kind of risk. The only way is to reduce the overall risks associated with the business by creating a strong risk management strategy. The type… Read More »What is a Business Risk and How can it be identified?
Today We will discuss very interesting topic in case of Futures & Options and share trading tax audit is applicable or not- There are two types of share trading- Delivery based Non-delivery based First of all, let us discuss Delivery based transactions- In case of delivery-based transactions what is the Meaning of ‘turnover’- In case of delivery-based transactions when we buy any commodity including stocks & shares and hold it… Read More »Tax Audit In Case Of Futures & Options (F&O) and Share Trading
For Indians, Investing in a house property is common and popular. Many NRIs having own house properties in India and they also sell them. In such cases besides finding a buyer, it is also essential to understand the tax implications in case of sale of property by an NRI, particularly TDS (Tax deduction at source) provisions. If you don’t then a huge portion of sales consideration may get blocked in… Read More »Sale Of Property By NRI – How To Save Huge Amounts Getting Blocked As TDS