The CBIC (Central Board of Indirect Taxes and Customs) vide notification no. 94/2020 on 22nd December, 2020 has introduced new
NRE account is also known as Non Resident External (NRE) account is referred as INR denominated account. Foreign currency earnings
Micro, Small and Medium Enterprises is also known as MSMEs are the backbone of Indian economy. MSME operating in various
Taking a home loan can help you save tax according to the provisions of the Income Tax Act, 1961. In
Starting a business or any new adventure requires money, money is like a fuel to any kind of business. You
A person who have applied for a loan would be well aware of a credit score, but first-time loan appliers
Any business can be classified as Micro, Small or medium Business. You can take a look on the table in
Goods and Service Tax is Levy in accordance with the concept of supply. As per the CGST Act’ 2017- section
Tax Deduction & Collection Account Number U/S 203A of Income Tax Act, 1961 Every person, deducting or collecting tax, who
The laws of taxation offer a presumptive scheme of taxation for few professionals. In this article we will discuss about
Finance Act 2020 has made important amendments to the taxation of dividends. With these amendments the general concept that dividends
We all know that an individual’s income from salary, rental income & business income is subject to tax. But what
Affiliate marketing is an advertising form in which a company compensates third-party publishers to generate traffic or leads to the
Section 206AA has been introduced to endow that any person whose receipts are subject to deduction of tax at source
Robotic Process Automation (RPA) has become one of the fast-growing concepts in globe where the world economy and market climate
MSMEs a.k.a. Micro, Small and Medium Enterprises are considered to be the backbone of the Indian economy considering their valuable
What is the applicability? With effect from 1st July, 2021; On aggregate value of purchase exceeding INR 50 lacs from
Section-194Q (Tax Deducted at Source (TDS) On Purchase of Goods)-In this article we will know what clarification CBDT provide on
There are various reasons for the current global platform to get focused on the environment, social & cultural causes. The
The Finance Act 2021 has introduced two new changes in rules relating to TDS (Tax deducted at source) or TCS
In a month ago, Country was in requirement for a lot of medicine, equipment supplies and now the vaccinations. There
Section 8 Company is Company built with the purpose of promotion of commerce, art, science, sports, social welfare, religion, charity,
The Goods and Service Tax (GST) is a value-added tax inflicted on the supply of non-exempted goods and services. GST
HSN and SAC Code are compulsory In Invoice &Form GSTR-1 with effect from 01 April 2021 We are discussing here
Registration of DSC (Digital Signature Certificate) is pre-requisite for any Trademark Agent / Attorney, in order to be able to
FSSAI (The Food Safety and Standards Authority of India) makes FSSAI license Number mandatory for food businesses to communicate FSSAI
E-Form INC-20A is needed to be filed Pursuant to Section 10A (1) (a) of the Companies Act, 2013 and Rule
Forex Transactions is a term which leads to transferring funds from one country to another. There could be various reason
The following would not be recognized as ‘transfer’, and thus, no capital gain to be arise on the same: -Any
Every registered person whose turnover during a FY exceeds the prescribed limit of INR 2 crores shall get his/her accounts
As per 43rd GST Council meeting which was held on 28 May 2021, we are going to do analysis of
In the Budget 2021-22, a new section 194Q introduced which will be effective from 1st July 2021. In order to
Section 206AB and section 206CCA were proposed in the Finance Bill 2021. These sections provide for a higher deduction of
The Finance Ministry has brought a ‘New Taxation Regime’ to simplify the Income Tax Act. There is prevailing confusion as
In this pandemic time many companies coming ahead and helping by donating oxygen concentrator, Ventilators, make COVID centres available to
According to the Income-tax Act, a person engaged in business or profession is needed to maintain regular books of account
PPF also known as Public Provident Fund is the schemes started by the central government from year 1968 for the
Charge according to the Companies Act, 2013 – section 2(16) refers to interest creation or a right on a property/asset
Tax planning comes under financial planning. It is difficult to avoid taxes, you can strategies to lower the tax outgo
Chapter VI-A of section 80C clarify about complete information about deductions from Gross Total Income. It is important to note
GST has been introduced on 1st July 2017, India has moved towards a single indirect tax regime for goods &
The Government of India has provided certain exemptions on purchase or construction of house property which are inducted in the
As we are aware that income of Individuals/HUFs are taxable according to the progressive tax slabs. The maximum rate of
The Government has increased the deposit threshold limit to INR 5 lacs per annum in the provident fund for which
Under Income tax law the concept of Revised Return is dealt in section 139(5). Now the question is what is
Any service or business sector or manufacturing industry can claim additional deduction of 30% of salary paid to their additional
Major Change in GST to be executed in GSTR 1 filed from 01st May 2021 onwards. 01st April 2021 marked
Who is responsible to deduct tax under section 194LBA? An individual who makes payment of income according to the section
The Income Tax Act- section 54 endows exemption for ‘Long Term Capital Gain’ arising on sale of residential property. Let’s
To lower the burden of tax compliance on MSME entities, Government has introduced QRMPs with effect from 01 Jan, 2021.
