Are you wondering if you need to file an Income Tax Return (ITR) this year? The Seventh Proviso to Section 139(1) might have you covered, even if your income is below the taxable limit. Confused?...
Are you an industrial property owner facing compulsory acquisition? Don't let your hard-earned money slip away! Section 54D of the Income Tax Act offers a golden opportunity to save on capital gains....
Feeling overwhelmed by the complexities of tax laws? You're not alone. Section 115JC of the Income Tax Act, which deals with Alternative Minimum Tax (AMT), can be particularly puzzling. But don't...
Are you looking to save on taxes after selling your residential property? Section 54 of the Income Tax Act might be your golden ticket! This powerful provision offers a capital gains exemption that...
Are you looking to invest in gold without the hassle of physical storage? Sovereign Gold Bonds (SGBs) might be your golden ticket! But wait, what about taxes? Don't worry, we've got you covered. In...
Are you navigating the complex world of Indian business registration? Look no further! Our essential guide to Corporate Identification Number (CIN) is here to demystify this crucial aspect of company...
Form 12BAA, introduced by the Central Board of Direct Taxes (CBDT), allows salaried individuals to declare non-salary income sources and corresponding tax deductions (TDS) or collections (TCS) to...
When it comes to tax deductions, home loan interest has long been a valuable benefit for homeowners. However, with the introduction of the new tax regime under Section 115BAC, there are significant...
Corporate tax planning is a critical component for businesses operating in India, aiming to minimize tax liabilities while adhering to legal frameworks. This guide will explore the key aspects of...
eMitra is a groundbreaking initiative launched by the Rajasthan government in 2002. It serves as a comprehensive portal offering a wide array of government services under one roof. The goal is to...
A Business Registration Number (BRN), also known as Sanstha Aadhaar Number (SAN) for non-profit entities, is a unique identifier issued to businesses and organizations in
Company law encompasses various types of companies, each with distinct characteristics and legal implications. Understanding these different types is crucial for entrepreneurs, investors, and legal...
In today’s dynamic business landscape, cost management accounting plays a crucial role in ensuring that organizations remain profitable, competitive, and sustainable. It goes beyond traditional...
The Government of India offers tax deductions to help disabled individuals reduce their financial burden. Section 80U of the Income Tax Act provides specific deductions for resident individuals...
In a company, key decisions are made by the board of directors through resolutions. These resolutions represent agreements made by the company's members during meetings and involve critical...
Converting a Limited Liability Partnership (LLP) into a Private Limited Company involves a process that is detailed and governed by the rules and laws in India, notably under the Companies Act, 2013,...
Have you ever wondered why TDS was deducted from your expense reimbursement? Let's break down when TDS applies to these reimbursements, especially in cases involving non-residents, contractors, or...
Section 45(5A) of the Income Tax Act, 1961, was introduced by the Finance Act of 2017, addressing a major challenge faced by individuals and Hindu Undivided Families (HUFs) involved in Joint...
Navigating taxes doesn't have to be a daunting task, especially with a solid grasp on essential sections, like Section 112A of the Income Tax Act in India. This section holds particular relevance for...
Earning income from private tuition classes is common among educators and professionals who wish to supplement their income. But how do you report this income in your Income Tax Return (ITR)?...