How Are Gifts Taxed
How Are Gifts Taxed? - Gift Tax Exemption Relatives List Under the Income Tax Act, gifts are considered a part of income. If the value of the gift crosses a…
Income Tax Notice Under Section 142(1) of the Income Tax Act
Income Tax Notice Under Section 142(1) of the Income Tax Act Once you complete the e-filing of your income tax return, the Income Tax Department begins the process of assessment.…
Section 115BAA – Reduced Corporate Tax Rate for Domestic Companies
Section 115BAA, introduced with effect from FY 2019-20, allows domestic companies to opt for a lower tax rate. Under this provision, companies can pay tax at 22%, along with a…
Taxation of Foreign Source Income
Taxation of Foreign Source Income Foreign source income refers to earnings that originate from a country outside India. For residents of India, such income is fully taxable, while for non-residents,…
The Hidden Value of Startup Consultants: How We Help You Secure Funding, Build Teams, and Scale
The Hidden Value of Startup Consultants: How We Help You Secure Funding, Build Teams, and Scale With rising economical development, start-ups in India are booming. A sharp rise can be…
What Documents Are Needed for Company Registration? A Consultant’s Checklist
Beginning a business is exciting! Isn't it? However, before diving deep into the operations, it is important to register your company. Company registration is the most important task that one…
Received an Income Tax Notice? Here’s What You Should Do!
Received an Income Tax Notice? Here’s What You Should Do! In recent times, the Income Tax Department has been sending a large number of notices to taxpayers due to the…
The Ultimate Guide to Choosing The Right Startup Advisory Services
The Ultimate Guide to Choosing The Right Startup Advisory ServicesDo you know that starting a business is exciting as well as full of challenges?Many new startups some up with unique…
The Role of Import Export Consultants in Building a Profitable Global Business
Do you own a business in India?Are you dreaming to expand your business overseas?Expanding a business beyond local borders is a big dream of almost every entrepreneur. Starting an import-export…
Section 87A: Income Tax Rebate Explained
A rebate is a tax benefit given to resident individuals whose income falls within a specified limit. Section 87A of the Income Tax Act offers this relief to taxpayers in…
Belated Return – Section 139(4): Penalty & Filing After Due Date
If you missed the deadline for filing your income tax return, don’t worry — you can still file it later as a belated return. While this option comes with a…
Start Your Business with Private Limited Company Registration in Ahmedabad
At KM Gatecha & Co LLP, we make Private Limited Company Registration in Ahmedabad simple, fast, and 100% compliant. From name approval to incorporation and post-registration compliance, our expert Chartered…
Getting ESOPs as Part of Your Salary? Here’s What You Should Know About ESOP Taxation
ESOPs are becoming increasingly common in India, especially with the rise of startups and global companies offering them to their employees here.An ESOP (Employee Stock Option Plan) is a benefit…
Smart Ways for NRIs to Avoid High TDS on Property Sale in India (FY 2025–26)
Smart Ways for NRIs to Avoid High TDS on Property Sale in India (FY 2025–26) When an NRI sells property in India, the buyer must deduct TDS (Tax Deducted at…