Understanding TDS on Sale of Property in India by NRIs Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs), and Overseas Citizens of India (OCIs) frequently invest in real estate across…
LLP Audit Applicability: Importance and Requirements Limited Liability Partnerships (LLPs) in India are a popular business structure due to their operational flexibility and the benefit of limited liability. As per…
How to Download Form 26QB and Fill Online What is Form 26QB? Form 26QB is an online challan-cum-declaration form required when a buyer purchases an immovable property (such as a…
TDS on Property Purchase Above ₹50 Lakhs – Section 194IA Purchasing real estate in India for a value of ₹50 lakhs or more requires the buyer to deduct Tax Deducted at Source (TDS)…
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 Once you complete the e-filing of your income tax return, the Income Tax Department begins the process of assessment.…
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 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 With rising economical development, start-ups in India are booming. A sharp rise can be…
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! 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 ServicesDo you know that starting a business is exciting as well as full of challenges?Many new startups some up with unique…
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…
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…