How to File E-Form 15CA and 15CB?
How to File E-Form 15CA and 15CB? Handling compliance related to foreign remittances can often feel overwhelming. The involvement of cross-border transactions adds an extra layer of complexity, making the…
Credit Monitoring Arrangement ( CMA ) – Overview & Documents Required
Credit Monitoring Arrangement ( CMA ) - Overview & Documents RequiredThe Credit Monitoring Arrangement (CMA) report has been in practice since October 1988. Before its introduction, from 1965 to 1988,…
Angel Tax Exemption – Eligibility, Declaration, and Application Process
Angel tax is a levy imposed on startups in India when they receive investments exceeding their Fair Market Value (FMV), as specified under Section 56(2)(viib) of the Income Tax Act.…
TDS On Rent u/s 194-IB, Filing Form 26QC Explained
TDS On Rent u/s 194-IB, Filing Form 26QC ExplainedOverview: Form 26QC is a challan-cum-return form used for reporting transactions subject to TDS on rent under Section 194-IB. This section is…
Trademark Registration Online Process & Procedure for Brands in India
Trademark Registration Online Process & Procedure for Brands in IndiaTrademarks are distinctive symbols, designs, images, or phrases used to identify and distinguish a company's goods or services. They play a…
GST Refund on Cancellation of Flat or Service Contract – Complete Guide
GST Refund on Cancellation of Flat or Service Contract – Complete GuideThe 48th GST Council meeting, held on December 17, 2022, addressed the issue of GST refunds for buyers in…
Board Resolution for change of registered office
Board Resolution for change of registered officeWhat is a Registered Office?The registered office is the official address of a company recorded with the Registrar of Companies (RoC). It’s where the…
Know Your TAN: How To Get Tan Number & Download TAN Certificate
Online TAN Number Application for buying NRI property in IndiaWhen a person buys property from Non-Resident Indian (NRI) in India, tax deduction at source (TDS) becomes mandatory under the Income…
How to Choose the Right ITR Form for FY 2023-24 (AY 2024-25)
How to Choose the Right ITR Form for FY 2023-24 (AY 2024-25)Filing your Income Tax Return (ITR) correctly is crucial, and understanding which form to use can make the process…
Taxation of Seafarer/Merchant Navy in India
Taxation of Seafarer in India Taxation of seafarers in India has historically been one of the most misunderstood areas under Indian income tax law. The complexity arises from the interplay…
Taxability
Taxability of Health Care services under GST
India is the biggest maker for generics. In terms of volume and value, the nation's pharmaceutical industry is currently third largest in the world. The demand for better healthcare services…
Taxability on Sale of Agriculture Land under Income Tax Law
Taxability on Sale of Agriculture Land under Income Tax Law
The transfer of a capital asset is considered a capital gain or loss, depending on the circumstances. The charging section of the Income Tax Act of 1961, Section 45(1), states…
Life Insurance Policy
Section 10(10D) Exemption towards amount received under a Life Insurance Policy
We are aware that the life insurance policy comes with a number of benefits, one of which is a tax benefit. The tax benefit can be taken as a tax…
Companies Act
Right Issue of Shares under Companies Act,2013
Background: In accordance with Section 62(1) of the Companies Act of 2013, if the company decides to issue new shares, those shares must be made available to existing shareholders in…