Beneficent/strict trusts are the trusts which are shaped with a target of giving help to poor, instruction, clinical alleviation, safeguarding of climate/landmarks , headway of objects of overall population utility,…
Cash transactions (Cash sale limit) are not restricted by the CGST Act of 2017, but the Income Tax Act of 1961 periodically imposes restrictions on cash receipts, payments, and withdrawals…
Section 80GG Deduction on Rent paid Rents paid are subject to deductions: Under Segment 80GG, an Individual can guarantee allowance for the lease paid regardless of whether he get HRA. Under…
Hello Folks!! In this blog, we are going to discuss about the Short Payment & Short Deduction TDS defaults-Problems & Solutions. These days TDS has become a nightmare both for…
Harshita: A Character from Fiction Krishna, a lot of suppliers are not paying MSMEs on time, which is putting MSMEs under a lot of stress right now and putting them…
Hello Folks!!Today, we are going to discuss about the taxation of capital gain in India.What is Capital Gains Tax In India?Any profit earned from the sale of a 'capital asset'…
Searching for the statement of financial transactions & reportable accounts??Then, you’ve come to the right place!!We have discussed all things below.Basic Provisions (statement of financial transaction)Under Section 285BA of the…
Hello Folks!! Today, we are going to discuss about the applicability of Income tax to NRI. So, Let’s begin! In India, the amount of taxes an individual is liable to…
Indian investors have the option of investing in the US stock market. Tax implications for Indian investing in US stock market continue to be a major concern for Indian investors looking…
You can receive two benefits for the price of one if you have health insurance. They provide you with the much-needed financial security you require in the form of a…
Fixed assets are assets or items purchased for long-term use. Immovable properties such as buildings and land, as well as equipment such as machinery, computers, and so on, may be…
The Indian IT sector has grown dramatically in the last decade or so because of the global increase in IT usage. Equalisation Levy is nothing but Taxing Cross-Border E-commerce transactions.…
An RCMC certificate validates that an exporter is exporting goods from India and has registered with a certain Export Promotion Council (EPC). In this article, we will learn “All about Registration…
