Section 50 – Capital Gain on sale of depreciable assets
The income derived from selling a capital asset included in the block of assets on which depreciation has been permitted according to the Income Tax Act constitutes a capital gain.The…
Taxation of Charitable/Religious Trust
Taxation of Charitable/Religious Trust
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,…
Short Payment & Short deduction TDS defaults-Problems & solutions
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 the assessee…
What MSME should do for recovery of their Delayed Payments?
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…
All about taxation of capital gain in India
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'…
All about statement of financial transaction and reportable accounts
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…
All about applicability of Income Tax to NRI
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 pay is determined…
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Tax implications for Indian investing in US stock market
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…
All about tax benefits of Mediclaim premium, health expenses, and Life insurance premium
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…
GST on sale of fixed assets
GST on sale of fixed assets
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…
All About the Equalisation levy
All About the Equalisation levy
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.…
All about Registration Cum Membership Certificate (RCMC)
All about Registration Cum Membership Certificate (RCMC)
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…
Indian payroll taxes and statutory compliances
Indian payroll taxes and statutory compliances
In this manual, you'll discover the fundamentals of Indian payroll taxes and statutory compliances, including why it's important, how to execute it, what a good payroll process looks like, and…