Financial strategies for non-profit organizations to consider For any business, whether it's focused on making a profit or not, financial stability is crucial. It's even more important than just earning…
ITR Filing: Tax exemptions and deductions available for senior citizens The income tax filing season for the fiscal year and assessment year has commenced. Seniors are entitled to substantial tax…
How to File Income Tax Return as a Freelancer India is the second fastest-growing freelance market globally. Freelancing has become more rewarding, thanks to favorable tax rules and savings opportunities…
Understanding Taxation on E-Commerce Transactions under Income Tax and GST (with Practical Examples) E-Commerce transactions are affected by several tax rules under Income Tax and GST. The government has introduced…
Registration of Shops and Establishments in Ahmedabad The Gujarat Shops and Establishments Act of 1948, earlier called the Bombay Shops and Establishments Act, started on 11 January 1949, following suggestions…
What is a Private Limited Company? A private limited company is a business structure typically used by small businesses. In this format, ownership is restricted to a limited number of…
A Valuation Certificate is an essential document that determines the value of a company or an asset. It is provided by a certified valuer after performing a detailed valuation. This…
Long-Term Capital Gains(LTCG): Tax Rates, How to Calculate, Exemptions and Examples Profits or gains resulting from the sale or transfer of capital assets, including property, shares, bonds, and vehicles, are…
You can cancel your GST registration if your business is no longer subject to GST rules, you are closing down your business, or if a tax officer initiates the cancellation.…
Leave Encashment - Tax Exemption, Calculation & Formula With Example, Rules Have you heard of the term ‘leave encashment’? Leave encashment is a familiar concept among salaried individuals, allowing employees…
Introduction To Transfer Pricing In India Transfer pricing regulations in India encompass both domestic and international transactions that surpass a specified threshold in terms of transaction value. The provisions for…
Transfer pricing in India refers to the pricing of transactions between associated enterprises, particularly cross-border transactions between entities belonging to the same multinational group. Indian transfer pricing law requires covered…
Rationalisation of the provision of Charitable Trust and Institutions The income earned by funds, institutions, trusts, universities, educational institutions, hospitals, or medical institutions falling under sub-clause (iv), sub-clause (v), sub-clause…
Tax Liability Of A NRI In India, an individual's tax responsibility depends on their residential status, categorized into three types according to the Income Tax Act 1961: Resident (ROR) Resident…