Angel Tax: Exemption, Rate, and Example
If you're an entrepreneur, you've likely come across the term "Angel Tax." Under Section 56(2)(viib) of the Income Tax Act, Indian startups were required to pay tax on certain investments.…
How to Register a Private Trust in India
Understanding the process of private trust registration is essential for securing legal recognition and associated benefits. This guide outlines the necessary steps to ensure a seamless registration process in India.Why…
MCA Change Request Form (CRF)
The Ministry of Corporate Affairs (MCA) has introduced the Change Request Form (CRF), a web-based tool designed to address exceptional scenarios where existing forms or services within the MCA-21 system…
How to Change Registered Mobile Number or Email ID on the GST Portal?
Changing the registered mobile number or email ID on the GST portal is a straightforward process. The method you follow will depend on the number of authorized signatories associated with…
How to Dissolve a Hindu Undivided Family (HUF) Deed?
Taxpayers belonging to Hindu, Jain, Buddhist, and Sikh communities can often take advantage of a strategic tax-saving mechanism by forming a Hindu Undivided Family (HUF) with their family members. This…
Statutory Audit Checklist
Statutory Audit Checklist: The Ultimate Guide
Introduction to Statutory Audit|Statutory Audit Checklist A statutory audit is an independent review of a company's financial records to ensure compliance with statutory and regulatory requirements. It is mandatory for…
Why Hiring a Local Chartered Accountant is Essential for Hassle-Free Tax Filing
The Income Tax Act of 1961, which governs the Indian tax system, mandates taxpayers to disclose detailed financial information, including their income, deductions, and investments, while filing taxes. The process…
Long-Term Capital Gains(LTCG): Tax Rates, How to Calculate, Exemptions and Examples
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…
Section 80GG Deduction on Rent paid
Section 80GG Deduction on Rent paid
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…
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…
K M GATECHA & CO LLP-CA in ahmedabad
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 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…