Definitive Tax on Sale of Gifted Property in India: Latest Capital Gains Rules, Exemptions and ExamplesThe tax on sale of gifted property is one of the most misunderstood areas in…
Income Tax Implications for NRI Selling Property in India (Updated Easy Guide)Non-Resident Indians selling property in India face mandatory tax deduction, complex capital gains computation, surcharge exposure, and foreign remittance…
Introduction: Over the past decades, the growing concern over climate change, energy independence, and securities of energy supply have accelerated the path to the decarbonization of the transport sector. this…
Taxation of individuals in India is primarily based on their residential status in the relevant tax year. The taxability of an individual in India depends upon his residential status in…
Dissolution of a Partnership Firm: Dissolution of the partnership firm refers to the situation where all the relation between a firm and its partners comes to an end. It is…
In simple terms, A resolution is a decision of a firm for doing an Act. The company’s decisions are made by passing a resolution. A resolution is just an agreement…
Introduction Due to unawareness, many taxpayers commit mistakes in GSTR 3B and GSTR 1 while filing the GST Return. In this article, we will discuss “how to correct mistakes in…
Agriculture is the primary source of livelihood and source of income for about 58% of India’s population. As we all know that income which is received from agricultural activities know…
Why Capital Gain Account Scheme? To encourage the reinvestment of capital gains/net consideration the Indian government introduced the capital gain account scheme in 1988. the Indian government provided tax relief…
1. Overview: GST on Commercial Property Rent in India : - GST on Rental Income from Commercial Property is a recurring compliance issue faced by property owners, investors, and tax…
In this article we have discussed all about HUF in India.The business carried out by the members of a Hindu undivided family as joint Hindu family business. HUF is a…
How to claim exemptions from Long Term Capital GainsLong Term Capital Gains are defined as profits on sale of assets (movable or immovable) which have been held for:3 years or…
TDS on purchase of goods u/s 194Q
GST refund is a procedure in which a taxpayer wants to get the amount, which is in excess of the GST liability, refunded to his/her account.