Read more about the article Tax benefits on purchase of Electric Vehicle in India
Tax benefits on purchase of electric vehicle in India

Tax benefits on purchase of Electric Vehicle in India

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…

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Read more about the article Residential Status as per Income Tax Act, 1961
Residential Status as per Income Tax Act, 1961

Residential Status as per Income Tax Act, 1961

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…

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Read more about the article All about dissolution or closure of Partnership Firm
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All about dissolution or closure of Partnership Firm

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…

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Read more about the article All about the rectification of ITR u/s 154
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All about the rectification of ITR u/s 154

Section 154 of the Income Tax Act, 1961, Section 154 provides a possibility for the assessing officer to rectify any mistakes or errors in the income tax records that were…

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Read more about the article Business compliance requirements for e-commerce business in India
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Business compliance requirements for e-commerce business in India

Introduction India has the second-largest internet user base in the world. India’s e-commerce market after “India Goes Digital" has the fastest-growing country in the world. The rapid popularity and acceptance…

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Read more about the article How to claim foreign tax credit in India
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How to claim foreign tax credit in India

Foreign Tax Credit (‘FTC’) According to a Ministry of External Affairs report, there are 32 million NRIs and OCIs residing outside India. Many Indian residents migrated abroad to countries like…

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Read more about the article  Taxability of agricultural income in India
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 Taxability of agricultural income in India

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…

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Read more about the article <strong>List of Items on which GST ITC is not available</strong><strong></strong>
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List of Items on which GST ITC is not available

In this article, we have listed as such items, which are not eligible for the input tax credit under GST. But first, we need to understand the term ‘ITC’. ITC…

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