Overview: Form 26QC is a challan-cum-return form used for reporting transactions subject to TDS on rent under Section 194-IB. This section is designed for individuals or Hindu Undivided Families (HUF)…
Trademarks are distinctive symbols, designs, images, or phrases used to identify and distinguish a company's goods or services. They play a crucial role in setting a brand apart from its…
What is ITR-U?ITR-U form, or the Updated Income Tax Return, is a provision that enables taxpayers to rectify mistakes or omissions in their previously filed returns. This form also allows…
The 48th GST Council meeting, held on December 17, 2022, addressed the issue of GST refunds for buyers in cases of flat cancellations or termination of service supply contracts. To…
Introduction to Statutory Audit|Statutory Audit ChecklistA statutory audit is an independent review of a company's financial records to ensure compliance with statutory and regulatory requirements. It is mandatory for certain…
VAT, or Value Added Tax, is a tax imposed on the sale of goods and services to end consumers, managed by the Central Government. It is collected by producers or…
The process of filing income tax returns in India has undergone significant changes with the introduction of e-filing. Private trusts, in particular, face challenges in understanding how to file their…
The NGO Darpan is an online portal that serves as a bridge between Non-Governmental Organisations (NGOs) and government departments. Launched by the National Informatics Centre and NITI Aayog, it enables…
Did you know the Indian government revised its tax policies effective October 1, 2023? The tax on foreign remittances has increased from 5% to 20%, a change that has significantly…
Guidelines for Changing a Company's Registered OfficeAccording to the Companies Act, 2013, every company must establish a registered office within thirty days of its incorporation. This office must be maintained…
India is experiencing a significant surge in startups, driven by innovation and entrepreneurial spirit. The government is actively supporting young entrepreneurs through various initiatives to promote startups, which in turn…
The Income Tax Department introduced the Tax Deducted at Source (TDS) system to facilitate quick and efficient tax collection. According to the Finance Act of 2013, individuals or Hindu Undivided…
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…
Charitable institutions in India are entitled to specific tax exemptions and benefits under the Income Tax Act, 1961, particularly Sections 12A/12AA and 80G. To maintain eligibility for these exemptions, institutions…