ITR U – What is ITR-U Form and How to File ITR-U
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…
GST Refund on Cancellation of Flat or Service Contract – Complete Guide
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…
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…
Comprehensive Guide to VAT Registration: Online and Offline
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…
Taxation of Private Trust
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…
NGO Darpan: Registration Process, Required Documents, and Benefits
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…
How to Prevent a 20% TCS on Foreign Remittances and Money Transfers
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…
Requirements for Changing a Company’s Registered Office
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…
Startup Registration India – 7 Steps to Register your Startup
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…
How To Download And Fill Form 26QB For TDS Payment On Purchase/Sale Of Property
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…
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…
80g registration 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…
APEDA Registration
The Agricultural & Processed Food Products Export Development Authority (APEDA) was set up in 1985 under the Agricultural and Processed Food Products Export Development Authority Act. Its main goal is…
Taxation on ESOP RSU Stock Options
Taxation on ESOP RSU Stock Options ESOPs (Employee Stock Ownership Plans) have become common in India and are gaining popularity. Many international companies with employees in India also offer ESOPs.…