Tax on Gifts in India
In India, gifts in the form of money or movable/immovable property are taxable if their total value exceeds ₹50,000. When this limit is crossed, the full value becomes taxable under…
In India, gifts in the form of money or movable/immovable property are taxable if their total value exceeds ₹50,000. When this limit is crossed, the full value becomes taxable under…
When applying for a loan from any financial institution, individuals or businesses must go through a financial assessment. During this process, the lender asks for a detailed statement of the…
Capital Gains on Sale of Gifted Assets – Rules and Impact The main goal of acquiring an asset or making an investment is to earn returns, which are referred to…
Dissolution Deed of Partnership Firm Format – Download Legal Draft (PDF) Dissolving a partnership firm refers to closing down the business that operates under the firm’s name. This involves settling…
Startup Registration in India – 7 Steps to Register Your Startup Startups are rapidly growing in India, with strong support from the government for young entrepreneurs. These ventures play a…
Startup India Registration 2025 – Get Your Startup Certificate Startup India is a major initiative launched by the Government of India to foster innovation and strengthen the startup ecosystem across…
How Are Gifts Taxed? - Gift Tax Exemption Relatives List Under the Income Tax Act, gifts are considered a part of income. If the value of the gift crosses a…
Journal Entry for Provisions A provision in accounting refers to a portion of profits set aside to meet specific future contingencies. These are reserves created for particular situations and must…
Income Tax Notice Under Section 142(1) of the Income Tax Act Once you complete the e-filing of your income tax return, the Income Tax Department begins the process of assessment.…
Section 115BAA, introduced with effect from FY 2019-20, allows domestic companies to opt for a lower tax rate. Under this provision, companies can pay tax at 22%, along with a…
Taxation of Foreign Source Income Foreign source income refers to earnings that originate from a country outside India. For residents of India, such income is fully taxable, while for…
Understanding Capital Bonds: A Complete Guide to 54EC Bonds for Indian Investors Indian investors generally seek opportunities that not only generate returns but also provide tax-saving benefits. One such…
The Hidden Value of Startup Consultants: How We Help You Secure Funding, Build Teams, and Scale With rising economical development, start-ups in India are booming. A sharp rise can be…
Beginning a business is exciting! Isn't it? However, before diving deep into the operations, it is important to register your company. Company registration is the most important task that one…