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What is TCS Tax? A Comprehensive Guide

Tax collection at Source (TCS) is an additional amount collected as tax by the seller…

Why do Small Businesses Need To Outsource Bookkeeping & Accounting?

Whether you’re a recently launched small business or an experienced entrepreneur with a well-settled company,…

5 Solid Reasons Why Accuracy is Vital in Bookkeeping & Accounting?

Accurate bookkeeping and accounting may seem like a burden if you are trying to grow…

How To Register A Company in India?

Over the years, India has become one of the most preferable destinations for entrepreneurs and…

6 Common Bookkeeping Mistakes You Must Avoid

Accounting and Bookkeeping are two vital facets of a company that shouldn’t be cut back…

Comparing OPC, LLP & Private Limited Company Which one to choose?

One Person Company (OPC); Limited Liability Partnership (LLP) and Private Limited Company Choice of Business-…

What are the Rights Acquired from Copyright Registration?

Copyright protects the original work from infringement or being copied. Registered copyright offers a lot…

All the Reasons Why Start-ups Need GSTIN?

The introduction of GST, Goods and Services Tax has helped a lot in improving our…

Applicability of Section 12A, Section 12AA & Section 12AB
of the Income Tax Act ~ For registration of trust

To avail the tax exemption, all the charitable trusts or institutions, NGO(s), welfare societies or…

Know all about a trust registration process

Trust registration is really an important step to completing the formation of a trust. Today,…

Comparing Trust, Section 8 Company & Society
Which one to choose?

An NGO in India can be set up either as a Trust or Section 8…

Understand what’s the Annual Information Statement (AIS) and Taxpayer Information Statement (TIS)

As a taxpayer, one should know what are the Annual Information Statement (AIS) and Taxpayer…

Tax Planning Tips For Salaried Individuals

Do you also get worried about the tax amount you have to pay on your…

ROC Compliance Calendar For Financial Year 2022-23 & Guidelines to follow while submitting specific forms

It doesn’t matter whether you have a small business or a private limited company, or…

Tax implications of Cryptocurrency in India

Well, since Budget 2022 was announced by the Finance Minister of India there is a…

CBDT’s Parameters For Selecting ITR For Complete Scrutiny

Many taxpayers got confused as to why a notice of assessment proceeding is issued to…

Compulsory filing of Income Tax Return

CBDT, recently notified the additional conditions (as per wide Notification No. 37/2022 dated 21st April…

Tax implications on NRIs in India – Frequently asked questions

Non-Resident Individuals i.e., NRIs tend to get confused about the Income Tax provisions applicable to…

Tax Deductions Available to Non-Resident Individuals (NRIs) in India

If you have the status of a Non-Resident in India for taxability purposes then this…

NHAI Capital Gains Bonds Discontinued

As per Section 54EC of the Income Tax Act, the taxpayer can choose to invest…

CBDT notifies Rule 12AB to mandate the furnishing of Income Tax Return (ITR)

CBDT, recently notified the additional conditions (as per wide Notification No. 37/2022 dated 21st April…

How to Determine the Residential Status of an Individual?

For the purpose of taxation, it is really important to know your residential status so…

TDS Applicability on Freelance and Professional Services

Are you someone who is providing freelance or professional services? If yes, then this article…

Facts Related to Regular Assessment or Reassessment under Income Tax

Many people don’t know what to do when they receive notices for an assessment or…

Annual filing of Statement of Donation received (Form 10BD) and Certification of Donation (Form 10BE)

The government of India has allowed the taxpayers to claim the deduction of donations made…

Penalty Interest Under Section 234A, 234B, 234C of Income Tax Act

Taxpayers need to be careful when it comes to due dates for tax payments and…

What’s the major difference between section 54 & section 54F of the Income Tax Act?

People tend to be confused about the tax exemption available under section 54 and section…

Advance Tax – Know Everything

Many taxpayers don’t know that they have to mandatorily pay taxes due in advance to…

Section 80TTA and 80TTB

Deduction of Interest Earned on Savings Accounts & Deposits We all know that saving money…

Various notices issued by Income Tax authorities

Have you received a notice or intimation from the Income Tax authorities? But don’t have…