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 Company or Society in India. But the purposes of all these three are different. In…
Comparing Trust, Section 8 Company & Society
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 Information Statement (TIS), which the government of India has recently introduced. Through this article, we…
Tax Planning Tips For Salaried Individuals
Do you also get worried about the tax amount you have to pay on your hard-earned salary income..?? If yes, then this article is for you. Through this article, we…
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 a limited liability entity. It is of utmost importance for all companies to comply with…
Tax implications of Cryptocurrency in India
Well, since Budget 2022 was announced by the Finance Minister of India there is a lot of talk about cryptocurrency and its trading. Today, with the help of our professional…
CBDT’s Parameters For Selecting ITR For Complete Scrutiny
Many taxpayers got confused as to why a notice of assessment proceeding is issued to them. But they don’t know that every year CBDT issued guidelines mentioning the various parameters…
Compulsory filing of Income Tax Return
CBDT, recently notified the additional conditions (as per wide Notification No. 37/2022 dated 21st April 2022) to widen the tax base, which makes it mandatory to file Income Tax Returns…
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 them under Income Tax Act, 1961. They have many questions such as, under which section…
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 article is for you. Through this article, we have discussed the various tax deductions available…
NHAI Capital Gains Bonds Discontinued
As per Section 54EC of the Income Tax Act, the taxpayer can choose to invest the amount of long term capital gain (LTCG), arising on the sale of land or…