Presumptive Taxation Scheme Under Section 44AD Businesses are required to maintain a detailed book of accounts, with a profit & loss...

What is a Dividend Distribution Tax? The Dividend Distribution Tax is a tax levied on dividends that a company pays to its shareholders...

From a legal perspective, a HUF is an identity separate from its members. The individual members of the Hindu Undivided Family have their PA

For the purpose of income tax in India, the income tax laws in India classifies taxable persons as: a. A resident b. A resident not ordinari

COMPOSITION SCHEME has been introduced under GST law where the assesses have to pay tax at a very minimum rate on the turnover.

Many banks are offering home loans at 7%. Many less banks provide lower home loan rates.

This provision has been made applicable from 1st October 2020. TCS shall be applicable where the seller receives any amount as consideration

It contains various important information related to taxpayers, inter-alia, credit card, cash transactions, details of tax deducted/collecte

Introduction Under GST, the existing system of levy of tax on manufacture, provision of taxable services, and sale of goods will be...

If you have filed your income tax return (ITR) online in the last file years but not completed the filing process by authenticating either e

Let's understand what is capital gain in simple words. A capital gain is an increase in the value of an investment. It is the difference...

What is Mudra Loan| Procedure | Documentation | Eligibilty of Mudra Loan | Where to apply | FAQs etc |

The Goods and Service Tax (GST) regime, which has been the biggest tax reform for indirect taxation in Independent India, completes three ye

Extension of various time limits under Direct Tax & Benami laws: CBDT has issued Notification No 35/2020 [S.O. 2033(E)] dated 24th June, 202

Corporate Social Responsibility, or CSR, is a system of self-regulation for a business to become and remain socially accountable to its cust

This article discusses Meaning/ Structure/ Relevance of TAN, Persons liable to apply for TAN/ Consequences of not quoting TAN/ Procedure to

LET’S UNDERSTAND STATUTORY AUDIT. A statutory audit is a legally required review of the accuracy of a company's (or government's)...

Break-up of ₹20 lakh crore 'Aatm Nirbhar Bharat' stimulus package:

Notice from Income Tax Department – Reasons and How to avoid it?

This was clarified by the Central Board of Direct Taxes (CBDT) in a circular. The circular addressed the issue of tax deduction at source...