Minimum Alternative Tax is payable under the Income Tax Act. The concept of MAT was introduced to target those companies that make huge profits and pay the dividend to their shareholders but pay no/minimal tax under.....
28 Oct 2020 16:14:40 - Comment(s)
Section 80EE allows income tax benefits on the interest portion of the residential house property loan availed from any financial institution. You can claim a deduction of up to benefits on the interest portion of the residential house property loan availed from any financial institution.
17 Sep 2020 15:43:04 - Comment(s)
Creativity is normally associated with artists, writers and musicians. But creativity is incredibly important in business as well, especially when you are trying to get your business to the next level or trying to disrupt an industry.
17 Aug 2020 13:28:47 - Comment(s)
The Government of India will pay the employer and employee contribution to EPF account of employees for another three months from June to August 2020.
13 Aug 2020 15:36:39 - Comment(s)
Of late, the term ‘derivative trading’ has become a topic of discussion amongst traders in India. Derivatives are nothing but financial securities whose value or price is derived from an underlying group of assets like Futures and Options Business (F&O) on stocks, bond and commodities.
06 Aug 2020 15:15:42 - Comment(s)
A digital signature is an electronic form of a signature that can be used to authenticate the signatory of a document. It is used to sign the documents digitally and to authenticate the electronic documents.
04 Aug 2020 19:10:52 - Comment(s)
As we all know, from assessment year 2013-2014 onwards, tax audit report as required under section 44AB is required to be filled electronically.
01 Aug 2020 14:50:24 - Comment(s)
The assessee who is subject to tax audit as per the income tax act should add the appointed CA from the income tax e-filing account. Once the assessee will add CA from the account on the income tax e-filing portal, the CA can upload the Tax Audit Report.
31 Jul 2020 14:14:22 - Comment(s)
Over the last decade, Information Technology has gone through an exponential expansion phase in India and globally. This has led to an increase in the supply and procurement of digital services.
11 Jul 2020 13:56:31 - Comment(s)
Even businesses that succeed wildly in the past may fail quickly if money stops coming in even for a few months or when the consumer expectations change.
11 Jul 2020 13:54:07 - Comment(s)
The attestation of a Chartered Accountant on a certificate or any such document is of immense value since it usually signifies that the Chartered Accountant, in his professional opinion, has ensured that there is no misrepresentation by the entity issuing/submitting such a document.
11 Jul 2020 13:53:47 - Comment(s)
To reduce the hardships faced by the taxpayers, the govt has inserted Section 197 which states that in case the total tax liability at the end of the person whose TDS is being deducted is less than the amount of TDS that is being deducted, he may file an application........
06 Jul 2020 13:35:27 - Comment(s)
DPT 3 is a return of deposits that companies must file to furnish information about deposits and/or outstanding receipt of loan or money other than deposits. Every company needs to file annual form DPT-3 (Return of Deposits) which is due on or before 30th June 2020.
18 Jun 2020 13:23:52 - Comment(s)
Link PAN card with Aadhaar card right now if you haven't already done so. June 30, 2020 is the new deadline to link your Aadhaar card and PAN card. As per a directive from the Income Tax Department, it is mandatory to connect your Permanent Account Number (PAN) with Aadhaar card.
17 Jun 2020 10:51:45 - Comment(s)
There will be no late fee for those who have no tax liability and have not filed returns between July 2017 and January 2020, the government announced today while easing compliance rules for Goods and Services Tax (GST) compliance.
13 Jun 2020 11:49:41 - Comment(s)
In this post, we will be discussing the errors faced by the taxpayers while filing TDS returns. We have provided description for these errors so that you can go back and correct your file accordingly.
13 Jun 2020 10:56:38 - Comment(s)
Government rolls out facility of filing of Nil GST return 3B through SMS
09 Jun 2020 17:20:24 - Comment(s)
Beverage maker PepsiCo signed actor and Bollywood man-of-the-moment Sonu Sood for a one-off Instagram campaign that centres around contactless greetings and encourages people to adhere to physical-distancing norms.
03 Jun 2020 21:48:13 - Comment(s)
The authorized capital of a corporation is the maximum sum of share capital for which shares could be issued by a corporation. The initial authorized capital of the corporation is stated in the Memorandum of Association of the Company under the heading of “Capital Clause”.
03 Jun 2020 19:13:22 - Comment(s)
Keeping in view the ease of doing business, new form SPICe+ is notified for the incorporation of a company and incidental registrations. The form SPICe+ replaces the existing SPICe form.
03 Jun 2020 13:10:12 - Comment(s)