Blog by TAXAJ

India’s New Labour Codes Explained

Whether you're a new employee or someone updating your KYC, this blog walks you through the new UAN face authentication process in 2025—its features, benefits, and how you can complete it from anywhere using your smartphone.

Purpose code is a code issued by the Reserve Bank of India (RBI) to classify each transaction with the nature of foreign currency transactions. In other words, the Purpose code helps regulators identify the exact nature of a cross-border transaction.

Annual Information Return (AIR) Filing in Bangalore with Our Expert Services

Are you a taxpayer in Bangalore feeling overwhelmed by the intricacies of income tax assessment and scrutiny? Fret not! We understand the complexities and challenges that taxpayers face during these processes.

Non-Resident Indians (NRIs) play a significant role in Bangalore's economy, contributing to various sectors and driving innovation and growth. However, navigating the complexities of taxation as an NRI can be daunting

Choosing the right chartered accountant is essential for businesses seeking financial stability, regulatory compliance, and strategic guidance. In Bangalore's dynamic business environment, the best chartered accountants combine technical expertise with industry knowledge

LLP registration in Bangalore offers entrepreneurs and business owners a flexible and efficient vehicle for conducting business activities in one of India's most dynamic economic hubs.

To register a Private Limited Company in Bangalore no minimum paid-up capital is required. And it necessary to have PVT.ltd at the end of the name.

Incorporation of Foreign Subsidiary Company in India Basic Requirements Explained

A Nominee Director is a director in a company who has been appointed by financial institutions, banks or investors to form part of the Board of Directors. Appointment of nominee directors is governed by and subject to the provisions of the articles of association of the company.

Compliances to be filed in the month of October 2023

According to the Companies Act, 2013 of India, it is mandatory for foreign companies to appoint a Resident Director in India if they want to set up a subsidiary, joint venture or branch office in the country.

Every person, being a seller, who receives any amount as consideration for sale of a motor vehicle of the value exceeding Rs.10,00,000, shall, at the time of receipt of such amount, collect from the buyer, a sum equal to 1% of the sale consideration as income-tax.

Tax on Accreted Income of Charitable Trust or Institutions (Section 115TD)

For starting any business of Import and Export in India, one must have two Registrations as per the Indian Government, out of which one is IEC (Import-Export Code) and another one is AD (Authorised Dealer) Code Registration.

With the introduction of advanced AI tools for ITR scrutiny, the income tax department aims to enhance the accuracy and efficiency of the process.

Income Tax Return Due Date AY 2023-24 Latest News (July 13, 2023): With only 19 days left for Income Tax Return filing for income earned in FY 2022-23, the Income Tax e-filing website is seeing a lot of activities from taxpayers.

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 the normal provisions of the Income Tax Act

Income Tax Return Filing Requisites