Blog by TAXAJ

Depreciation under the Income Tax Act is a deduction allowed for the decline in the real value of a tangible or intangible asset used by a taxpayer. The Income Tax Department uses the concept of depreciation for the purpose of writing off the cost of an asset over its useful life.

Depreciation as per companies act 2013 for Financial year 2014-15 and thereafter. These provisions are applicable from 01.04.2014 vide notification dated 27.03.2014 Depreciation is calculated by considering useful life of asset, cost and residual value.

Coronavirus Hotspots in India: The Government has demarcated 130 districts as Coronavirus hotspots or red zones, 284 districts as orange zones and 319 districts as green zones, as per the list released on May 1, 2020. The list identifies all 11 districts of Delhi as red zones.

“All our demands during the crisis were met locally. Now, it is time to be ‘vocal about local’ products and help them become global,” he said.

Most economic activity in the country had come to a standstill after the government imposed a 21-day nationwide lockdown beginning March 25 to check the spread of coronavirus

A company secretary’s role is very important as a link between the board of the organization & regulatory authorities, he/she also carry out all the duties like maintaining records, responding to board correspondences, communicating with various officials and much more.

You’re probably wondering what the difference is between a chartered accountant and a regular accountant. Well to put it simply, a chartered accountant has certain skills and knowledge that make them a greater asset to the success of a business.

Due Date for TDS Payment & Filing

EPF (Employees’ Provident Fund), also referred to as PF (Provident Fund), is a mandatory savings cum retirement scheme for employees of an eligible organisation. This fund is intended to be a corpus on which the employees can fall back on in their retired life.

SBI Netbanking – How to register ,Login, Check Balance & Steps to transfer money

UIDAI : UIDAI Aadhaar Website – www.uidai.gov.in – Guide for Login, Status & Latest Updates

Flipkart Seller Registration – How to Become Seller at Flipkart. E-commerce is booming today – thanks to online shopping portals such as Flipkart, Amazon, Shopclues, and SnapDeal which have transformed the shopping experience for consumers all over the country.

Emergency Personal Loan from SBI

Banglarbhumi – Online Land Record – West Bengal

What is Patta Chitta – How to Apply Online, Check the status & Validity chitta patta patta chitta patta chitta in tamilnadu tamilnadu chitta patta chitta for land tn patta chitta online patta in tamilnadu online apply for patta tamilnadu patta chitta patta in tamilnadu

Some more relaxation by MCA

Income Tax Saving Options

Individuals whose annual income is in excess of the basic exemption limit of Rs 2.5 lakh must mandatorily file their income tax returns. Even when there is no tax liability, an income tax return (ITR) must be filed if the total income exceeds the above-mentioned threshold.

Tax Exemption for Startups Entity under section 80-IAC & Angel Tax Exemption (After Union Budget 2020)

Form PMT-09: Importance And Use In The Electronic Cash Ledger