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Who should provide details of Assets and Liabilities in ITR?
Schedule AL in the ITR enables a taxpayer to submit details of Assets and Liabilities in the ITR. The values of Assets and liabilities...
Jan 112 min read
13
FCRA Amends provisions on Administrative expenses, CA certification and more.
On 31st December the Ministry of Home Affairs issued a notification amending the various provisions of the FCRA Act and Rules as well as...
Jan 21 min read
166
Leave Travel Allowance - LTA: Eligibility, rules, documents you need to submit, how much amount you can claim etc.
LTA allowance eligibility, documents, rules and block period
May 29, 20244 min read
106
खेळत्या भांडवलाचे व्यवस्थापन (Working Capital Management)
खेळत्या भांडवलाचे व्यवस्थापन समजून घेण्यासाठी सर्वप्रथम “खेळते भांडवल” म्हणजे नक्की काय हे समजून घेऊया. खेळते भांडवल म्हणजे काय ? एखाद्या...
Apr 13, 20243 min read
75
DIN KYC - FAQs on Director Identification Number KYC
FAQs on DIN KYC . Mandatory ROC compliance for all DIN holders in India.
Apr 13, 20241 min read
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RoC filing of Form 11 and Form 8 for LLP
Quick guide on applicability and contents of form 11 and form 8 for LLP. Mandatory ROC Compliance for LLP in India.
Apr 9, 20243 min read
31
The concept of Foreign Source under FCRA 2010.
When to classify donations as FC funds or local funds? Whether residential status, currency of donation, origin matter?
Feb 1, 20242 min read
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Understanding the Importance of Form 10BD: Annual Return by NPOs
On 26th March, 2021 CBDT, through a notification, has notified (vide notification no 19/2021) that a Statement of Donation shall have to...
Jan 31, 20242 min read
13
Changes in FCRA penalties and compounding of offences
FCRA changes 1st July 2022
Jul 5, 20221 min read
119
Updated income tax return (ITR-U)
IT department has notified a new form, ITR-U, for taxpayers filing their updated tax returns. The move seeks to reduce lengthy timelines.
Jun 18, 20224 min read
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Form 3CD - Analysis of Various clauses
Analysis of all clauses of Form 3CD required in case of tax audits.
Jun 18, 20221 min read
73
4 Simple Yet Powerful Tips for Last Minute Tax Planning
We will share with 4 simple & powerful tips to help you complete your tax planning in an instant & at the same time save you from mistakes.
Jun 18, 20223 min read
16
Comprehensive analysis of Taxation on Provident Fund (PF) and NPS
The Govt. will tax PF contributions exceeding ₹2.50 lakh yearly- including the employee, the employer contributions and the interest earned.
May 3, 20225 min read
66
Changes in ITR Forms for AY 2022-23
The CBDT Vide its notification no 21/2022 dated 30/03/2022 has notified the ITR Forms (‘New ITR Forms’) for the AY 2022-23
May 3, 202217 min read
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Deductions eligible for Tax Saving
To save tax, assessee can claim deductions under sections 80C to 80U.
Apr 1, 20226 min read
204
Tax Deductions on payments related to Interest on House Property
Interest on housing loan is available for deduction u/s 80EE,80EEA,24(b). Principal & stamp duty paid can be claimed as deduction u/s 80C.
Apr 1, 20222 min read
21
How to Verify if your Aadhar and PAN is linked?
Aadhar and PAN linking is mandatory. The due date for the same is extended from time to time. For non linking of aadhar to PAN there are...
Mar 31, 20221 min read
192
All Companies to Use Accounting Software where Audit Trail Feature Enabled
The Ministry of Corporate Affairs (MCA) has issued a notification (Companies (Accounts) Amendment Rules, 2021), that every company which...
Mar 26, 20223 min read
76
CHIEF MINISTER EMPLOYMENT GENERATION PROGRAMME (CMEGP)
The CMEGP is introduced by Government to provide subsidy on loan for entrepreneurs to start new business & aims to promote entrepreneurship
Mar 9, 20225 min read
399
PRIME MINISTER’S EMPLOYMENT GENERATION PROGRAMME (PMEGP)
The PMEGP Scheme is credit linked subsidy programme in which beneficiaries can get a subsidy at specified % of the project cost from Govt.
Mar 9, 20224 min read
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