If a lease agreement meets one or more of the indicators given below, the lease agreement should be accounted for as a finance lease
Read MoreWe are all aware of India's success at the 2020 Tokyo Olympic Games and the 2021 Tokyo Paralympic Games. Whether it was Neeraj Chopra's gold, Mirabai Chanu's silver, Sundar Singh's bronze, or even our women's hockey team's almost missed a medal, they have all made the country proud. In fact, their victories have fueled the desire of the younger generation to follow in their footsteps.
Read MoreAs per the Income-tax Act, a person engaged in business or profession is required to maintain regular books of account and further, he has to get his accounts audited. To give relief to small taxpayers from this tedious work, the Income-tax Act has framed the presumptive taxation scheme under sections 44AD and 44ADA.
Read MoreRCM or Reverse Charge Mechanism is a concept under which the receiver of the goods or any service is entitled to pay the tax instead of the supplier of goods and services.
Read MoreSection 206AB and 206CCA are inserted in the Income-tax Act, 1961 (effective from 1st July 2021). These sections impose a higher TDS/TCS rate on the 'Specified Persons', as defined in the new sections.
Read MoreUnion Budget 2025 – A synopsis about the tax and compliance reforms
6th February, 2025
Income Tax Clearance Certificate for travel outside India
27th August, 2024
28th March, 2023
By: Mr. Prasanna Ravikant Bhat
7th February, 2023
Certificate in Form 10BE for Claiming Deduction u/s 80G
By: Mr. Prasanna Ravikant Bhat
27th May, 2022
Profession tax enrollment and registration - Applicability in Maharashtra State
By: Mr. Prasanna Ravikant Bhat
19th March, 2021
Foreign Contribution (Regulation) Amendment Act, 2020 ("FCRA 2020")
16th December, 2020
Using file systems to enhance performance of Income Tax Business Application (ITBA)
17th December, 2019
Income Tax Compounding Fees - 276CC Offences - Nonfiling of returns
13th November, 2019
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