Blogs
Preparation of Reports and submission in Form 61A
Reporting Format: Statement of Financial Transactions (SFT) Relevant Format: Identification of Reportable Transactions Aggregation Rule ...
Read More
DTAA Between India and South Korea
1) TDS on Payments to Non-Residents (Section 195) Any person responsible for paying any...
Read More
Few notable upgrades in Tally Prime
S.NoAspectsDetails or Features1E-InvoiceFlexible to generate E-invoices bulkCapable of updating IRN information in the invoice with...
Read More
Section 115BAA – New Tax Rate for Domestic Companies
Applicability of Section 115BAA? Section 115BAA of Income Tax Act is applicable to all domestic...
Read More
Section 64(1A): Clubbing of Minor’s income
Introduction: Under the Indian tax laws, in addition to your own income, income of your...
Read More
Section 35AD Deduction towards expenditure on specified business
What is section 35AD? Section 35AD provides an investment linked tax incentives on Capital expenditure...
Read More
Income Tax Slab Rate & Surcharge For Ay 2020-21
INDIVIDUAL/HUF/AOP/BOI/AJP : Net income rangeRateUp to Rs. 2,50,000–Rs. 2,50,000 to Rs. 5,00,0005%Rs. 5,00,000 to Rs....
Read More
How an Association of Persons will be taxed
TAXATION OF Association of Persons What is an AOP? (As per Income Tax Act, 1961)...
Read More
List of FAQs on Setoff and Carryforward of Losses
Background: This article mainly focuses on provisions of The Income Tax Act, 1961 and rules...
Read More
FAQs on TDS on purchase of immovable property
List of FAQs on TDS on purchase of immovable property Reason for Introduction of TDS...
Read More
EPF, NPS & Superannuation
Tax implications on Various Provident Funds : Types of PF’s : Recognised PF (RPF) :...
Read More