In recent times, India has seen an exponential increase in the number of fraudulent activities reported. According to the National Crime Records Bureau, India’s total reported fraud cases rose from 352 in 2015 to 2103 in 2019, which is a 496% jump in a span of five years.
Section 80DD of the Income Tax Act, 1961 offers tax deductions regarding the medical treatment and maintenance of a dependent with disability. Under this section, the taxpayer can claim a deduction in respect of expenses incurred for the medical treatment and maintenance of a dependant who is a person with disability.
In this article, we will explore the many steps and strategies that must be taken before putting a plan for a manufacturing plant into effect in India.
By examining the intricacies of Section 115JH and its impact on the residential status of foreign companies in India, this article aims to provide valuable insights for companies navigating the complexities of the Indian taxation system.
Section 80GG allows Deduction of the rent paid by him even though he does not have any house property for self-occupation of occupier.
Section 35AC of Income Tax Act, 1961 is concerned with deduction of certain amounts spent for promotion of science and technology
Discover how to set up a multi-millionaire company in India with this comprehensive guide. Learn the steps, legal processes, and key strategies for success in diverse industries.
Explore the role of directors in cases of financial frauds in India, covering legal frameworks, liabilities, and proactive measures to avoid legal consequences. Understand the complex landscape and safeguard your interests.
Discover the reasons behind the Reserve Bank of India’s decision to withdraw Rs 2,000 denomination banknotes. Learn about the Clean Note Policy, legal tender status, depositing/exchanging process, limits, special provisions, and the impact on the economy. Stay informed and navigate the withdrawal seamlessly with this comprehensive guide.
Discover the impact of the RBIs decision to withdraw ₹2000 denomination banknotes from circulation while maintaining their legal tender status. Learn about the objectives, implications, and guidelines for this move towards a cashless society. Stay informed with the RBI circular and press release issued on 19th May 2023.
