India’s Income Tax Act of 1961 governs the taxation of income in India. Income tax is levied on income earned by various kinds of entities ranging from individuals to companies.
Discover the limitations of Indias Centralized Processing System (CPC) for taxpayers. Explore solutions to enhance communication and efficiency in tax processing.
Discover how to identify fraud risk factors in mid-cap private limited companies and learn strategies to mitigate potential risks. Expert insights provided.
Detect unethical financial practices in Indian businesses with our comprehensive guide. Learn to recognize red flags and implement strategies for prevention.
Learn about the Income Tax Grievance Redressal Mechanism under Section 276B of the Income Tax Act 1961, including its provisions, penalties, and implications for taxpayers in India.
Russia-Ukraine war has been an ongoing conflict since 2014, with no clear end in sight. The conflict has been characterized by armed skirmishes between two countries, creating an increasingly unstable and worrisome situation in the region.
The aim of this article is to provide an insight into how NRIs can save taxes on their Indian income. Further, the article will discuss the tax reliefs that are available to NRIs under the Income Tax Act, 1961 and other fiscal laws in India.
Section 9 of Income Tax Act, 1961, relates to the income deemed to accrue or arise in India. Income is considered as ‘accruing or arising in India’ if it is earned in India or if it is received in India or if it is received/accruing or arising in any other manner in India.
Forensic accounting in big organizations: A critical approach for detecting fraud, enhancing asset protection, and ensuring financial integrity. Essential for risk management and fraud prevention.
Article examines potential risks that newly setup businesses in India might face. It explores various strategies that can be adopted to mitigate the risks, thereby helping businesses to ensure smooth operations and increased success.
