Income Tax : After the announcements made in the Finance bill 2017 it is important to discuss the comparison between an LLP and Private limited...
Income Tax : Trust, Society and Section 8 Company can seek registration u/s 12A to claim exemption under provisions of Income Tax Act’1961, i...
Income Tax : In India, the system of direct taxation as it is known today has been in force in one form or another even from ancient times. In ...
Income Tax : Many of us got so confused after hearing the name of ‘Business Trust’. There are so many doubts in the mind of people relating...
Income Tax : In this article I am going to discuss Taxation of Business Trust in India. Concept of Business Trust was introduced vide Finance A...
A startup is a company that is in the first stage of its operations. It is basically business model that aims to meet a marketplace need by developing or offering an innovative product, process or service
The Finance (No.2) Act, 2014 had amended the Income-tax Act to put in place a special taxation regime in respect of business trusts. The business trust as defined in section 2(13A) of the Income-tax Act before amendment by the Act, included a Real Estate investment Trust (REIT) and an Infrastructure Investment Trust(InviT) which is registered under regulations framed by Securities and Exchange Board of India (SEBI) in this regard.
Audit of accounts of certain persons carrying on business or profession The purpose of Tax Audit is to ensure that books of Accounts have been maintained in accordance with the provisions of the Income Tax Act. Tax Audit also ensures that the Accounts are properly being presented to the Assessing Officers when called for. However […]
