Explore the benefits and eligibility criteria for the Section 16 deduction under the Income Tax Act. Understand how salaried employees can claim relief and reduce taxable income.
Article contains a crisp summary on amendments introduced by Budget 2023 pertaining to MSME payments and implications of amendments on commercial transactions.
Explore a summary of important TCS provisions and a comparison of TDS on the purchase of goods. Understand Sections 194Q, 206C(1H), 206C(1F), and 206C(1G) with insights from the article.
Carbon trading, also known as emissions trading or cap-and-trade, is a market-based approach to reduce greenhouse gas (GHG) emissions. It is a system designed to incentivize companies and organizations to limit their carbon dioxide (CO2) and other GHG emissions by placing a financial value on them.
According to RBI “securitisation involves transactions where credit risk in assets are redistributed by repackaging them into tradable securities with different risk profiles which may give investors of various classes access to exposures which they otherwise might be unable to access directly
Learn about the statutory provisions mandating bookkeeping in India for companies. Understand criteria, responsibilities, and penalties under the Companies Act. Get insights from a practicing Chartered Accountant.
Understand income tax implications for buyers when purchasing immovable property below stamp duty value. Learn about Section 56(2)(x) and its consequences. Get expert advice for smooth transactions.
Explore essential stock market terms with explanations. Learn about stocks, dividends, indices, P/E ratio, volatility, and more. Enhance your financial knowledge!
TDS or Tax Deducted at Source is income tax reduced from the money paid at the time of making specified payments such as rent, commission, professional fees, salary, interest etc. by the persons making such payments.
The new FTP also introduces a one-time Amnesty Scheme for exporters to provide relief to the exporters who were unable to fulfil their Export Obligations against the EPCG and Advance Authorizations, in order to regularise the same.
