The Income Tax Act’s Section 80, which gives taxpayers several deductions to lower their taxable income, is one of its most important parts. Since its enactment, Section 80 has undergone multiple amendments and additions.
Here we will discuss few of the consequences of non-filing or delay in filing of ITR when you are liable to do so under the Income-tax Act (“the Act”) which will lead to paying higher taxes (including interest, penalty, Delay fees ) or face legal action by the Government: 1. Non-carry forward of losses – […]
In this article, we delve into the transformative journey post-implementation of the RERA Act 2016, examining the key changes, challenges, and opportunities that have emerged. From the perspective of industry stakeholders, regulators, and consumers, we explore the evolving landscape of real estate in light of RERA and its implications on market dynamics, compliance, and consumer rights.
The best tribute that Centre must pay to him is to ensure that India becomes a casteless society and so also ensure that there is absolutely no discrimination on ground of caste, creed, religion, sex or region or any other grounds!
Learn about the income tax declaration process for employees, including Form 2BB submission, importance, and verification of supporting documents. Explore common tax-saving investments and understand the declaration format for opting the old or new tax regime.
Understand the latest tax amendments with the new default scheme under section 115BAC. This comprehensive guide simplifies the procedures, forms, and eligibility criteria for seamless tax compliance.
Stay updated on GST portal advisories! Learn about e-invoicing requirements, HSN auto-population, and GSTR-3B refiling.
Dive into the nexus between Electoral Bonds and money laundering in India, exploring legislative challenges, compliance requirements, and recent developments.
Learn how to set up a Nidhi company, from name selection to obtaining a Certificate of Incorporation, along with essential compliance steps and required documents.
Understand Form 10AB under the Income-tax Act, 1961 for renewing or obtaining tax exemption benefits for trusts/NGOs. Learn about timelines, required documents, and the filing process.
