As you are aware that, it is duty of every citizen whether human or corporate to pay applicable taxes levied by Government of India. These taxes are necessary for development and social welfare of the citizens. Government of each country depends on taxes paid by their citizens and formulate its expenditure for welfare, hospitality, social […]
Understanding Section 143(1) intimation for income tax returns. Find out what it means and what actions to take upon receiving it.
The Government has changed the rules for calculation of interest on EPF/GPF/RPF Accounts and has set threshold limit for contribution in EPF Rs. 2.50 Lakhs and GPF Rs. 5.00 Lakhs on which interest received will not be taxable. Any interest on contribution made during the FY 2021-22 in excess of amount of Rs. 2.50 Lakhs […]
Pradhan Mantri Ujjwala Yojana was launched by the Prime Minister of India, Shri Narendra Modi, on 1st May 2016. The aim behind the launching of Pradhan Mantri Ujjwala Yojana was to provide 50 million LPG [Liquified Petroleum Gas] connections to women of BPL (Below Poverty Line) families. Accordingly, the Yojana is likely to replace unclean […]
The voluntary winding up process applies where the directors and shareholders decide to cease trading their solvent limited company. BOARD MEETING 1. call board meeting and pass a resolution for proposal of voluntary liquidation of the company. 2. Prepare a declaration from majority of the directors of the company verified by an affidavit stating that:. […]
Q. 1 I have Enroled for Aadhaar number but I am yet to receive the Aadhaar number, Can I still file my Income tax return? Ans. Yes, you can quote the EID number mentioned on Acknowledgement/ EID slip provided by the enrolment centre at the time of enrolment while filing the Income Tax return. Q.2 […]
The tort of unlawful interference with economic rights is one of those fewer known torts which has evolved over the years, it can be defined as the unlawful interference of a person in the contract between two parties which may involve inducing one of the parties to breach the contract or interfering with their contracting rights unlawfully.
Don’t make the mistake of confusing the possessive its with the contractive it’s. Its is a pronoun meaning belonging to it. Like the other possessive pronouns (my, mine, your, yours, his, her, hers, ours, their, and theirs), its does not take an apostrophe. we use Its to say that something belongs to or refers to something.
EPFO issues Circular clarifying TDS on interest on PF contributions > Employee Provident Fund Organisation (EPFO) issued a circular dated 06th Apr 2022 which clarifies about the calculation and deduction of tax on taxable interest which is relating to contribution in provident fund pursuant to CBDT Notification No. 95 of 2021-Income Tax. > This circular […]
Acceptance of Deposit and provide loan to its member is one of the main reason for starting a Nidhi Company. We will discuss about how much Nidhi can take deposit from members and how much loan can provide to its members. APPLICABILITY OF NIDHI RULES 2014 This rule shall apply to ♦ Every company which […]
