Maximize your tax savings with these income tax tips for pensioners. Learn about deductions, exemptions, and filing options for the Assessment Year 2019-2020.
Let us understand the concept of Interest in the context of cross-border taxation with the help of an example. When an Indian Company borrows money by way of Loan from a person resident of Germany, the Indian Company will pay Interest at agreed rate to such Non-resident. Now, the question arises, which country gets the right to tax such Interest Income of the Non-resident?
If you are a salaried employee and want to know how to e-File your tax returns or file your Income Tax return online, please read this. Salary is the primary source of your income, for a salaried employee. You may also have interest income from a bank. A salaried employee needs to choose Form ITR-1 […]
Extension of due date of filling Income Tax Return for FY 2018-19 (AY 2019-20) Introduction Due date for filling Income Tax Return for the financial Year 2018-19 (Assessment Year 2019-20) is extended from 31st July 2019 to 31st August 19 by CBDT vide its order under section 119 dated 23rd July 2019. In case Individual taxpayer had […]
To simplify the procedure for complying with the DIN KYC norms ministry has introduced the concept of DIR-3 KYC-WEB on 25th July 2019. In this service, data is pre-filled and user has to fill OTP sent on registered mobile no and email id.
The Companies (Significant Beneficial Owners) Rule 2019 replaces the provisions of the Companies (Significant Beneficial Owners) Rule 2018. It has further introduced Rule 2A which bestows responsibility upon the Reporting Company to find out about the SBO, identify the individual and cause such individual to make a declaration to the Reporting Company in Form No. BEN-1.
Introduction The salaried employees are always in a frenzy about taxes and plans out ways to save it. The allowances and perquisites received by a salaried person is either fully taxable or partly taxable or exempt. The article below illustrates different ways in which salaried class can save their taxes. 1. Standard Deduction Standard Deduction, […]
Dear Entrepreneurs this title may sound very odd to you. And why not so when most of the Business gurus, Business Owners, Management consultants consider Marketing / Finance / Production / Service to customer etc. as the core areas of any business. But being a Practicing Chartered Accountant I can tell you that most important […]
Agents/ property dealers/ brokers play a major role in the Real estate sector, they are the ones who help the homebuyers in choosing the right kind of builder. They are the middlemen between Builders and Homebuyers. As per the RERA Act 2016, it is mandatory for all the agents to be registered withReal Estate Agent […]
Corporate Governance In simple terms, the combination of the rules, regulations, practices, policies and processes required by an entity to work upon in order to create a controlled and regulated environment is called CORPORATE GOVERNANCE. The concept of Corporate Governance is important for an entity because an entity carries a responsibility of securing the interest […]
