Learn about the meaning of donation under the Income Tax Act, 1961, and explore the types of donations, deductions, and conditions for claiming them in India.
I have heard of Powers of CIT(A) which is the first appellate authority and the same are contained in Section 251 which provides that the CIT(A) can confirm, reduce, enhance or annul the assessment and he may also confirm, cancel, enhance or to reduce the penalty.
Explore the roles and responsibilities of directors under the Companies Act 2013 in India. Understand their legal obligations, including duty of good faith, compliance, and more.
The engagement letter is a formal document that outlines the terms of engagement between the auditor and the company. It includes details such as the audit objectives, scope, responsibilities, and fees. An example of an engagement letter would be a document signed by the auditor and the company’s management, clearly stating the terms of the audit engagement.
Understand the GST registration process for e-commerce operators and sellers, including tax collection, TCS, input tax credit, invoicing, liability, compliance, and record-keeping. Explore TCS return filing, TDS applicability, rates, certificates, return filing, and payment for e-commerce transactions.
You can invest up to ₹1.5 lakh per year in specified instruments to avail deductions under Section 80C. For example, if you invest ₹1.5 lakh in a tax-saving fixed deposit with a lock-in period of 5 years and an interest rate of 6%, you can save tax on the entire investment amount.
Learn about the online submission and processing of EPS 95 higher pension applications. Understand error codes, solutions, refund calculators, and the process involved.
Understand the intricacies of director disqualification in India under the Companies Act 2013. Learn about grounds, proceedings, consequences, and the process to remove disqualification.
Explore often overlooked but crucial investment avenues for financial planning, including NPS, fixed-income options, and the importance of term insurance for a secure future.
Understand the risks of trademark squatting, its impact on global business, and how the Madrid Protocol helps prevent it. Learn about key cases and legal perspectives.
