Tax planning while setting up of a business with reference to location (2021-2022 A.Y, A.Y 2022-2023 , A.Y 2023-2024 and A.Y 2024-2025)
Professionals are instrumental in setting up processes for TDS / TCS compliance that ensures correct and timely deduction / collection of taxes, dispensing of the tax liability followed by effectively preparing and filing of the TDS / TCS Returns.
Section 80D, allows taxpayers to claim deductions for premiums paid towards health insurance. This article will provide a detailed overview of deduction available under Section 80D and related provisions.
Navigate the process of changing the name of a company with this detailed guide. Understand the steps, documents, and timelines involved for a seamless transition.
Stay informed about the ongoing Fake GST Registration Drive in India. Learn about the 5 essential steps to avoid fines and penalties during GST officer visits to your business premises.
Explore special provisions in Indian financial and taxation laws empowering women. From savings schemes to tax exemptions, understand the benefits for females.
When applying for a credit card, financial institutions often require applicants to submit their Income Tax Returns (ITRs) as part of the application process. The ITR serves as proof of income and helps the credit card issuer assess the applicant’s financial stability and repayment capacity.
Where the Input Tax Credit (ITC) has accumulated on account of rate of tax on inputs being higher than the rate of tax on output supplies. (Other than nil rated and wholly exempt supplies).
Effective from July 1, 2021, higher TDS/TCS rates apply if the deductee hasnt filed their ITR. Check for compliance and use the CBDT’s reporting portal for verification.
Consider crucial factors like interest rates, loan tenure, amount, down payment, and fees before applying for a home loan. Navigate the home-buying process wisely with informed decisions.
