According to the Income Tax Act, 1961, donations made to political parties are eligible for tax deductions. Section 80GGC of the Income Tax Act provides tax deductions for contributions made to political parties.
One of the services mentioned in the list is services provided by way of renting of motor vehicle, either by a body corporate or a normal consumer booking a cab through E-Commerce operators such as Ola, Uber, etc. The definition of motor vehicle as per the Act is it must be designed to carry passengers.
Discover the world of digital signatures – a vital aspect of modern business transactions. Uncover the pros and cons, the process, and the documents required for issuing digital signatures.
Stay updated on the recent amendment in 206C(1G) of the Income Tax Act, 1961, impacting TCS on overseas tour packages. Explore the proposed rates and changes.
Understand the taxation of trusts in India, covering registered and unregistered trusts. Learn about relevant sections, exemptions, and tax implications for trusts and associations of persons (AOPs).
Sale or Purchase of immovable property other than agricultural land is governed by Provisions of section 194-IA of Income tax act, 1961.
Learn the step-by-step process of setting up an International Financial Services Centre (IFSC) Unit in GIFT SEZ. Understand the required documentation, approvals, and compliance for establishing your entity in the Special Economic Zone.
As per section 7 of the CGST Act, 2017 ‘supply’ includes all forms of supply of goods or services or both such as sale, transfer ,barter, exchange, licence, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business in relation to real estate sector.
Understand agriculture income and its taxation in India. Learn about exemptions, reporting, and the Income Tax Act’s Section 10(1) provisions. File your Income Tax Return (ITR) accurately.
Explore the mandatory registration process for Investment Advisors under SEBI regulations. Learn about the regulatory framework, compliance audits, and recent SEBI actions against non-compliance.
