The AIS for Taxpayer Mobile App: A Valuable Tool for Staying on Top of Your Tax Obligations
AIS for Taxpayer is a mobile app developed by the Income Tax Department of India. It is a free appRead More
ITR-1: Your Guide to Filing Income Tax Returns Simplified
Filing income tax returns is an essential obligation for every taxpayer in India. The Income Tax Act provides various formsRead More
Foreign Liabilities & Asset Annual Return
Foreign Liabilities and Assets (FLA) is an annual return that shall be filed by every company that has either receivedRead More
Gift to Employees: An Allowable Business Expenditure with Benefits
In the corporate world, recognizing and appreciating the efforts of employees is crucial for fostering a positive work environment andRead More
Nidhi Company: An Overview of India’s Mutual Benefit Societies
A Nidhi Company is a financial company that is registered under the Companies Act, 2013 and is regulated by theRead More
Maximizing Tax Savings: Unleashing the Benefits of Section 80C for Smart Tax Planning
Section 80C of the Income Tax Act, 1961 is one of the most popular sections for tax planning in India.Read More
The Importance of PAN in India: A Guide for Individuals and Businesses
In India, the Permanent Account Number (PAN) is an essential identification number issued by the Income Tax Department. It servesRead More
Charitable and Religious Trusts Can Now Register with IT Department Until September 30, 2023
The Central Board of Direct Taxes (CBDT) has extended the deadline for registration by charitable and religious trusts till SeptemberRead More
New Tax Exemption Limit for Leave Encashment on Retirement
In the Union Budget 2023, Finance Minister Nirmala Sitharaman announced that the government would hike the tax exemption limit forRead More
Government Announces No TCS on Overseas Spending with International Debit or Credit Card
The Government of India has announced that there will be no TCS (Tax Collected at Source) on overseas spending ofRead More