(Section 43B h of Income Tax) Section 43B of Income Tax Act’s, 1961 covers a list of expenses covered under the heading “Income from business […]
GST Compliances: E-Commerce Operators and Online Sales
India’s tax environment has undergone a dramatic change with the implementation of the Goods and Services Tax (GST), which has streamlined the tax code and […]
RERA – Overview and Compliances
The Real Estate (Regulation & Development) Act, 2016, which went into effect on May 1, 2017, established a standard for stringent compliances that all developers, […]
E invoicing and E way Bill- When it is mandatory and how to generate
E way bill: what is it? An electronic way bill, or EWay Bill, is created for the movement of goods and is generated via the […]
Gain/Loss on Futures and Options – Income tax Treatment
Derivative trading, or the trading of futures and options, has increased dramatically in the last few years. Usually referred to as F&O. People who had […]
Incorporating a new business
How to Choose between a Pvt Ltd Company and LLP? and Incorporating a new business? A lot of entrepreneurs who are Incorporating a new business […]
Are Directors and Related Parties-Allowed to take loan from Company Under Company Act 2013?
When operating a partnership or sole proprietorship, partners and owners take money out of the company as needed to cover their daily personal expenses. The […]
Changes in Income tax Slabs and How to take advantages moving forward in FY23-24
Introduction The Union Budget presented in Feb’ 2023 included the income tax slab for the financial year 2023–2024 / Assessment year 2024-25. Individual taxpayers are […]
Blocked Credit in GST – Items on which no Input Tax Credit is available
What is Input Tax Credit? With an input credit, you can deduct the tax you have already paid on inputs when paying output taxes. Assume […]
Startup – DPIIT Recognition : Importance and Benefits
DPIIT: What is it? The Department for Promotion of Industry and Internal Trade is known by the acronym DPIIT. It is under the purview of […]