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Section 12 of the Income-tax Act talks about voluntary donations received by a trust for charitable or religious purposes will be income derived from the p...
ITR or Income Tax Return is where taxpayers file information about the income earned & tax applicable to the IT Department. It has notified 7 forms to...
Section 44AA of the Income Tax Act, along with Rule 6F, mandates books of account for income tax. These books of accounts are the official document that es...
As per Income Tax Act, 1961, a person must file TCS return, failing which he will be penalized under sections 234E, 271H of the Income Tax Act, 1961. The p...
ITD and ITSC are different in respect of their functions. ITSC comes under the ITD, but it works independently from ITD. In the article, we will discuss th...
As per Section 43 (5) of the Income Tax Act, Speculative transaction is a transaction where a contract for the purchase or the sale of any commodity, inclu...
The central government introduced the Faceless E-Assessment Scheme with a view to provide increased transparency, efficiency, and accountability. It is as...
PAN stands for Permanent Account Number. It is an essential document as per the Income Tax Act, 1961, which all taxpayers should possess. PAN Number is a t...
A joint venture is a strategic business arrangement in which two or more companies collaborate...
With the rising inflation rates and various other economic factors, wealthy Americans are incre...
Before approaching the new suppliers or any other third parties, you should always go for the v...
With the increasing landscape of Fintech Companies, it is increasingly vital that fintech compl...
This blog gives a detailed description through an audit report for industrial waste by examinin...
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