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Taxation of Stipend Income has been controversial. Under the Income Tax Act, there is no mention of a ‘stipend.’ The Income Tax Act only states that th...
The Income Tax Department may direct the notices for several reasons, such as in case of non-filing of the income tax returns, defect detected in the filed...
Income Tax is a form of Direct Tax levied by the Indian Government on the very source of income generated in a financial year either by individuals or busi...
Income Tax is a kind of Direct Tax imposed by the Indian Government on the very source of Income generated in a financial year, either by individuals or bu...
The income tax laws mandate that an individual must quote their Aadhaar enrolment ID while filing an income tax return (ITR). Other than this, individuals...
In the past few days, the Government has made numerous announcements regarding Aadhaar and PAN, like making Aadhaar mandatory for IT Returns, linking Aadha...
Financial institutions categorize loans and advances in default or arrears as non-performing assets (NPAs). Debt is in arrears when the principal or intere...
To encourage savings and investments, the Income Tax Department has provided various deductions from taxable income. The same is provided in Chapter VI A �...
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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