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What is PAN? PAN is the type of computer-based system which assigns a unique identification number to a taxpaying entity in India. PAN is shared across the...
Introduction Tax Deducted at Source, or TDS refers to the responsibility of withholding tax from payments made by one person to another. In accordance with...
Income needs to be fairly disclosed to the Government to determine actual tax liability and to discharge the general liability of tax paying resident of In...
Company registered under Companies Act, 2013/1956 operating and doing Tax Distributed profit business in India. Financial year consisting 1st April to 31st...
1. What is an Advance tax? Ans. Advance tax is the tax which is paid in advance before completion of the financial year. The Indian Govt. has made a mechan...
There is a penalty and Punishment Under Income Tax for the various offense. Apart from that the income tax acts launching prosecution proceeding against th...
To understand the TDS Penalty and late Fee provisions we have to go through first basic provisions of the TDS E.g. Due date of TDS payment, the filing of r...
Analysis of Tax on Exempt Income u/s 14A Read with Rule 8D under Income Tax Act, 1961 It is well established governing principle of income tax act where it...
Gujarat (GIFT City) is a central business district that is under construction and located in th...
The Reserve Bank of India defines a bank as a legal entity that acts as a financial institution...
NBFC has been imposed by RBI with the mandatory filing of returns in XBRL mode from financial 2...
Accounts payable management is a difficult and time-consuming activity that necessitates consid...
What is a Stock Audit? The inventory is being physically checked. But occasionally, depending o...
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