Taxation

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Taxation

Concept of Cost Audit in India – Why is it Important?...

Cost Audit is the process for verifying the cost allocation of each product or Services comprising of labor cost, manufacturing cost or any other item of c...

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Internal Audit Taxation

An Internal Auditor: Why are they important in a Compan...

Internal Audit

Internal Audit is an Independent function carried out by the Internal auditor which involves the risk management, continuous monitoring, accounting, Corpor...

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Income Tax Taxation

Budget 2019 Highlights: What is The Impact on Income Ta...

Income-Tax-Proposals-Union-Budget-2019

To encourage the growth of the nation, the Union Budget 2019 Highlights was designed to boost the infrastructure and to promote the foreign investment of t...

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Startup Taxation

Tax Benefits for Handicraft Business in India

handicraft Business

To understand the tax benefit for homemade or handicraft business firstly we have to understand what would come under the meaning of homemade craft. Homema...

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Startup Taxation

541 Startups Get Angel Tax Exemption: DPIIT Secretary...

Angel-Tax-Exemption

Recently the government has granted angel tax exemption to 541 startups. Mr Ramesh Abhishek, secretary of “Department for Promotion of Industry and Inter...

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Income Tax Taxation

All About Salary Income, Perquisites, and Allowances un...

Salary Income

What is Salary Income? Salary is the amount accrued and is payable to an individual periodically for the services rendered as per the express or implied co...

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Income Tax Taxation

Section 201 of the Income Tax Act,1961 – Interest on...

Section 201

As all are aware that the Income Tax Department is the governing body that regulates the income tax collection in India. If liability arises to pay a tax t...

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Income Tax Taxation

Income Tax Provisions for Clubbing of Income

Clubbing of Income

There are many situations in which you have to club income with someone else. Clubbing provisions are governed by Section 64 of the Income Tax Act,1961. Cl...

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