Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
In India, Income tax is levied by the Central Government and the State Government. Some minor taxes have to be paid by people belonging to a particular region such as Municipal Taxes. This imposition of the tax is derived from the Constitution of India which allocates different taxes between Central and State. Income Tax authorities permit all individuals, organizations to self-assess their income and pay taxes if they are eligible. Sometimes due to fraudulent activities by individuals or organizations, the tax authority has vested the power to conduct surveys and raids.
These raids are made considering facts and information, Income, Annual reports, the Income-tax return filed by the Individual or entity, through the payment of debit and credit card, and a network of informants. If a person systematically plans his income and expenditure and pays tax regularly, he need not worry about it.
Get Advisory on call.
Also, Read: TDS Penalty in India
The insurance industry is on the edge of a transformative era. As we enter 2024, technological...
The Indian Cybercrime Coordination Centre reported a rise in digital financial fraud, which has...
During its 203rd meeting on 25th November 2023, the Securities and Exchange Board of India (SEB...
If you want to expand your portfolio beyond standard stocks and bonds, Alternative Investment F...
NBFCs in India encounter significant challenges related to the compounded effects of outstandin...
Are you human?: 1 + 8 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
ITAT stands for Income Tax Appellate Tribunal. ITAT is a quasi-judicial body set up in January 1941 established by...
04 Jun, 2024
With the Covid-19 pandemic raging through 2020 and considering the challenges and hardships caused due to the Covid...
29 Jan, 2021