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Income Tax

Payment and Computation of Self Assessment Tax

Payment and Computation of Self Assessment Tax

Individuals are required to pay self assessment tax for income from other sources. No specification for the payment date is specified. This tax can be paid...

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GST

Key Highlights of the GST Council Meeting

Key Highlights of the GST Council Meeting

The 43rd GST Council meeting was held under the chairmanship of Union Finance Minister Nirmala Sitharaman on 28th May 2021. The meeting was held via video...

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Taxation

What is Wealth Tax in India & why was it abolished...

What is Wealth Tax in India & why was it abolished?

Background A wealth tax is imposed on individuals, HUFs, and companies in India if their net worth exceeds Rs. 30 lakhs on the valuation date, which is the...

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Societies Registration

Society Registration: Online Procedure in India

Society Registration: Online Procedure in India

A society is an association of various individuals who come together in a mutual accord to deliberate, govern and act cooperatively for some communal purpo...

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Income Tax

Understanding Section 206AB of Income Tax Act 1961

Understanding Section 206AB of Income Tax Act 1961

The Finance Minister in Budget 2021 introduced a special provision of TDS in the Income Tax Act 1961. A new section has been inserted, which shall be appli...

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NBFC

MFI as NBFC: How to set up Micro Finance Institutions a...

MFI as NBFC: How to set up Micro Finance Institutions as NBFC?

A Micro finance institution can be set up as an NBFC. There are certain requirements that should be met for setting up of the MFIs as NBFC. There are certa...

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Government Registration

A glance through Fire Safety Rules mandated by the Gove...

A glance through Fire Safety Rules mandated by the Government of India

You would have heard about instances of fire outbreak in India that happens every now and then. This has raised some serious questions on the safety and se...

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Finance & Accounting

A Brief Overview on Profit Margin

A Brief Overview on Profit Margin

Profit Margin is one of the most commonly used financial ratios in corporate finance. It is a financial ratio to determine the financial status of a compan...

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