Common Challenges in Conducting a Secretarial Audit and How to Overcome Them
Posted Date : 16-Oct-2024 , 03:11:12 pm | Posted By
Ishita Ramani
Secretarial Audit is a vital manner for corporations to make sure compliance with various legal and regulatory frameworks, especially for listed organizations and certain exact entities under the Companies Act, 2013.
It enables identification of non-compliances, sells corporate governance, and imp...
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Category : Income Tax |
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New Tax Regime vs. Old Tax Regime: Which Offers Better Income Tax Exemptions?
Posted Date : 14-Oct-2024 , 06:24:58 pm | Posted By
Ishita Ramani
The introduction of the New Tax Regime in the Union Budget 2020 through the Government of India created a stir amongst taxpayers. While the New Tax Regime offers reduced tax costs, it gets rid of most of the traditional income tax exemptions and deductions. On the opposite hand, the Old Tax Regime k...
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Category : Income Tax |
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0 | Hits : 958 |
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How Digitalization is Simplifying Nil TDS Return Filing in India
Posted Date : 10-Oct-2024 , 12:53:22 pm | Posted By
Ishita Ramani
In the evolving landscape of taxation in India, digitalization has converted the way businesses and people manipulate tax-related obligations. One such location that has visible huge development is the filing of Nil TDS Return.
With the integration of superior generation and consumer-friendly stru...
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Category : Income Tax |
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0 | Hits : 1223 |
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The Role of Section 10AA of the Income Tax Act in Promoting Sustainable Growth for Indian SEZs
Posted Date : 08-Oct-2024 , 03:37:38 pm | Posted By
Ishita Ramani
India's Special Economic Zones (SEZs) have become a key driver of monetary development by using fostering export boom, creating jobs, and attracting overseas investment. Among the several incentives offered to SEZs, tax benefits underneath Section 10AA of the Income Tax Act play a pivotal position i...
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Category : Income Tax |
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0 | Hits : 1012 |
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Understanding the Essential Clauses of Memorandum of Association: A Comprehensive Guide
Posted Date : 05-Oct-2024 , 03:46:47 pm | Posted By
Ishita Ramani
The Memorandum of Association (MOA) is a key record that outlines the foundational structure of a business enterprise. It defines the connection between the agency, its shareholders, and the outside world.
One of the most essential aspects of the MOA is the Clauses of Memorandum of Association, wh...
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Category : Income Tax |
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0 | Hits : 923 |
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Why Form 16A Passwords Matter for Secure Access: Best Practices for Data Protection
Posted Date : 03-Oct-2024 , 03:53:43 pm | Posted By
Ishita Ramani
Form 16A is an essential report issued by entities that deduct tax at source. It affords details of the tax deducted and submitted to the government on behalf of the payee. To protect the confidentiality of these records, Form 16A is regularly password-covered.
Understanding the significance of the...
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Category : Income Tax |
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0 | Hits : 1358 |
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The Importance of Partnership Deed for Taxation and Regulatory Compliance
Posted Date : 01-Oct-2024 , 01:32:34 pm | Posted By
Ishita Ramani
A properly-drafted partnership deed is a cornerstone for any partnership business, as it governs the connection among partners and establishes clean terms for the enterprise's operations. One of the most critical components of a partnership deed is its function in making sure taxation and regulatory...
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Category : Income Tax |
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0 | Hits : 1187 |
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Tax Implications for Holding and Subsidiary Companies: What Businesses Need to Know
Posted Date : 28-Sep-2024 , 06:29:23 pm | Posted By
Ishita Ramani
The tax implications for holding and subsidiary companies may be complex and require careful planning to ensure compliance and optimize tax advantages. These business structures provide several benefits, but additionally, they come with unique tax responsibilities that organizations ought to be priv...
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Category : Income Tax |
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0 | Hits : 982 |
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The Role of the Board of Directors in Share Transfer and Transmission of Shares
Posted Date : 27-Sep-2024 , 03:59:07 pm | Posted By
Ishita Ramani
The switch and transmission of shares are critical procedures within the lifecycle of a business enterprise, immediately impacting possession and control.
The Board of Directors plays a pivotal role in handling those processes, making sure compliance with legal rules and safeguarding the pastimes ...
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Category : Income Tax |
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0 | Hits : 2723 |
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Understanding Different Types of Trademarks: From Logos to Sounds
Posted Date : 24-Sep-2024 , 03:07:44 pm | Posted By
Ishita Ramani
Trademarks play a critical position in distinguishing items and offerings inside the market. Understanding the types of trademarks is important for agencies searching for to protect their brand identification. This article explores the unique kinds of trademarks, starting from conventional trademark...
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Category : Income Tax |
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0 | Hits : 877 |
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Step-by using-Step Guide to Registering a Society in India: Legal Requirements and Process
Posted Date : 21-Sep-2024 , 01:11:51 pm | Posted By
Ishita Ramani
Society registration in India is ruled by the Societies Registration Act, 1860. A society is largely a group of people united to promote activities related to literature, technological know-how, charity, or similar goals. Registering a society offers prison reputation and shape, making sure better g...
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Category : Income Tax |
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0 | Hits : 1438 |
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Why a Partnership Deed is Crucial for Your Business: Legal and Practical Perspectives
Posted Date : 18-Sep-2024 , 05:32:08 pm | Posted By
Ishita Ramani
In the world of business partnerships, a Partnership Deed stands as a fundamental file that can appreciably affect the fulfillment and stability of the partnership. Whether you're embarking on a new venture or coping with an established commercial enterprise, understanding the importance of Partners...
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Category : Income Tax |
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0 | Hits : 2882 |
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Compliance and Regulatory Challenges for Holding and Subsidiary Companies
Posted Date : 14-Sep-2024 , 03:08:19 pm | Posted By
Ishita Ramani
The courting among a retaining and subsidiary agency is a critical a part of company systems, especially in multinational operations. However, this connection brings precise compliance and regulatory demanding situations. Ensuring adherence to prison frameworks is important to retaining the smooth o...
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Category : Income Tax |
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0 | Hits : 1167 |
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Understanding the Reinvestment Requirement underneath Section 10AA: What Startups Need to Know
Posted Date : 12-Sep-2024 , 04:51:19 pm | Posted By
Ishita Ramani
Section 10AA of Income Tax Act, 1961, provides big tax blessings for corporations running inside Special Economic Zones (SEZs). The provision ambitions to reinforce export-orientated companies with the aid of providing giant tax exemptions on income derived from export sports.
However, to ...
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Category : Income Tax |
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0 | Hits : 1109 |
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Penalties and Consequences of Not Filing Nil TDS Return on Time
Posted Date : 10-Sep-2024 , 01:55:50 pm | Posted By
Ishita Ramani
The government can collect taxes at the source of earnings by using the Tax Deducted at Source (TDS) system. Businesses responsible for filing TDS returns must file a Nil TDS Return even if no TDS is deducted in a certain zone.
To maintain compliance with tax laws and prevent fines, filing this re...
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Category : Income Tax |
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1 | Hits : 5057 |
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Income Tax Refund Status - How to Check ITR Refund Status Online?
Posted Date : 28-Aug-2024 , 09:34:12 am | Posted By
S.Mahajan
ITR refund: Tax refund usually takes four to five weeks to be deposited into your account.
Taxpayers can check tax refund status on the income tax e-filing portal, incometax.gov.in. Tax refund usually takes four to five weeks to be deposited into your account. Check emails from the Income Tax dep...
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Category : Income Tax |
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0 | Hits : 1405 |
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Did you get an intimation notice under Section 143(1) ? - What to do if received after filing ITR ?
Posted Date : 23-Aug-2024 , 07:53:00 am | Posted By
S.Mahajan
After an income tax return (I-T return) has been filed, the tax department sends an intimation under section 143(1) to highlight any discrepancy that might arise from a lower tax paid than what was meant to be paid.
In case of a lower tax paid, the tax payer is meant to pay the balance amount and ...
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Category : Income Tax |
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0 | Hits : 1512 |
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Double Taxation Dispute: Assessing Section 41(1) Addition
Posted Date : 12-Jul-2024 , 06:50:28 pm | Posted By
Chetan Singla
In this appeal, the assessee challenges an order dated 11/01/2024 issued by the Additional/Joint Commissioner of Income Tax (Appeals)-4, Chennai, concerning the assessment year 2021-22. The core contention revolves around the addition of Rs. 60,19,934/- under section 41(1) of the Income Tax Act, 196...
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Category : Income Tax |
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0 | Hits : 3012 |
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Navigating Global Markets: PayPal, Razor Pay, and India's GST Refund Landmark
Posted Date : 11-Jul-2024 , 09:07:08 pm | Posted By
Chetan Singla
The rapid growth of Indian businesses leveraging technology has facilitated their expansion into global markets, with many utilizing online payment gateways like PayPal and Razor Pay for seamless international transactions. These gateways allow startups and service providers offering remote services...
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Category : Income Tax |
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0 | Hits : 2922 |
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Only unspent amounts for under construction house would be subject to Capital Gains Tax as per Section 54 of Income Tax Act, 1961
Posted Date : 10-Jul-2024 , 09:22:10 pm | Posted By
Chetan Singla
In the case of Sheela Ramchand Uttamchandani v. ITO [2024] 163 taxmann.com 265 (Mumbai - Trib.), the central issue revolved around the eligibility of Sheela Ramchand Uttamchandani to claim capital gains exemption under Section 54 of the Income Tax Act. Sheela had sold her residential property in Jul...
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Category : Income Tax |
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0 | Hits : 2710 |
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