A Comprehensive Guide for the FY 2023-24 with Auto Calculate Income Tax Preparation Software in Excel for the FY 2023-24
A Permanent Account Number (PAN) is a unique 10-character alphanumeric code issued by the tax authorities. It's used to identify individuals and entities for taxation and financial transactions. PAN helps track financial activities like income, taxes, and investments.
The Safe Harbour Rules for Transfer Pricing were introduced by the Finance Act, 2009 to reduce the transfer pricing disputes, provide certainty to taxpayers, align safe harbour margins with industry standards, and expand the scope of safe harbour transactions.
In recent years, the Income Tax Department has been processing income tax returns (ITR) faster. However, this speedy process has led to some issues. When ITRs are processed quickly, taxpayers might not have enough time to correct mistakes they made in their original returns.
Discipline regarding penal action under various tax laws are widely discussed. Two interesting recent cases under Income Tax allows one to reflect further.
If you earn money through a business or as a professional, there are certain rules set by the government that you need to follow. These rules ensure that your financial records are accurate and that you're paying the right amount of taxes.
The Finance Act, 2023 brought in an amendment in the perquisite valuation rules with regard to the value of rent-free or concessional accommodation provided by an employer to an employee, for the purpose of introducing uniformity / consistency.
Guide to Taxation and Documentation for Employee Stock Options Abroad in India
Lately we have seen serious hike in the prices of tomatoes and other farm produces. What about the Income tax on sale of tomatoes? What exactly is included in the agricultural activities?
The Aadhaar Card is a unique identification card issued by the Indian government. It contains a 12-digit unique identification number called Aadhaar number, which is linked to an individual's biometric and demographic data. It's used as a proof of identity and address for various government and private services in India.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
