Section 45 of the Income Tax Act, 1961, provides that any profits or gains arising from the transfer of a capital asset effected in the previous year will be chargeable to income tax under the head 'Capital Gains'.
The Income Tax Department of India has been increasingly monitoring high-value credit card transactions as part of its efforts to curb tax evasion and ensure better tax compliance.
Tax audit limit specifies the threshold for businesses and professionals, beyond the limit must get their accounts audited under Section 44AB of the Income Tax Act.
Section 2(22) of the Income-tax Act, 1961 (the Act), deals with Dividends. Sub-clause (e) of section 2 sub-section (22) of the Act includes payments made by a private company by way of advance or loan to a shareholder
Charitable Trusts, Societies, Section 8 Company that receive foreign contribution or donation from foreign sources are required to obtain registration under section 6 of Foreign Contribution Regulation Act, 2010.
In this article, we'll be able to guide you through the process of getting better at the Form 16A password, with sensible recommendations to avoid future demanding situations.
et's explore the essential documents required for filing income tax returns in India.
Under Direct Tax Vivad Se Vishwas Scheme, 2024scheme, appellants with pending appeals or writ petitions related to direct taxes can resolve disputes by paying a portion of the disputed tax, interest, penalty, fee. The benefits vary depending on when the dispute is settled.
The Memorandum of Association (MoA) is an essential record for any corporation, outlining the foundational components that govern its sports.
In this exploration, we'll delve into key taxation issues faced by NRIs and explore potential solutions to these challenges.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English