Articles by Affluence Advisory

Income Tax on Non-Resident Indians who sell House Property in INDIA

Affluence Advisory 09 May 2023 at 08:58

Capital Gains Tax applies if Non-Residents sell any House Property in India. The Tax is payable on gains depending on whether it is Long Term Capital Gains or Short Term Capital Gains.

Who is required to file ITR?

Affluence Advisory 08 May 2023 at 08:44

Income Tax return filing is mandatory if the Total Income of an Individual exceeds the maximum amount which is not chargeable to income-tax i.e Rs. 2,50,000 for individuals whose age is less than 60 Years.

Taxation Of Alternate Accommodation - Simplified

Affluence Advisory 05 May 2023 at 08:46

Redevelopment refers to the process of reconstruction of the premises by demolition of the existing structure and construction of new structure in its place. This is done by utilizing the potential of the land by exploiting additional TDR, higher FSI, etc.

Precautions while using Credit Cards

Affluence Advisory 28 April 2023 at 08:54

Credit cards are convenient, and widely accepted and offer benefits like cashback rewards, travel benefits, discounts at partner channels and fraud protection. At the same time, it is also equally important to be aware of how to use a credit card effectively to ensure that one gets the maximum benefits out of it.

Choose Right Tax Regime for FY 2023-24

Affluence Advisory 22 April 2023 at 14:52

If you FAIL to choose between the New and Old Tax Regime, the Employer will take the New Tax Regime as DEFAULT and deduct TDS under it.

Filing of announcements in XBRL format on NSE NEAPS and BSE listing centre

Affluence Advisory 21 April 2023 at 08:52

Now Stock Exchanges have vide their circular dt: March 31, 2023 have asked listed entities to submit following corporate announcements required to be filed under SEBI LODR in XBRL format with effect from April 01, 2023: ('effective date'):

Consequence of non-compliance with w.r.t maintenance of Books of Accounts, Statutory Registers and Minutes Book

Affluence Advisory 19 April 2023 at 14:59

In recent times, ROC has been diligently suspecting the non-compliance and passing stringent orders against the Company and its Directors. Therefore it has become important for the Company and Directors to ensure Compliance in true spirit and letter.

Registration Of Investment Advisor

Affluence Advisory 12 April 2023 at 08:44

Investment Advisor is a person or an organization who gives 'investment advice' to another person in exchange for monetary value.

Company Law for Independent Director

Affluence Advisory 05 April 2023 at 08:57

According to u/s 149(9) of companies act, an independent director shall not be entitled to any stock option and receive any remuneration by way of a fee provided under section 197 sub section 5, reimbursement of expenses for participation in a board and other meeting and profit related commission as may be approved by the members.

Additional affirmations by Practicing Company Secretaries (PCS) in Annual Secretarial Compliance Report (ASCR)

Affluence Advisory 25 March 2023 at 09:08

As per Regulation 24A of SEBI (LODR) Regulation,2015 the Annual Secretarial Compliance report is applicable to all listed entities. This report is to be submitted by the listed entities to the stock exchange(s) within sixty days from end of the financial year.