Incomes that do not fall under any of the other heads will fall under the head of 'Income from Other Sources'. A taxpayer who receives Income from Other Sources is eligible to deduct expenses.
Form 16B is a certificate for tax deducted at source under section 3 of the Income Tax Act on the sale of Immovable Properties.
Can LLPs do financing activity? If an LLP wishes to run non-banking financial activity, then it is required to obtain prior approval from the Reserve Bank before starting the business.
West Bengal Profession Tax is a tax levied on a person engaged in any profession, trade, calling and employment in West Bengal.
A salary slip or a pay slip is a document provided by an employer to an employee, with a detail list about the salary components such as HRA, LTA, bonuses, and deductions for a specific period, typically a month.
The Pay Commission established by the Central Government for reviewing and proposing alterations to the salary structure for government employees. The most latest Pay Commission was instituted in 2014, and its recommendations were implemented in 2016.
Under GST regime for quick and easy Movement of goods across India without any hindrance, all the check posts across the country are abolished. However to track the movement of goods &controlling any Tax evasion E-way Bill system has been introduced.
In February 2024, the ICSI issued revised drafts of SS-1 and SS-2 which will come into effect from 1 April 2024.
Starting a business in India requires the promoters to consider many things. One of the important factors to decide is the structure of the entity. Here is the rundown of the various options.
Filing Income Tax Returns (ITR) can be confusing and time-consuming when not done methodically. Here are a few points to remember to aid everyone’s return filing process.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English