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The Annual Information Statement (AIS) is a document that displays the record of taxes deposited by an individual throughout a financial year.
It is well known to us that black money creates imbalances in the economy, finances terror and crimes like money laundering etc., and that it puts the honest at a disadvantage also deprives the State of the much-needed revenues which adversely affects the poor people of the country.
If you make a mistake on your filed Income Tax Return (ITR), the tax department can send you a notice. Basically, there are six main types of income tax notices that salaried individuals might receive
The Income Tax Department has recently taken action to address the issue of individuals failing to disclose their additional income from moonlighting activities in their Income Tax Returns (ITRs).
Certainly! In an effort to encourage people to comply with tax regulations, the government introduced the concept of an "updated income tax return" as part of the 2022 Budget.
Financial ratios are quantitative tools that offer insights into a company's financial performance, health, and stability. These ratios are calculated using various financial figures extracted from a company's financial statements, such as the balance sheet, income statement, and cash flow statement.
The material on this page will help you understand "What is DIN?", "Why is it necessary to surrender DIN?," what information must be included in Form DIR-5, and what documentation is needed for Form DIR-5 for Surrendering of DIN.
In line with the guidelines set forth by the Institute of Chartered Accountants of India, let's explore various strategies that Chartered Accountants can adopt to ethically and effectively communicate their services
The Law on the subject is encapsulated in Chapter XIII of the Companies Act, 2013 (hereinafter "The Act") and provisions contained in Section 196, 197 and 198 read with Schedule V to the Act , are in the main to be examined for a proper understanding of the nuances of the law.
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