In the distant past, I introduced the revolutionary concept of a "Family CA," drawing parallels to the trusted Family Doctor. Expanding upon this visionary idea, I am driven to delve deeper into its significance.
The evolution of NBFC sector over the years in terms of size , complexity and inter connectivity has led to increase in risk factor as well. To align with the regulatory framework of NBFC's with changing risk dimensions, SBR framework has been introduced by RBI, guidelines of which were effective from 1st October 2022.
Assessments of EPC contractors cannot be done merely by assuming and comparing accounts with Form 26AS same is applicable even for professionals
Two credit cards on one account refers to have multiple credit cards linked to the same credit card account.
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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.
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