The Government demands people to file income tax returns (ITRs) to get information about their income and to check if tax on the income earned has been correctly paid. Filing...
The Government demands people to file income tax returns (ITRs) to get information about their income and to check if tax on the income earned has been correctly paid. Filing...
A charitable trust enjoys a varying degree of tax benefits in most countries. In India, trusts set up for the social causes and as approved by the Income Tax Department...
It has been almost 5 years since GST laws were implemented. Subsequently, on creating robust processes and rules for GST law implementation and encountering a few bumps along the way,...
Valuation is the most fundamental term in finance but is extremely crucial to understand while deriving the value. Also, several events in recent past have transpired to provide an indication...
The rise of artificial intelligence (AI) has opened up a host of new possibilities for accountants, including the use of chatbot AI. Chatbot AI (Artificial Intelligence) is a software program...
Over the years, MSME sector has emerged as a highly vibrant and dynamic sector with a significant contribution in the Indian economic and social development, by fostering entrepreneurship and generating...
All the Companies in India are required to file eForms with the Registrar of Companies (RoC). Important update here is that recently the MCA has upgraded the portal from Version...
For ideal tax administration punctual refund mechanism is crucial, as it clears the way to trade through release of blocked funds. Now, under the GST regime the claim for refund...
Central Board of Direct Taxes (CBDT) has put forward the idea of a new common Income Tax Return (ITR) which will replace all except ITR 7 form and notified an...
Known to be a highly cash-dependent economy, India has opened doors to electronic payments and cashless transactions only recently. The switch from Manual Payments to Electronic Payments has been rather...