All about Limited Liability Partnership
Limited Liability Partnership Hey everyone! Welcome back. In our last blog we discussed the Partnership form of Business and its suitability. If you really like…
Tax Deducted at Source (Part 1) – Deduction and Deposit
The concept of TDS was introduced with an aim to collect tax from the very source of income. As per this concept, a person (deductor)…
How to file Tax Audit Report Practically
Hello Guys, In today’s blog let’s see how to file a tax audit report through the Income-tax portal in a detailed step-wise manner. If you…
Tax Audit Series FY 21-22 – Contents and Particulars of Tax Audit Report (Part-1)
Hello, This is our 2nd post in the tax audit series. In this blog, We are going to have a discussion about the contents of…
Tax Audit Series FY 21-22 – Contents and Particulars of Tax Audit Report (Part-2)
Hello Guys, Welcome to the 3rd part of the Tax Audit Series. In this post, we will have a detailed explanation of the remaining clauses…
Tax Planning for Salaried Employees
Tax Planning refers to financial planning that leads to a reduction in Tax Liability by way of investing in certain tax-saving investments and incurring expenses which…
All about 26AS, AIS and TIS
Hi guys, We all are familiar with Form 26AS. However, Income Tax Department has amended Form 26AS vide Notification dated 28th May 2020, vide section 285BB…
How to choose the correct ITR Form – Types of ITR & Who is eligible?
Taxpayers can furnish information about their income and tax payable to Income Tax Department by filing Income Tax Returns (ITR). CBDT has notified 7 ITR…
Who is required to file Income Tax Return (ITR) and Why is it required?
Who should file an Income Tax Return (ITR)? The persons who are mandatorily required to file their Return of Income have been specified under section…
Section 194R of Income-tax Act, 1961 – Deduction of tax on benefit or perquisite
A New Section 194R has been introduced through The Finance Act, 2022 which deals with the deduction of tax at source on benefit or perquisite…