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LLP vs Company: Which is Better for Ease of Doing Business in India?
Choosing the right business structure, whether an LLP or a Company, is vital for aligning with business goals. Companies, with a longer history in India, offer widespread recognition, while LLPs, introduced in 2008, bring flexibility.
Understanding New Capital gain Tax post Budget 2024
Understanding the recent Capital Gain Tax changes post-Budget 2024 is crucial for investors and taxpayers. This blog breaks down the modifications effective from July 23, 2024, to guide your financial planning.
Last date to file ITR-U for AY 2022-23 is 31.03.2025
The ITR-U, or Income Tax Return-Updated, allows correction of errors or omissions in previous ITRs and can be filed within two years from the end of the relevant assessment year.
Key Highlights of Union Budget 2024
The Budget 2024 brings significant changes in direct and indirect taxes to foster economic growth and public welfare. Key highlights include tax reforms to provide relief to taxpayers, support domestic industries, and streamline compliance regulations. Click to know more…
Disclosure of Foreign Assets & Income in ITR
The disclosure of foreign assets and income in ITR is a key requirement under the Income Tax Act, 1961. Schedule FA necessitates detailing all foreign assets. Clear any confusion with our FAQs.
Changes on e-filing portal and Common issues while filing ITR
In this blog, we will discuss the changes on e-filing portal and common issues while filing ITR including Up-dation of ITR Forms for AY 2024-25 and so on…
Auditor Reporting for Audit Trail
In this blog, we will discuss meaning of Audit Trail and its legal backing and Auditor responsibility for audit trail. Let’s look at the provision and Auditor responsibility for Audit trail.
Principle of Natural Justice w.r.t Adjudication Process in GST
The principles of natural justice, also known as procedural fairness, are fundamental in any legal or quasi-legal process, including adjudicatin
FAQs related to E-Invoicing
Are you curious about how e-invoicing can streamline your business operations and simplify tax compliance? Explore our FAQs for clarity
Section 43B MSME Payment Amendment and its implications
The micro, small and medium enterprises (MSME) sector play a vital role in the economic growth of India. A recent amendment with respect to the Payment
Relief to TDS Deductors wrt Inoperative PANs
Central Board of Direct Taxes (CBDT) has issued Circular No. 6 dated 23rd April 2024, to provide a relief to deductors/collectors
Old Tax Regime vs New Tax Regime
As tax season is about to begin, let’s delve into a simplified discussion on the Old Tax Regime vs New Tax Regime. Until last year.
All about Updated Income Tax Return
A new provision of updated tax returns has been lately introduced by our FM in the latest budget speech. Since then it has been creating
FAQs related to PAN, Aadhar & Income Tax
After the harmonious reading of the section, it could be said that anyone who is eligible to obtain an aadhar number must mandatorily intimate
Amendments in Schedule III to Companies Act, 2013
The ministry of corporate affairs (MCA) has introduced an amendment vide Notification G.S.R. 207(E) dt. 24th March 2021
Which ITR Should I File?
Income tax departments routinely issue various forms for filing the Income-tax return and there is always an ambiguity among
Who should file an Income Tax Return (ITR)?
There is a myth floating around in the market that a person is required to file an Income tax return (Commonly known as ITR)
Amateur’s guide to E-Invoicing in GST
E-Invoicing has been in a long talk since the introduction of GST in the year 2017. And in the past couple of years,
Can rent paid to a spouse be claimed as a deduction against HRA allowance?
Claims of rental paid to spouse as a deduction against House rent allowance (HRA) have been a matter of debate since its inception
Capital Gain Index
As per Notification No. So 3266(E) [No. 63/2019 (F.No. 370142/11/2019-TPL)], Dated 12-9-2019, the following table
All About 15CA 15CB
Every person liable for making payments to non-residents shall deduct TDS from the payments made to non-residents
Relaxation to assesses whose GSTIN cancelled from 15.3.2020 to 14.3.2021
The Hon’ble Supreme Court of India, in view of the Global Pandemic Situation across the Country, took Suo Motu cognizance
Impact of Covid–19 on Preparation of Financial Statements
As the Covid-19 outbreak is rapidly spreading in India, particularly at the time of book closure, how it is going to impact
Reporting by Auditor under Covid–19 Environment
Our world is dealing with the pandemic which is unprecedented. And the damage it is bringing to the economy and company
Registration under Goods and Service Tax
Once a business is formed, the promoter feels the need to get his business entity registered under the recognized tax regime
New ITR forms for AY 2020-21 notified
New Income Tax Return (ITR) forms for AY 2020-21 notified: Key Changes and Disclosures CBDT has notified the new ITR […]
Annual Information Statement
ANNUAL INFORMATION STATEMENT (AIS) Implementing the changes suggested by Finance Minister in Union Budget of 2020, CBDT has replaced the […]
All About PAN
All you need to know about PAN and how it is sturtured Ques: What is the permanent account number (PAN)?A […]
Atmanirbhar Bharat Part-5
Today, 17th May 2020, FM Nirmala Sitharaman announced India Mega Economic Package (Atmanirbhar Bharat Part-5). Beneficiaries Covered in this Incentives […]
Atmanirbhar Bharat Part-4
Today, 16th May 2020, FM Nirmala Sitharaman announced India Mega Economic Package (Atmanirbhar Bharat Part-4). Beneficiaries Covered in this Incentives […]
Atmanirbhar Bharat Part-3
Today, 15th May 2020, FM Nirmala Sitharaman announced India Mega Economic Package (Atmanirbhar Bharat Part-3). Beneficiaries Covered in this Incentives […]
Atmanirbhar Bharat Part-2
Today, 14th May 2020, FM Nirmala Sitharaman announced India Mega Economic Package (Atmanirbhar Bharat Part-2). Beneficiaries Covered in this Incentives […]
Atmanirbhar Bharat Part-1
Today, 13th May 2020, FM Nirmala Sitharaman announced India Mega Economic Package (Atmanirbhar Bharat Part-1). Beneficiaries Covered in this Incentives […]
Setting Up Business in India
Introduction Generally, an entrepreneur after testing his idea is usually confused as to how to proceed with his venture. As […]
Relief Measures to Combat Covid-19
We Adlakha Kukreja Group hope that you and your family is safe and healthy in the midst of this pandemic. […]
Service Exports from India Scheme (SEIS)
What is SEIS? Service Exports from India Scheme (SEIS) aims to promote export of services from India by providing duty […]
Highlights of Budget 2019
Some recent developments that took place in Union Budget 2019 presented by Mrs Nirmala Sitharaman (Finance Minister) on 06th of […]
Standard Operating Procedure for Prosecution In Cases Of TDS/TCS Default
Standard Operating Procedure for Prosecution In Cases Of TDS/TCS Default Standard Operating Procedure for Prosecution In Cases Of TDS/TCS Default […]