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 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.
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.
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...
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.
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...
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.
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
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...