11 Jan, 2019

A relief for Small Service Provider under ...

GST council yesterday recommended a ‘’Composition Scheme’’ for the small Service Provider. The scheme which wa...

3 Jan, 2019

Various representations from Exporter of S...

Exporter of services raised issue that, what would be tax treatment if Exporter of services outsourced a portion of th...

2 Jan, 2019

Employee can also take Tax Credit If TDS f...

The biggest problem faced by employees is the mismatch between the TDS shown in Form 26AS and TDS deducted by Employer...

31 Dec, 2018

One more compliance which Founder of Priva...

We all borrow funds either from Non-banking financial Company (NBFC) to grow our business and pay Interest in the form o...

28 Dec, 2018

You know when your incomes are taxed thrice.

Government always try to make affords to avoid double taxation in India but their efforts is useless when same income be...

27 Dec, 2018

Income tax exemption for Startups

The government of India has launched ‘Startup india’ initiative on 2016 to build strong entrepreneurship. As a p...

26 Dec, 2018

Private Limited Company has one of the bes...

  Purchasing of own shares (Buyback of shares) at higher value is a popular method of distributing profits. One ...

25 Dec, 2018

Hindustan Unilever (HUL) was not passing o...

The GST anti-profiteering watchdog, National Anti-profiteering Authority (NAA), on Monday imposed a fine on consumer goo...

24 Dec, 2018

Genuine startups will not be taxed

On Wednesday government said startups would not be harassed if they receive consideration more than its fair price o...

18 Dec, 2018

Gifts from relatives are not taxable but i...

We all know, if value of gifts received is more than Rs.50,000 a year, then such amount is taxable in the hands of the r...

18 Dec, 2018

Do you pay Rent to your parents to claim H...

Most of you must be aware that if you are residing in a rented accommodation and your company is giving you HRA as a par...

18 Dec, 2018

Situation when Income of Wife is clubbed w...

By proper planning you can file separate income tax return of both Husband and Wife. Under the income tax act husband an...

15 Dec, 2018

When bank can share your financial details...

It often said that how income tax department (ITD) came to know about my transactions done through banks. Did you ever h...

15 Dec, 2018

Share valuation methods as per Income Tax Act

Before getting funds from Angel investors, either you need to get your business valuation done or investors do it yourse...

14 Dec, 2018

Paying Salary to Partner is not always bus...

Being an employee everyone wants consideration for their efforts; similarly partners want remunerations for time the...

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