Karnataka High Court entertains writ petition challenging reassessment proceedings with respect to capital gains case where sale consideration exceeds Rs.50 Lacs but capital gains is below Rs.50 Lacs

The Karnataka High Court has recently granted an interim stay on the reassessment proceedings in a capital gains case, where the sale consideration exceeds Rs. 50 Lacs but the capital gains amount is below Rs. 50 Lacs. The notice in question pertains to the Assessment Year 2016-17, which was issued in March 2023. The petitioner, …

All about the TDS and TDS Return, Due Dates and TDS Forms

TDS or Tax Deducted at Source is a tax collection mechanism under which a certain percentage of tax is deducted from the payment made to a person or entity. The person or entity making the payment is required to deduct TDS and deposit the same with the government. TDS is applicable on various types of …

Brief about the filing of ITR for FY 2022-23 and Steps to File ITR

The start of a new financial year marks the beginning of the process of filing Income Tax Returns (ITR) for the previous financial year. With the financial year 2022-23 having come to a close, the process of filing ITR for FY 22-23 has now begun. Filing ITR is a legal requirement for individuals and businesses …

Importance of Filing of ITR for Financial year 2022-23 and Benefits of Hiring CA firm in Gurgaon

Filing income tax returns (ITR) is a crucial aspect of financial planning for individuals and businesses alike. It is a legal obligation for those who earn a certain level of income in India to file their ITR with the Income Tax Department. The deadline for filing ITR for the financial year (FY) 2022-23 is 31st …

Whether to opt for the Old Tax Regime or the New Tax Regime

As the new financial year has begun, taxpayers are faced with a critical decision – whether to opt for the old tax regime or the new tax regime. This decision has become all the more important as the government has made some significant changes to the tax regime in the previous year, and taxpayers must …

Unlocking the Key Components of a Competitive Salary Structure: A Guide for CA Firm in Gurgaon and Faridabad

A salary structure is a combination of various components that make up an employee’s total compensation package. Understanding the various components of a salary structure is crucial for both employees and employers to ensure fair and competitive compensation. In this article, we will discuss ten key components of a salary structure. In conclusion, a comprehensive …

Unlocking Business Success through Salary Structuring: The Importance and Benefits, with Insights from a CA Firm in Gurgaon and Faridabad

Salary Structuring: A Key Factor for Employee Retention and Business Success A well-structured salary package not only helps in attracting new talent but also plays a crucial role in retaining employees. It is a tool that can motivate employees to perform better and increase their productivity. Therefore, businesses must pay attention to salary structuring and …

Maximizing Benefits and Reducing Tax Liability: All About House Rent Allowance (HRA) in Gurgaon and Faridabad with Expert Insights from CA Firm

House Rent Allowance, commonly known as HRA, is a component of the salary package provided by an employer to their employees to meet the expenses of renting a house. This allowance can be a significant part of the salary package, especially for those who reside in metropolitan cities like Gurgaon and Faridabad. In this article, …

Simplifying GST Returns: A Guide for Businesses in Gurgaon and Faridabad with the Help of CA Firm

As a business owner in Gurgaon or Faridabad, understanding the Goods and Services Tax (GST) and complying with its return filing requirements is crucial for the smooth operation of your business. The GST regime, introduced in India in 2017, has streamlined the indirect tax structure by replacing various state and central level taxes with a …

Avoiding Mistakes in Income Tax Return (ITR): Tips from CA Firm in Gurgaon and Faridabad

Filing income tax returns (ITR) is a crucial responsibility for every taxpayer in India. It ensures compliance with the law and helps individuals and businesses fulfill their tax obligations. However, despite the importance of ITR, mistakes can often occur, leading to penalties, fines, and even legal troubles. To avoid such complications, it is crucial to …

Talk to us
Chat with us