GST vs Income Tax: Understanding the Difference Between GST and ITR Filing
For every taxpayer in India, it is important to know how the tax system works and the correct way to file both direct and indirect taxes. Having a clear understanding…
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Section 115H of Income Tax Act: Benefits & Provisions
Under the provisions of the Income Tax Act, 1961, an individual can have one of three residential statuses — Resident, Non-Resident Indian (NRI), or Resident but Not Ordinarily Resident (RNOR).…
Section 37 of Income Tax Act: List of Expenses Allowed & Disallowed as Deduction from Business Income
In India, the government offers certain tax deductions to businesses to promote growth. These deductions apply only to specific expenses outlined under Section 37 of Income Tax Act. To file…
Renewal of 12A and 80G Registration
In India, charitable trusts, societies, and NGOs can get tax benefits and help their donors claim deductions by registering under Sections 12A and 80G of the Income Tax Act, 1961.…
Get Your PAN Card in 48 Hours – Simple Guide to Expedited PAN Issuance
A PAN (Permanent Account Number) card is an essential identification document for both individuals and businesses in India, used for financial transactions and meeting income tax requirements. Generally, it takes…
Process for PAN Card Application for NRIs
For Non-Resident Indians (NRIs), a PAN card is more than a formal requirement—it plays a key role in managing finances and making investments in India. It helps maintain tax compliance…
Merchant Navy Workers Taxation in India
Seafarers, Merchant Navy Workers Taxation In India - Services In All Major Cities In India i.e. Delhi NCR, Mumbai, Kolkata, Chennai, Kerala, Hyderabad, Bangalore, Gujarat, Punjab, UP, Other Cities What…
Seafarer/Merchant Navy Officer Income Tax Filing
A seafarer is a professional engaged in working aboard watercraft such as ships, typically responsible for navigation, operations, or maintenance under a contractual arrangement. How Is Income Tax Filing Different…
Auditing Requirements of Private Limited Company
Once a private limited company is incorporated, it must adhere to several compliance obligations under the Companies Act, 2013. One such essential requirement is the conduct of an audit, which…
Understanding Form 15CB and CA Assistance
What is Form 15CB? Form 15CB is a certificate issued by a Chartered Accountant (CA) when a person makes payments over ₹5 Lakh in a financial year to a Non-Resident…