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…
DTAA Made Simple: How NRIs Can Claim Tax Relief and Avoid Paying Tax Twice
DTAA Made Simple: How NRIs Can Claim Tax Relief and Avoid Paying Tax Twice An individual’s residential status plays a vital role in determining how their income will be taxed…
Receiving ESOPs as Part of Your Salary?
ESOPs are becoming increasingly popular in India, especially as more multinational companies include them in employee compensation packages. An Employee Stock Option Plan (ESOP) is a type of employee benefit…
RSU vs ESOP Taxation: Key Differences and Which One May Be Better for You
Employers frequently offer various benefits to retain existing employees and attract new talent. Among these incentives, equity-based compensation—granted in the form of company shares—is quite common. These shares are typically…
Udyam Registration Certificate
The Ministry of Micro, Small and Medium Enterprises (MSME) in India grants a digital certificate called the Udyam Registration Certificate to officially recognized MSMEs. This certificate, also referred to as…
Section 17(5) of the CGST Act – Blocked Input Tax Credit
Section 17(5) of the CGST Act, commonly known as the "blocked credit" provision, is a crucial clause for every regular GST-registered taxpayer. It outlines specific transactions where GST is paid,…
Budget 2025: Date, Time, and How to Watch the Live Broadcast
The Union Budget is presented every year on February 1st by Finance Minister Nirmala Sitharaman. This will be her eighth budget presentation and the second budget of the Modi government’s…
Understanding Notice under Section 142(1) of the Income-tax Act (ITA)
After you file your income tax return online, the Income Tax Department reviews it. If the assessing officer (AO) needs more information about any detail, they may send you a…
Section 80TTA of the Income Tax Act – A Guide to Claiming Deduction on Interest Income
Did you know that the interest you earn from your savings bank account is taxable? Many of us maintain savings accounts but are unaware that the interest received from them…