As the name suggests, it is an agreement between two countries. The purpose of which is to enable taxpayers to avoid paying taxes for the same income in both countries (resident country and the country in which such revenue is generated).
Double Taxation Avoidance Agreement Read More »
Where an advice has been issued for payment of LSF, and such LSF has not been paid within 30 days. Such advice will be considered null and void.
One-time Small savings scheme for 2 years with a deposit facility of up to Rs. 2 Lakhs for women (Interest at 7.5% with partial withdrawal option).
Budget 2023 Highlights Read More »
Labour welfare fund (LWF) is an employee welfare scheme governed by the state government. Like EPF (Employee provident fund) and ESI (Employee State Insurance)
Labour Welfare Fund Read More »
A Private limited company is tied with many regulations and compliances, if you do not carry on any business and the company is just sitting there, withstanding the test of time, the company is infact accumulating all the non-compliances which has to be complied..
A Private limited company is tied with many regulations and compliances, if you do not carry on any business and the company is just sitting there, withstanding the test of time, the company is infact accumulating all the non-compliances
FAST TRACK EXIT under section 248 of the Companies Act, 2013 Read More »
The description “Agreeing to the obligation to refrain from an act or to tolerate an act or a situation, or to do an act” has been included within the ambit of supply as per entry no 5(e) of Schedule II of the CGST Act, 2017.
Section 44AA of the Income Tax Act, 2017 requires certain classes of taxpayers to mandatorily maintain books of accounts.
Section 44AA of the Income tax Act, 1961 – Compulsory Maintenance of books of accounts Read More »
Before understanding what HRA means, you should first understand that an employee’s salary is basically divided into several components. For example, some of the components might be, basic salary
In simpler terms, associated enterprises are enterprises which directly or indirectly control another enterprise. Control can be exercised through various means such as, equity investment, participating in the management
Associated Enterprises – Section 92A of the Income Tax Act, 1961 Read More »
