by CA Chinmay Shirish Agate | May 25, 2024 | Taxation
Majority population of our country is the hardworking class of people who are under employment of some or the other organisation. They render their services to their employers in return for a consideration in the form of salary. There exists a formal employer employee...
by CA Chinmay Shirish Agate | May 25, 2024 | TDS
Annual Information Statement (AIS) is a detailed and comprehensive summary of information for a taxpayer during the relevant financial year. AIS information is based on information reflected in Form 26AS on traces portal. Since AIS is a summary of information based on...
by CA Chinmay Shirish Agate | May 22, 2024 | Taxation
Depreciation means reduction in the value of a particular asset due to wear and tear process. Depreciation is calculated by using two methods which are i) SLM i.e. Straight Lime Method or ii) WDV i.e. Written Down Method Income tax allows using of WDV method for...
by CA Chinmay Shirish Agate | May 22, 2024 | TDS
Deduction of taxes at source is an important source of revenue for government to have their working capital needs in place. TDS means tax deducted at source, at the time of making payments as mentioned in the provisions of Income Tax Act, 1961. TDS is deducted by the...
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