Taxpayers are expected to make compliance that they are required to do with the Income Tax. It may either be related to return filing of income tax or replying and adhering to notices or orders of the income tax department. However, there are...

A company is a legal entity recognized by law, which means it has a distinct legal personality separate from its owners or members. This separation allows the company to own assets, incur liabilities, enter into contracts, sue, and be sued. This...

LEI Reporting in ITR Explained in DetailIncome tax department has recently come up with an important addition in reporting requirements to Income Tax returns from AY 2024-25 in certain cases. This recent development has come after a notification...

Scrutiny under income tax means a detailed examination and verification of a taxpayer's income tax return. This is done by income tax authorities like assessing officers, CITs or DCITs, other principal officers or even through Computer-Assisted...

Stock market is a place where various stakeholders of the society invest their corpus with a purpose of generating wealth. Companies willing to raise funds make an offer to public and other players of the industry. This process of making offer to...

India is currently the fifth largest economy in the world. With a sharp increase in startups in India in the last few years, it helped India achieve this step. To promote establishment of startups, there are many attractive tax benefits allowed for...

Income tax department requires taxpayers to furnish certain critical information through various forms on the e filing portal. In case of foreign remittances, a person is required to have knowledge about filing of Form 15CA and Form 15CB. In this...

SIP (Systematic Investment Plan) has become a new mode of investment and creation of wealth for many investors. SIPs are systematic plans for investing in Mutual funds, but instead of investing an amount in lumpsum, people prefer to invest in...