by CA Chinmay Shirish Agate | Jul 18, 2024 | Taxation
Voluntary retirement scheme is a mechanism used by employees seeking retirement earlier than their actual retirement due date. Under VRS employees are not forced to leave their job but they choose voluntarily to terminate their employment. Employers or companies offer...
by CA Chinmay Shirish Agate | Jul 10, 2024 | Taxation
Corporate Social Responsibility (CSR) expenses refer to the expenses that a company incurs to conduct activities that benefit society and the environment. These activities can include various activities, such as environmental sustainability programs, philanthropy,...
by CA Chinmay Shirish Agate | Jul 9, 2024 | Taxation
Undisclosed income, also known as black money or unaccounted income, refers to income that has not been reported to the tax authorities. This typically means that the income has not been declared in the income tax return, and therefore, no taxes have been paid...
by CA Chinmay Shirish Agate | Jul 8, 2024 | Taxation
In the world of businesses and finances, the most feared factor by any establishment is the occurrence of bad debts. Bad debts are those incomes which were supposed to be realised but those have eventually turned out to be non-collectible. They are considered as an...
by CA Chinmay Shirish Agate | Jul 7, 2024 | Taxation
In India, every person who dreams to buy a home has the helping ladder of housing loan finances. Home loans not only give financial assistance to buyers but it also provides several tax benefits to taxpayers. Buying a house will also be one of the most important long...
by CA Chinmay Shirish Agate | Jul 6, 2024 | Taxation
A partnership firm is a separate legal entity in the eyes of income tax act. It is to be assessed as a separate person apart from its partners. A partnership firm must file its Income Tax return reflecting all its business details like turnover, expenditures or...
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