by CA Chinmay Shirish Agate | Jul 21, 2024 | Taxation
Non-resident Indians always end up in a confusing task about managing their finances especially earnings and investments, from outside India. Among the many options available, two types of bank accounts stand out for their unique benefits and specific purposes: the...
by CA Chinmay Shirish Agate | Jul 20, 2024 | Taxation
Every taxpayer is looking for ways to save their taxes as taxes acts a pinch to taxpayer’s pocket. In search of these ways to save taxes, income tax department has given certain specific exemptions in income tax on particular incomes. Section 10 of the Income Tax Act,...
by CA Chinmay Shirish Agate | Jul 19, 2024 | Taxation
Budget in India is the most anticipated event, where every taxpayer is hoping that they get benefited from it. In current year, Budget was declared on 23rd July, 2024 due to General Loksabha Elections.This year’s budget was mainly focused on increasing productivity in...
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...
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