by CA Chinmay Shirish Agate | May 21, 2024 | Taxation
Reporting Goods and Services Tax (GST) details in income tax returns in India is crucial for businesses that are registered under the GST regime. One crucial aspect is reporting GST details in income tax returns. Understanding this process is essential for businesses...
by CA Chinmay Shirish Agate | May 21, 2024 | Taxation
Investing in a property has always been a dream of every individual, but it is very often that these individuals are unaware of the tax benefits they might enjoy with investing in a property. Sections 54 and 54F of the Income Tax Act provides exemptions from tax to...
by CA Chinmay Shirish Agate | May 21, 2024 | Taxation
While filing income tax returns for assessees having income from businesses, it is mandatory to follow certain guidelines as specified in the respective applicable acts. Business expenditures will be disallowed if such conditions are not fulfilled. One of such...
by CA Chinmay Shirish Agate | May 21, 2024 | Taxation
Co-operative society means a society registered under Co-operative Societies Act, 1912 or any other law in force in any State for the registration of co-operative societies. The Finance Act 2023 has introduced a new tax scheme under section 115BAE for the resident...
by CA Chinmay Shirish Agate | May 21, 2024 | Taxation
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 instances where a...
by CA Chinmay Shirish Agate | May 21, 2024 | Taxation
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 vary separation...
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