by CA Chinmay Shirish Agate | Sep 1, 2024 | Taxation
The Income Tax Department of India overlooks the administration of direct tax laws in the country, primarily focusing on Income Tax Act, 1961. It works under the Department of Revenue in the Ministry of Finance. Central board of Direct Taxes(CBDT) is the apex body...
by CA Chinmay Shirish Agate | Aug 26, 2024 | Taxation
PAN i.e. Permanent Account Number is a unique ten-character alphanumeric identifier number issued by the Income Tax Department to every individual who applies for the same upon verification of documents. PAN is used to keep a track of financial transactions done by an...
by CA Chinmay Shirish Agate | Aug 25, 2024 | Taxation
Selling of an immovable property often requires ample of knowledge related to taxation, stamp duty valuation or capital gains etc. In order to ensure a hassle free property sale or purchase transaction, one has to evaluate correct valuation for accurate calculation of...
by CA Chinmay Shirish Agate | Aug 24, 2024 | Taxation
Income Tax Act, 1961 has specified different types of taxpayers for taxation purposes. This includes individuals, HUFs, Partnership firms or companies etc. Every type of taxpayer is taxed at a different rate based on their status. Similarly, various types of...
by CA Chinmay Shirish Agate | Aug 23, 2024 | Taxation
Tax planning consists of making certain adjustments in order to reduce tax liability in a legal and ethical way. Sometimes certain transfers of assets might be made to avoid tax liabilities for protection of revenues in certain cases. Specifically, section 281 of the...
by CA Chinmay Shirish Agate | Aug 22, 2024 | Taxation
Any person who invests in any form expects something in return. Dividend is one such form of return on investment which investors of stocks and mutual funds expects to receive. Dividend refers to the returns a shareholder receives for investing in a company. A deemed...
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