Real estate is a lucrative investment avenue that has been popular among investors for decades. In India, real estate is a major contributor to the country’s GDP and has shown significant growth in the past few years. However, with the growth of the real estate sector, the government has also introduced various tax regulations, including …
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Income tax returns (ITR) are a crucial part of any individual’s financial planning. It is mandatory to file ITR if you have earned any capital gains during the financial year. Capital gains can be earned from various sources such as shares, mutual funds, properties, etc. In this article, we will focus on ITR filing in …
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As the new financial year has begun, the Income Tax Return (ITR) filing season has started. Businesses in Gurgaon and Faridabad need to be prepared to file their ITR and gather all the necessary documents required for the process. Businesses in Gurgaon and Faridabad are required to file their ITR irrespective of whether they have …
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The Policy Circular No. 1/2023 dated April 17, 2023 by the DGFT has introduced a procedure for Advance and EPCG authorization holders to apply for an Amnesty scheme for a one-time settlement of default in export obligation. The Public Notice No. 02/2023 dated April 01, 2023 specifies the following steps for filing the application: RAs …
Filing income tax returns (ITR) is a crucial aspect of financial planning for individuals and businesses alike. It is a legal obligation for those who earn a certain level of income in India to file their ITR with the Income Tax Department. The deadline for filing ITR for the financial year (FY) 2022-23 is 31st …
A salary structure is a combination of various components that make up an employee’s total compensation package. Understanding the various components of a salary structure is crucial for both employees and employers to ensure fair and competitive compensation. In this article, we will discuss ten key components of a salary structure. In conclusion, a comprehensive …
As a business owner in Gurgaon or Faridabad, understanding the Goods and Services Tax (GST) and complying with its return filing requirements is crucial for the smooth operation of your business. The GST regime, introduced in India in 2017, has streamlined the indirect tax structure by replacing various state and central level taxes with a …
If you are a business owner in India, you might have heard of the Goods and Services Tax (GST) – a unified tax system that replaced multiple indirect taxes in the country. Under the GST regime, businesses are required to obtain GST registration to legally carry out their operations. If you are a business owner …
Under this Act, any GST registration granted can be cancelled by the proper officer under certain circumstances, as outlined in this section. The cancellation may occur either on the officer’s own accord or upon application by the registered person. Some of the reasons for cancellation include discontinuation or full transfer of the business, amalgamation with …
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The Delhi High Court has overturned an order that rejected an application made by an individual Assessee seeking immunity from penalty proceedings under Section 270AA. The Court found that the Assessee was not given an opportunity to be heard, as mandated by Section 270AA(4), before their application was dismissed. The Assessee had filed a return …
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