Written By: Sunil Jaiswal
Date: 03/05/2023
Introduction to Outsourcing Accounting and Book-keeping Function
It is commonly believed that accounting and bookkeeping must be done within the organisation.....
Written By: Sunil Jaiswal
Date: 03/05/2023
What is Income Tax Planning?
Tax Planning means planning tax liability by taking benefits of the concessions and exemptions provided in the tax law. It involves the process of arranging business operations in such a way that reduces tax liability......
Written By: Swati Baid
Date: 18/05/2023
As per sec 44AD an eligible taxpayer can declare their income at a prescribed rate, without the need for maintaining regular books of accounts. The provision applies to small taxpayers who carry out a business or profession and have a turnover of up to Rs. 2 crores......
Written By: Swati Baid
Date: 18/05/2023
OLD REGIME TAX RATE Vs. NEW REGIME TAX RATE
Assessment Year 2023 - 24
In the Assessment year 2023 – 24 an assessee has the option to choose the tax rate under the Old Regime Tax Rate or New Regime Tax Rate as per his/her choice. Before opting for the New Regime Tax the assessee has to file a Form 10-IE within a prescribed time period.....
Written By: Swati Baid
Date: 18/05/2023
Startup
Who is eligible to enroll under the DPIIT Start Up Scheme
Written By: Swati Baid
Date: 25/05/2023
The following entities can claim the profit earned in a previous year as exemption u/s 80IAC:
Written By: Swati Baid
Date: 25/05/2023
Written By: Swati Baid
Date: 25/05/2023
Q: What is Section 80IAC of the Income Tax Act?
A: Section 80IAC of the Income Tax Act, 1961, provides tax benefits to eligible start-up entities registered on DPIIT.
Q: Who is eligible to claim benefits under Section 80IAC?.....
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