Skip to content
Neeraj Bhagat & Co.
  • Home
  • Blog
  • Enquire Now!

Category: Others

July 12, 2022 / Others

Why CA Day Celebrated?

July 1st of every year will be the CA day. The 74th Anniversary of its foundation will be celebrated by the Institute of Chartered Accountants of India (ICAI) on July 1st as it is 2022. To date, in a massive country like India, a country with at least a billion people, there are only 4 …

Continue Reading
Section 194H – TDS on Brokerage or Commission
June 29, 2022 / Others

Section 194H – TDS on Brokerage or Commission

Section 194H contains guidelines about tax deductions on the amount paid as brokerage or commission. Entities making a payment as commission or brokerage to a resident have to make a tax deduction at a 5% rate. This amount has to exceed Rs. 15,000 in one financial year otherwise individual/HUF are not responsible to deduct TDS. However, …

Continue Reading
Legitimate Foreign Currency while travelling Abroad
April 26, 2022 / Others

Legitimate Foreign Currency while travelling Abroad

Slowly and steadily after a long gap, several countries have opened their door for foreign tourist. Last two years have been worse hit for travelling both domestic & international whether for fun or for business and education etc. But now since this restriction is almost over so for those who intend to pack their bags …

Continue Reading
Should you buy a property through a limited company?
March 28, 2022 / Others

Should you buy a property through a limited company?

Property purchases using companies have become increasingly popular in recent years. If you are a business owner, contractor, or independent professional who operates through a company, you may have contemplated purchasing property through your company. Property purchases using companies have become increasingly popular in recent years. For most higher-rate taxpayers, acquiring rental properties through a …

Continue Reading
Budget 2022 | From tax break to endowment funds
January 25, 2022 / Others

Budget 2022 | From tax break to endowment funds, a pre-budget wish list of some Indian startups

In the last two years, startups in our country faced unprecedented challenges due to the ongoing pandemic. Funds dried up for most, many entrepreneurs reeled under the multiple taxes, and quite a few shut down operations. Now, all eyes are on Finance Minister Nirmala Sitharaman as this year’s Union Budget is about to be unveiled. …

Continue Reading
Delhi High Court dismisses 1,346 reassessment notices issued after March 31, 2021
January 8, 2022 / Others

Delhi High Court dismisses 1,346 reassessment notices issued after March 31, 2021

The Division bench of the High Court of Delhi in the case of Mon Mohan Kohli Vs Assistant Commissioner of Income Tax & Anr. quashed all reassessment notices on 15th Dec, 2021 issued by taxmen under the old regime on or after April 1, 2021, bringing in a huge relief for the taxpayers. They made …

Continue Reading
How to cancel an SRN No. Approved by ROC
December 23, 2021 / Others

How to cancel an SRN No. Approved by ROC?

An approved SRN can be cancelled and the entire process is offline and consists of following steps and documentation: – > Visit the respective ROC of the States, where the registered office of the Company is situated.> Submit few documents such as an application, Affidavit, Undertakings Declaration duly signed by any of the director of …

Continue Reading
Electoral Trust (ET)
October 26, 2021 / Others

Electoral Trust (ET)

As per Section 17CA of Income Tax Rules (1962), an Electoral Trust (ET) is a non-profit organization established for orderly receipts of voluntary contributions from any person for distributing the same to political parties, registered under Section 29A of the Representation of People Act, 1951. Objective of Electoral TrustElectoral Trusts are designed to bring in more transparency …

Continue Reading
Income Tax Deduction on Donation
September 23, 2021 / Others

Income Tax Deduction on Donation

Section 80G of the Income Tax Act, 1961 enables an assessee to claim deduction for donation made by him to certain organizations. This deduction is subject to certain conditions. The motive of Government of India behind introduction of 80G deduction is to encourage donation towards worthy causes. Under 80G, the amount donated to notified funds …

Continue Reading
Tax Implications In Case of A Deceased Assessee
May 29, 2021 / Others

Tax Implications In Case of A Deceased Assessee

Amid the verge in COVID 19 cases in this second wave of the deadly pandemic, unfortunately, we have faced a lot of deaths in this second wave. Therefore, it is pertinent to discuss the tax implications in case of a deceased Assessee Computation of Income of the DeceasedAll the income earned from the start of the …

Continue Reading

Posts navigation

  • 1
  • 2
  • 3
  • Next

Drop us a message

captcha

Recent Posts

  • Trademark Registration in India: A Comprehensive Guide May 27, 2023
  • Valuation Certificate: An In-Depth Guide for Indian Businesses May 22, 2023
  • TDS on various incomes of Non-Resident Individual October 14, 2022
  • Foreign Tax Credit: A Bird’s Eye September 13, 2022
  • Healthcare Taxation under GST August 23, 2022
  • TDS under Section 194R & Section 194S of Income Tax Act, 1961 July 21, 2022
  • Overview of LLP Version 3 June 20, 2022
  • Specified Violation under section 12AB of Income Tax Act, 1961 June 9, 2022
  • Section 188 – Related Party Transaction (RPT) June 1, 2022
  • Payroll Accounting April 19, 2022

Categories

  • Business (78)
  • Companies Act (25)
  • Company Formation / Registration (6)
  • Consultant (1)
  • Direct Taxation (36)
  • FDI (7)
  • FEMA (21)
  • Foreign Investment (15)
  • Goods and Services Tax (GST) (44)
  • News (1)
  • Others (21)
  • Tax Consultancy (4)
  • Taxation (19)
  • Uncategorized (2)