To qualify for recognition, your entity must meet these four criteria: Entity Type: Must be a Private Limited Company, LLP, or Registered Partnership. Eligibility: An entity shall be considered as…

2. Extension of time limit for ϐiling revised return from 31st December to 31st March with nominal late fees. 3. Allowing ϐiling of updated return for reduction of losses: Updated…

Due date for making payment to MSME Creditors and calculation of InterestParticulars IF Payment Terms not Decided  (Make Payment within 15 Days)If Payment Decided for -Less than 45 Days (for example 30…

1. ROCE :- Capital Employed = Shareholders’ Fund + Long Term Debt ROCE should always be higher than the rate at which the company borrows. • ROCE ratio can assist in…

Whosoever Directly or Indirectly atempts to• indulge or• knowingly assists or• knowingly is a party or• is actually involved in any process or activity connected with the PROCEEDS OF CRIME including…

Income Tax Return (ITR) documents requirement differ as per the earning sources of the Tax Filer. But, certain documents are mandatory for every taxpayer, irrespective of income sources. Here is…

Note: As per Circular No. 11/2020 dated 08th May, 2020, for the previous year 2019-20, in case of an individual who has come to India on a visit before 22nd March,…

If your status is 'resident', your global income is taxable in India.

ITC (Input Tax Credit) – SECTION 16 ‘Input Tax Credit’ or ‘ITC’ means the Goods and Services Tax (GST) paid by a taxable person on any purchase of goods and/or…

The Income tax calculator is an easy-to-use online tool that helps you estimate your taxes based on your income after the Union Budget is presented.