Corporates
Agricultural Land Use and Tax Rules in Goa
? Introduction Agriculture remains the backbone of Goa’s rural economy, even amid rapid urban development and tourism growth. However, managing agricultural land use and understanding the applicable tax rules are vital for both landowners and ...
TDS on Rent for Commercial Property in Mumbai
? TDS on Rent for Commercial Property in Mumbai: A Complete Guide Commercial property in Mumbai—India’s financial hub—has always been a lucrative investment avenue. With rising demand for office spaces, co-working hubs, and retail outlets, rental ...
Property Tax Rules and Calculation Method in Goa
? Introduction Owning property in Goa, whether for residence, rental, or commercial purposes, comes with the responsibility of paying property tax. Property tax is one of the oldest and most stable sources of revenue for local municipal bodies and ...
How to File NIL Income Tax Return for Business
? Why Filing NIL ITR is Important — Even If You Made No Money Many small business owners, freelancers, startups, and even companies believe that if they didn’t make any income during the financial year, they don’t need to file an Income Tax Return. ...
Common TDS Defaults by Goa-Based Businesses
? Introduction In the charming coastal state of Goa—famous for its hospitality, tourism, real estate, and vibrant SME sector—businesses must stay sharp when it comes to tax compliance. One crucial yet commonly overlooked area is Tax Deducted at ...
Top CA Firms for Business and Tax Compliance Services
In today's fast-paced business world, tax compliance and business services have become crucial. If you want to run your company efficiently, you need to manage your finances properly, stay on top of your tax obligations, and meet legal requirements ...
Tax Deductions and Incentives for Businesses
Tax Deductions and Incentives for Businesses Taxes are a certainty in the business world—but what many entrepreneurs and companies don't realize is just how much they can save by leveraging tax deductions and incentives properly. Whether you’re a ...
Benefits of Outsourcing Tax Compliance to CAs
Benefits of Outsourcing Tax Compliance to Chartered Accountants (CAs) In an increasingly regulated financial landscape, tax compliance has become a cornerstone of business sustainability and credibility. As tax laws grow more complex and enforcement ...
Directorate & Authorities Of Income Tax India
Directorates Directorates are meant to take responsibility for specialized functions. There are 10 specialized directorates within the Income Tax Department (ITD), the most extensive and famous among these being Directorate of Investigation. List of ...
How to File Income Tax Return of Partnership Firm
A partnership firm is a body of more than one person conducting business under one entity. There are two types of partnership firms – Registered partnership firm Unregistered partnership firm A registered partnership firm is a partnership firm that ...
Income Tax Filing for Partnership Firm
What is a Partnership firm? A partnership firm is a type of entity where more than one person is carrying out business under one entity. Partnerships firms in India are of two types - Registered partnership firms and unregistered partnership ...
How to Fill in Partnership Tax Return
Partnership Firm Tax Return Filing – eFile Procedure A partnership firm is a body of more than one person conducting business under one entity. There are two types of partnership firms – Registered partnership firm Unregistered partnership firm A ...
What is transfer pricing audit in india
Transfer pricing law in India applies to both domestic and international transactions which fall above a threshold in terms of deal value. Transfer Pricing was introduced through inserting Section(s) 92A-F and relevant Rule(s) 10A-E of the Income Tax ...
Why ELSS is the Best Tax Saving Option?
Investing in ELSS funds is an efficient way to save taxes compared to the other investment instruments available under Section 80C of the Income Tax Act, 1961. ELSS comes with the advantage of a shorter lock-in period and professional fund ...
How does Royalty Works & Tax Implications
Understanding Royalties Royalties are payments to owners of property for use of that property. Royalties often deal with payments for the right to use intellectual property (IP), such as copyrights, patents, and trademarks. The payment ...
What is Tax-To-GDP ratio of India?
What is tax-to-GDP ratio and where does India fare on this indicator? 1. Tax-to-GDP ratio Tax-to-GDP ratio represents the size of a country's tax kitty relative to its GDP. It is the representation of the size of the government's tax revenue ...
Who will bear the cost of special audit?
The expenses for examination and audit including the remuneration payable to the auditor will be determined and borne by the Commissioner. For more information on this visit https://www.taxaj.com/
By when can a taxpayer reply to notice issued to them?
The taxpayer need to reply within 30 days from the date of service of notice issued u/s 61 to furnish explanation or request for extension by navigate to Services > User Services > View Additional Notices/ Orders > REPLIES option. For more ...
Does a taxpayer get any intimation about the notice issued?
Taxpayer will get intimation of issue of all notices and orders issued to him/her though SMS and e-mail. Or You Can check online by navigate to Services > User Services > View Additional Notices/ Orders > NOTICES option. For more information on this ...