General
Government Audit in India : Applicability & Process
The Comptroller and Auditor General of India is the Constitutional Authority in India, established under Article 148 of the Constitution of India. He is empowered to Audit all receipts and expenditure of the Government of India and the State ...
What is forensic audit in india
A forensic audit is an analysis and review of the financial records of a company or person to extract facts, which can be used in a court of law. Forensic auditing is a speciality in the accounting industry, and most major accounting firms have a ...
Who is liable for Income Tax Audit in India?
What is a Tax Audit? Under Section 44 AB of the Income Tax Act, 1961, the provision of Income Tax Audit is covered. Income Tax Audit is a way to examine an individual’s organization tax returns by any outside agency. Income Tax Audit is done to ...
What is SOX Audit & On Whom is it Applicable in India
A SOX compliance audit is intended to verify the financial statements of the company, and the processes involved in creating them. During the audit, the financial statements and management of internal controls are analyzed and assessed by an external ...
What is Social Audit & its Process in India?
Social Audit is the critical stock taking of any programme or scheme by the community with active involvement of the primary stakeholders. It includes audit of the quality of works being executed at different levels along with the details of ...
How to do Cost Audit in India?
Cost Audit is the process for verifying the cost allocation of each product or Services comprising of labor cost, manufacturing cost or any other item of cost as applicable. Cost Audit is a methodical and reliable verification of the accounts and ...
What is Environment Audit in India
Environmental audits are systematic and objective assessments of the environmental status and performance of properties, facilities, processes, and/or operations. They are a valuable management tool which can be used to identify and assess ...
What are the Tax Compliances Applicable in India?
Any person or business that’s run into trouble with the IRS or had their tax return denied or audited can confirm the critical importance of tax compliance. Overall, tax compliance involves being aware of and observing the state, federal, and ...
Income Tax Compliances for Businesses in India
The deadline to file income tax returns (ITR) for the assessment year 2021-22 is 31 December. Though the income tax (I-T) department has introduced an automated filing system, annual information statement (AIS), and other initiatives to ease the ...
How to Create Website Designing Banner?
Website banners: we see them every day, and they are a great addition to your marketing campaign. In this tutorial, I'll show you how to make a banner. Banner designs and banner templates are composed of a couple of key elements: an offer and a call ...
Some of the Website Designing Ideas & Theme
18 website design ideas with real examples 1. Use a one-page website A one-page website keeps all of the important information about your company on one page so users can learn everything they need to without being forced to navigate to different ...
What is Search Engine Optimisation
What Is SEO? SEO stands for search engine optimization, which is a set of practices designed to improve the appearance and positioning of web pages in organic search results. Because organic search is the most prominent way for people to discover and ...
Tax on Foreign Subsidiary of Indian Company
Foreign Companies and Income Tax Filing in India As per Section 139 of the Income Tax Act (IT Act) every company, both domestic and foreign, are mandatorily required to furnish their tax returns for an assessment year. Every company should file ...
Search Engine Optimisation in Hindi
SEO का पूरा नाम Search Engine Optimization होता है और यह एक ऐसी तकनीक है जिसकी मदद से हम अपने पोस्ट को किसी भी सर्च इंजन के पहले पेज पर टॉप पोजीशन में रैंक कराते हैं. सभी ब्लॉगर का यह लक्ष्य होता है कि वह गूगल जैसे सर्च इंजन में पहला पोजीशन हासिल ...
Easy Ways for Search Engine Optimisation
SEO stands for “search engine optimization.” In simple terms, it means the process of improving your site to increase its visibility when people search for products or services related to your business in Google, Bing, and other search engines. The ...
Website Designing Company in Delhi
What is Web Design? Web design refers to the design of websites that are displayed on the internet. It usually refers to the user experience aspects of website development rather than software development. Web design used to be focused on designing ...
On Page Search Engine Optimisation refers to
Onpage Optimization Onpage optimization (AKA on-page SEO) refers to all measures that can be taken directly within the website in order to improve its position in the search rankings. Examples of this include measures to optimize the content or ...
What is Tax Residency Certificate & How to Apply?
What is a Tax Residency Certificate (TRC)? A tax residency certificate is a document that enables Indian residents to enjoy tax relief under the Double Taxable Avoidance Agreement (also known as DTAA). DTAA is an agreement between two or more nations ...
How To Grow Your Business Online
7 Strategies To Grow Your Online Business In today’s day and age, where the entire world has turned into one big global village, people have found new and innovative ways to generate stable incomes through Digital Marketing. Previously, many people ...
Investment Options To Save Tax In India
Best Investment Options To Save Tax In India Savings are our financial cushion for tomorrow and it is a practice almost everyone follows. Sure, it is harder for some people to manage savings than others. You could want to use your savings to pay for ...
How Can I Save Income Tax under Section 80C
Most of us are already well aware of the deduction available under section 80C of the Income-tax Act, 1961. The maximum amount of deduction that can be claimed under section 80C is Rs 1.5 lakh for the current financial year. The section offers ...
What investment comes under 80C?
Every Indian is legally obliged to pay their fair share of taxes as per the law. But that doesn’t mean you have to pay the entire amount. Under Section 80C of the Income Tax Act, you can reduce your tax liability every year, as provided by the ...
How can we Invest for Income Tax Savings?
The famous saying goes, ‘ A penny saved is a penny earned ‘. Tax planning is one of the ways which can help you save on taxes and increase your income. The income tax act provides deductions for various investments, savings and expenditures incurred ...
LLP Income Tax Return Filing Process & Due Date
Due Dates for LLP – MCA and Tax Return Limited Liability Partnerships (LLP) is a relatively new type of corporate entity that is a hybrid between a company and a partnership firm. LLPs registered in India must file their income tax return and MCA ...
Who has to file Income Tax Return
Who should file Income Tax Return? IAs per the Income Tax Department the entities required to file IT returns annually are: Every company, be it Private limited, LLP or partnership irrespective of the income or loss must file IT returns Individuals ...
How to File Individual Tax Return
Income Tax Filing: How to File Individual Tax Return Online? Income Tax Return is a form which is used to file the income tax with the Income Tax Department. Income tax is a tax imposed by the Central Government on income of a person. Filing income ...
What is Tax Return Preparers (TRP) Scheme, 2006?
Filing Returns with Tax Return Preparers (TRP) Scheme, 2006 For first time tax payers, there is an interest scheme called the TRP scheme which was launched in 2006 with a view to incentivizing of employment generation in the service sector. The TRP ...
CA for Income Tax Filing Near Me
Filing the income tax return is quite a simple job. There are different ways to do it. Broadly, there are 3 ways you can do the return filing in India. Firstly, you can hand over all the papers to your chartered accountant with the Form 16 and the ...
Who Should File Income Tax Return?
Income Tax Return Filing by Individuals: Who should file and how to file ITR An individual is obligated to File an ITR if his gross taxable income during a particular FY exceeds the maximum amount not chargeable to tax. For individuals [not subject ...
How File Income Tax Return Online
Here is how you can log in to the Income Tax E-Portal using the website to file your Income Tax Return: 1. Go to the income tax e-portal using the link https://www.incometax.gov.in/ 2. Select the Login Here option on the homepage 3. In the Enter Your ...
Income Tax Filing Return Last Date
ITR Due Date FY 2020-21 (AY 2021-22) – ITR Deadline Extended to Dec 31, 2021 – Last Date for Income Tax Filing The due date for filing income tax returns is the date by which the returns can be filed without any late fee or penalty. The taxpayers ...
How to Fill Return of Income Tax
How to Fill Income Tax Return Filing income tax returns is no longer the hassle it used to be. Gone are the long queues and endless anxiety of making the tax-filing deadline With online filing, also called e-filing, it is convenient to file returns ...
Which ITR - Income Tax Return to File?
A tax return is defined as a form or different types of forms filed with a taxing authority which reports income, expenses, and other pertinent tax information. Tax returns make it simple for taxpayers to calculate their tax liability, schedule tax ...
Income Tax on Stock Trading in India
Questions with no easy answer Some tax-related questions cannot be answered with a straightforward ‘Yes/No’. We will deal with one such question in this article: whether income from trading in shares should be classified as business income or ...
What is the Short term & Long term Tax on Stock Trading?
5.5 What is Tax-Loss Harvesting? Towards the end of a financial year, you might have realized profits and unrealized losses. If you let it be, you will end up paying taxes on realized profits and carrying forward your unrealized losses to next year. ...
Taxation on Stock Trading Income in India
You can classify yourself as an Investor if you hold equity investments for more than 1 year and show income as long term capital gain (LTCG). You can also consider yourself an investor and gains as short term capital gains (STCG) if your holding ...
Income Tax Return For Salary And Capital Gains
Income tax return filing is one of the most crucial financial tasks in a year. One needs to file the return using the correct ITR form in order to for the return to be processed. The income tax return forms that a taxpayer has to use depend on the ...
How to file Income Tax Return of Non- Resident
A Non-Resident Indian (NRI) is a citizen of India or a person of Indian origin who is not a resident in India. In this article, we review the requirements governing income tax return filing by NRIs. The question of whether NRIs should file a return ...
How to File an Income Tax Return online for Salaried Employees
Now that you are familiar with filing income tax returns, let us elaborate on filing ITR online for a salaried person. Follow these steps: Step 1: Navigate to the e-filing portal of the Income Tax Department. Step 2: Log in to the portal by ...
How to file income tax return online for salaried person
The first step in filing one's Income-tax Return (ITR) is selecting the right tax return form. The applicable tax return form depends on the residential status of an individual and total income earned from various sources during the Financial Year ...
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