Example: Suppose a long-term agricultural land is transferred by an individual on April 16, 2020 Then to claim exemption under this section assessee must: Purchase another agricultural land within April 16, 2022 Example: Suppose a long-term land or building used in an industrial…
Under Income Tax Act, there are two ways to save tax. A person can save tax by claiming exemptions & deductions for investments made. These exemptions …
The Central Board of Indirect Taxes & Customs has introduced Quarterly Return and Monthly Payment (QRMP) scheme in order to help small taxpayers. The Q…
As per the Income-tax Act, a person engaged in business or profession is required to maintain regular books of account and further, he has to get his a…
INTRODUCTION The transactions incurred in high denomination are known as High Value Transactions. Taxpayers are required to keep in mind high-value tra…
MSME stands for Micro, Small and Medium Enterprises. MSME industries are the backbone of the economy. In this blog, we shall cover the following topics…
Types of Business Organizations A business organization is an entity aimed at carrying on commercial enterprise by providing goods or services to meet …
INCORPORATION OF A NEW COMPANY In this blog we will discuss: Prerequisite to incorporate a new company Documents required Features of Form SPICe+ (e fo…
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