Being a Member of Parliament (MP) or a Member of Legislative Assembly (MLA) is a position of great responsibility....
Under the Goods and Services Tax (GST) regime, Goods Transport Agency (GTA) and EWAY BILL are critical...
The Goods and Services Tax (GST) Act is a comprehensive legislation that governs the taxation of goods...
1. Introduction of Block Assessment Provisions in cases of Search under Section 132 and Requisition under...
Special Provisions for computing Business income in certain cases on the basis of Estimated Income Method...
Section 10(23FE) of the Income Tax Act provides an exemption in respect of certain income of wholly owned...
![Permanent Account Number (PAN)[Section 139A and Rule 114]](https://incometaxmanagement.in/wp-content/uploads/2023/11/Permanent-Account-Number-PAN-Features-Image.png)
Permanent Account Number (PAN) is a unique ten-digit alphanumeric code issued by the Income Tax Department...
A Post Office Savings Account is one of the most popular and accessible savings accounts in India. The...
Understanding of Section 54B Agriculture plays a vital role in the economy of many countries, providing...
As already discussed, motor car/other vehicles, provided by the employer, is a perquisite only for specified...
The Indian Income Tax Act, 1961, governs the taxation of various sources of income in India. One such...
The Goods and Services Tax (GST) Act, 2017, has laid down comprehensive guidelines for recovery proceedings...
Section 10(10C) of the Income Tax Act provides an exemption to employees who receive a certain amount...
The Finance (No. 2) Bill, 2024, introduces significant amendments to the Central Goods and Services Tax...
1. Enabling the Commissioner (Appeals) to levy Penalty under Section 271AAB. 271AAC and 271AAD of the...
Section 10(48A) of the Income Tax Act provides an exemption in respect of income earned by a foreign...
Understanding of Section 56(2)(i) In India, the taxation of dividends is governed by the provisions of...
Kisan Vikas Patra is a certificate scheme from the Indian post office. It doubles a one-time investment...
Gratuity is a significant part of an employee’s remuneration package. It is a payment made by an employer...
![Compulsory Tax Audit of Accounts [Section 44AB]](https://incometaxmanagement.in/wp-content/uploads/2023/09/Compulsory-Tax-Audit-of-Accounts-Section-44AB.jpg)
Following Business are required to get their Accounts compulsory Tax Audited by a Chartered Accountant...