Sumit Bihani
Step by Step Guide for Income Tax Fillings for NRI Check for your Income Limits if the same exceeds Rs.2.5 Lacks filling of Income Tax Return is Mandatory Determine the residential status in India ........ View More
Applicability of Income Tax Return (ITR) for Individuals Below mentioned chart demonstrates the applicability of Income Tax Forms but few things should be kept in mind while filling Income Tax Re ........ View More
Sumit BIhani
Is it required to file Income Tax Return of a deceased family member? Legal provisions: As per sub-section (1) of section 159 of the Income-tax Act, 1961, where a person dies, his legal representat ........ View More
SUMIT BIHANI
Section 194N of the Income Tax Act, 1961, deals with the deduction of tax at source (TDS) on cash withdrawals exceeding certain thresholds from a banking company, a co-operative society engaged in car ........ View More
TDS (Tax Deducted at Source) implications can arise in the context of property transactions. TDS is applicable when certain specified transactions, such as the purchase of property, occur. Below are ........ View More
Section 43B(h), introduced in the Finance Act,2023 to ensure that micro and small enterprises are paid promptly for their Goods & Services. The clause applies to all purchases from MSMEs registered un ........ View More
Section 164 of the Companies Act 2013 provides for disqualification for appointment as director of a Company, the disqualifications for being appointed as a director of a company, as outlined in the l ........ View More
Introduction: Navigating the intricate landscape of Tax Deducted at Source (TDS) can be challenging, especially for Non-Resident Indians (NRIs). In this guide, we'll delve into the nuances of TDS fo ........ View More
Starting a Partnership firm In West Bengal Once you have got the required number of partners you can go ahead and incorporate a partnership firm. The following are the key essentials for operating ........ View More
TAN is a unique number allotted to entities responsible for deduction or collection of tax at source. If a TAN is no longer needed (e.g., after certain transactions, if multiple TANs have been allotte ........ View More