Income Tax Planning Our team of experts will guide you through numerous tax-saving opportunities, ensuring compliance with rules and regulations while maximizing deductions. Know More Information Hub Read the latest information GeneralIncomeComplianceInvestmentSuccession Planning ...
Providing latest updates on Direct and Indirect Tax laws including income tax and GST, with Corporate Laws which are being used by the professionals and business entities in day to day activity.
However, one can claim deductions and exemptions under the Income Tax Act, 1961. According to Income tax rules and regulations, it is mandatory for every citizen of India, whether an individual, association, or firm, to pay tax on their income to the Indian government. However, income for ...
As per the Income Tax Rules, failing to file an ITR by the deadline may result in a penalty of ₹10,000 as well as additional repercussions. Under Section 234A of the Income Tax Act of 1961, interest on the tax due may also result from a delay in filing an ITR. Importance of ...
The software is meticulously designed, well considering all the government rules and regulations, in such a way that there is no room left for errors and the returns can be uploaded directly to the government income tax online portal. FacebookTwitterLinkedInPinterestPrintFriendlyDisclaimer...
Similarly, It assures compliance with the latest income-tax laws and regulations. It also automatically corrects its database with the latest income tax rules, confirming that users still have access to proper information. The software also gives real-time updates on modifications to the tax code...
1. Short title and commencement.- (1) These rules may be called the Income tax (32nd Amendment), Rules, 2021. (2) They shall come into force from the date of their publication in the Official Gazette. 2. In the Income-tax Rules, 1962, in Appendix II, for Form No. 52A, the foll...
1. Short title and commencement.-(1) These rules may be called the Income- tax (16th Amendment) Rules,2021. 2. In the Income-tax Rules, 1962, after rule 11UAD, the following rule shall be inserted, namely: —“11UAE.Computation of Fair Market Value of Capital Assets for the purposes...
Indian tax regulations, the Group maybesubjecttoIndian tax on revenues received by the Group in respect of income from provision of satellite transponder capacity to the Group’s customers for purposes of those customers carrying on business in India or earningincomefrom anysourceinIndia. ...
- In exercise of the powers conferred by second proviso to clause (i) sub-section (1) of section 142 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend Income-tax Rules, 1962, namely:-...