Introduction Taxation for private limited company Private Limited Companies are one of the most popular forms of business entities in India. They offer limited liability protection to their shareholders, which means the personal assets of the shareholders are safeguarded in case of business debts or losses. Private limited companies also enjoy perpetual succession and have …
Taxation For Private Limited Company Read More »
Things to keep in mind before filing ITR: When filing your Income Tax Return (ITR), there are several important points to keep in mind. Here is an introduction to some key considerations: Gather all necessary documents: Collect all relevant documents such as Form 16 (provided by your employer), bank statements, investment proofs, rent receipts, and …
Things to keep in mind before filing ITR Read More »
Introduction: Angel tax is a topic of significant interest and concern in the startup community. Entrepreneurs and angel investors alike have been grappling with its implications and seeking clarity on the exemptions provided. In this article, we will delve into the details of angel tax and provide you with everything you need to know about …
Angel tax exemption – everything you need to know Read More »
What is a Donation exemption under income tax? Section 80G deduction of the Income Tax Act is allowed for the amount paid by the taxpayer as a donation to any fund or institution or charitable Trust. All donations are not treated equally under Income Tax Act. Donations to certain funds and institutions qualify for a 100% …
Donation exemption under income tax Read More »
Introduction of Senior Citizens exemption limit: In this article, we will discuss the exemption limit for senior citizens for filing an income tax return(ITR) in 2023. Understanding the tax benefits and exemptions available to senior citizens is essential for effective tax planning for filing ITR. We will see the eligibility criteria, different tax slabs, and …
Senior Citizens exemption limit for filing ITR 2023 Read More »
Introduction: The difference between old and new tax regimes has become a subject of interest for individuals and businesses alike. As tax regulations transform, it becomes crucial to comprehend the contrasts between the old regime and the new regime’s two systems to make informed financial decisions. Overview of the New Tax Regime: Finance Minister Nirmala …
Difference between Old and New Tax Regime: which is good? Read More »
