Income Tax Act 1961 Section 195 of the Income Tax Act, 1961 is a crucial provision for the taxation of non-residents in India. It focuses on the tax implications of payments made to non-residents, ensuring that taxes are deduct at source (TDS) on specific types of income earn by non-residents from an Indian… Read More »
Pink tax Pink tax is a term used to describe the extra amount that women are charged for certain products or services that are marketed specifically to them, compared to similar products marketed to men. This can include items such as clothing, personal care products, and healthcare services. Pink tax is not a separate… Read More »
How do I know if my trademark is available for registration To check or know whether your trademark is available for registration, you can conduct a trademark search. The trademark search will help you determine whether there are any existing trademarks that are similar or identical to yours that could prevent you from registering your… Read More »
What is GST compliance portal GST portal is the official online platform for GST compliance in India. It is the central repository for all GST-related activities, including registration, return filing, payment, and other compliance requirements. The Goods and Services Tax Portal provides various services and features to help taxpayers meet their GST obligations. Some key… Read More »
Tax planning for property Sale Tax planning for property sale, Capital gains tax: As an 80-year-old individual who is selling his own earn immovable property. May be liable to pay capital gains tax on the sale, depending on the specific details of the transaction. Capital gains tax is a tax levy on the profit earn… Read More »
Trademark logo Trademark logo is a unique and distinctive design, symbol, or graphic element used to represent a brand or company and differentiate its products or services from others in the marketplace. It serves as a visual representation of a brand’s identity and helps consumers identify and associate it with specific goods or services. They… Read More »
Company GST Number Company GST Number, You can verify the address of a company using their Goods and Services Tax number by following these steps: 1.To access the Goods and Services Tax (GST) portal, you can visit the official website at www.gst.gov.in. 2.Click on “Search Taxpayer”: On the homepage of the Good and Service… Read More »
Types of Accounting standard Types of Accounting standard, 1.International Financial Reporting Standards (IFRS): These are a set of accounting standards developed and maintained by the International Accounting Standards Board (IASB). They are use by companies in more than 140 countries, including India, to prepare their financial statements. 2. Generally Accepted Accounting Principles (GAAP): These are… Read More »
Goods and Services Tax Yes, in India, as a service provider, you are required to pay Goods and Services Tax (GST) if your annual turnover exceeds the threshold limit of Rs. 20 lakhs (or Rs. 10 lakhs for some special category states). Even if your turnover is below the threshold limit, you have the option… Read More »
The legal documents required for an audit of a company may vary depending on the specific requirements of the auditor and the type of audit being conducted. However, some common documents that are typically requested during an audit include: For more information visit this site: https://www.mca.gov.in/ 1.Financial statements as- balance sheets, profit and loss statements,… Read More »