Tag Archives: #FinancialGuidelines

What is No statutory dues certificate?

Introduction A No Statutory Dues Certificate (NSDC) is an official document issued by a regulatory authority confirming that an entity has no outstanding statutory dues, such as taxes, levies, or government fees. This certificate is often required in business transactions, mergers, property deals, and compliance checks to verify financial and regulatory credibility. Understanding its significance,… Read More »

Why 15CA/CB is required?

Form 15CA CB purpose Form 15CA CB purpose, The Indian government mandates the use of 15CA and 15CB forms for specific financial transactions involving non-residents. Here’s a brief explanation of each form: 1.Form 15CA: This form is use for remittances (money transfers) that are subject to tax deduction at source (TDS) under the Indian Income… Read More »

Compliance of tds provision?

Compliance of TDS Provision    Compliance of TDS (Tax Deducted at Source) provision is essential for individuals and businesses responsible for deducting and remitting TDS. The compliance requirements can vary depending on the country and its tax laws. Here are some common compliance aspects of TDS provisions: TDS Registration: Depending on the country and its… Read More »

Why TDS certificate required?

TDS Certificate Required Introduction Tax Deducted at Source (TDS) is an essential component of tax compliance in many countries. A TDS certificate is issued to the taxpayer as proof that tax has been deducted and deposited with the government. It is an important document for both the deductor and the deductee, ensuring transparency and accuracy… Read More »

What is the difference between section 112 and 112A of the Income Tax Act, 1961?

Introduction The Income Tax Act, 1961, governs taxation laws in India and includes various provisions for computing capital gains tax. Two crucial sections related to long-term capital gains (LTCG) are Section 112 and Section 112A. While both sections pertain to taxation on LTCG, they have different applicability, benefits, and limitations. Understanding their distinctions helps taxpayers… Read More »

What is cost audit?

  User Intent Users searching for “Cost Audit” want to understand what it is, its applications, benefits, and limitations. Many may be business owners, financial professionals, or students studying accounting. Providing a detailed, structured explanation with a comparative table and FAQs will help them grasp the concept fully. What is Cost Audit? A Complete Guide… Read More »