No Statutory Dues Certificate: Understanding Its Importance and Implications In business transactions, a “No Statutory Dues Certificate” plays a crucial role, indicating compliance with all statutory obligations. Here’s a comprehensive guide to its significance and impact. What is a No Statutory Dues Certificate? A No Statutory Dues Certificate, often required in commercial transactions, certifies that… Read More »
PAN card for all PAN card for all,No, possessing a Permanent Account Number card is not obligatory for all Indian citizens. However, it is mandatory for specific financial transactions and activities. The following are some instances when it is mandatory to have a Permanent Account Number Filing Income Tax Returns (ITR): Anyone who has… Read More »
Importance of tax compliance Importance of tax compliance, Tax compliance is important for several reasons: Legal Requirement: Tax compliance is a legal obligation. Individuals and businesses are required by law to accurately report their income, calculate their tax liabilities correctly, and submit tax returns within specified deadlines. Non-compliance with tax laws can result in… Read More »