TDS Return compliance Compliance with TDS (Tax Deducted at Source) return filing is crucial for businesses or individuals who have deducted TDS and are required to report and remit the deducted amounts to the tax authorities. The specific compliance requirements may vary depending on the country and its tax laws. Here are some common aspects… Read More »
Capital structure decision Capital structure decision: Tax planning has a significant impact on capital structure decisions, which involve determining the composition of a company’s financing sources, such as debt and equity. By integrating tax considerations into capital structure decisions, companies can strategically optimize their tax positions and minimize their overall… Read More »
Accounting Accounting is the process of recording, classifying, summarizing, analyzing, and interpreting financial transactions and information. The objective of account is to provide information about the financial performance and position of an individual or organization, which helps in making informed decisions about their financial activities. In accounting, financial transactions are recorded in various books of… Read More »
Filing ITR Filing ITR, In India, not everyone is required to file an income tax return (ITR). The requirement to file an ITR depends on various factors, including the individual’s age, income level, and the type of income earned during the financial year. Here are some general guidelines regarding who needs to file Filing ITR:… Read More »
Tax planning vs tax compliance Tax planning vs tax compliance, Here’s a comparison between tax planning and tax compliance: Taxation Planning: Tax planning involves strategic decision-making and the implementation… Read More »
Tax planning vs accounting Tax planning vs accounting: Tax planning and accounting are distinct but interconnected aspects of managing finances. Here’s a comparison between tax planning and accounting: Tax Planning: 1.Focuses on minimizing tax liability and optimizing tax-related strategies to legally reduce taxes. 2. Involves analyzing current and projected financial situations to identify tax-saving… Read More »
ITR filing Without Aadhaar OTP ITR filing without Aadhaar OTP: As of September 2021, filing an income tax return in India without Aadhaar OTP (One-Time Password) authentication is not possible. Aadhaar OTP is one of the methods provided by the income tax department for electronic verification of ITRs. It allows taxpayers to verify their… Read More »
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 »
When ITR filing starts The filing of Income Tax Returns in India typically starts on 1st April of the assessment year. The assessment year is the year immediately following the financial year for which the ITR is being filed. For example, if you are filing an ITR for the financial year 2022-2023, the assessment year… Read More »
GST Compliance Requirements GST compliance requirements, To ensure GST compliance, businesses need to fulfil certain requirements and obligations. Here are some key requirements for Gst compliance requirements : GST Registration: Businesses whose turnover exceeds the specified threshold (varies by country) are required to register for GST. The registration process involves providing necessary information to… Read More »
