Tag Archives: #TaxCodeChanges

Can Assets be Depreciated?

Asset Depreciation: Can Assets Be Depreciated? When businesses or individuals purchase assets like machinery, equipment, or buildings, these assets typically wear down or lose value over time. This natural decline in value is recognized as depreciation. But, can all assets be depreciated? Let’s break it down. What is Depreciation? Depreciation is the accounting process of… Read More »

15CA/CB compliance?

15CA/CB Compliance   15CA/CB compliance involves adhering to the legal obligations established by the Indian government regarding the transfer of funds from residents to non-residents. It involves the submission of Form 15CA and obtaining Form 15CB to ensure proper reporting and taxation of cross-border transactions. To achieve 15CA/CB compliance, the following steps need to be… Read More »

Tax planning for companies?

Tax planning for companies Tax planning for companies,Tax planning for companies is essential to optimize tax efficiency, reduce tax liabilities, and ensure compliance with relevant tax laws. Here are some key considerations for tax planning for companies: Understand the Tax Framework: Familiarize yourself with the tax laws, regulations, and provisions applicable to your jurisdiction. This… 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 »

TDS compliance chart for FY 2022-23?

  TDS Compliances TDS Compliances, is a  chart for the financial year 2022-23 in India. Please note that the rates and thresholds mentioned below are based on the information available up to my knowledge cutoff in September 2021. It’s always advisable to refer to the official tax department website or consult with a tax professional… Read More »