To help in the expansion of small businesses, government has decided to modify the new GST rules, which will be applicable from 1st January 2021.
If you belong to the category of small and medium businessmen, to ease your burden on taxpaying, the government has decided to remove the quarterly filing of GST return with monthly […]
Depreciation rate is mentioned in the Income Tax Act for investments made in furniture, plant, and machinery by an assesses during the FY. The concept of depreciation is mainly used for writing off the cost of an asset over its useful life. It is a compulsory deduction either in the Straight-Line method or […]
Section 44AB of the Income Tax Act imbibes in itself provisions regarding the tax audit under the Income Tax Audit. A tax audit is an analysis of a taxpayer’s accounts book. The analysis is conducted to make sure that the taxpayer has accurately maintained the books of accounts and other records. Apart from this, […]
The phrase ‘remunerations’ includes any salary, commission, bonus, or remuneration (by whatever name called) that is paid to partners. The partners who actively contribute to the operations of the Partnership are eligible to get remuneration. Much like an employee, these partners receive rewards for their work monthly.
We expect a return wherever we put our efforts. The […]
A Domicile or Residence Certificate is a legal document which is basically a residence proof that is issued by the state government. It is a crucial legal document that is used as proof of residency of a person, who is residing in a specific state.
A person who owns a domicile certificate is […]
A leave and license agreement are compatible with a rental agreement. Simply put, a leave and license is an understanding, where one party (the owner, named the ‘licensor’) provides a limited right to use his/her premises to the other party (called the ‘licensee’) for rent. This arrangement is recommended since it generates no lasting legal rights […]
