Factory direct to consumer sales are exploding globally, particularly among Chinese manufacturers. This trend has been brewing over the last two decades, but it has reached critical mass now. Although estimates are inexact due to the lack of centralized tracking for new F2C merchants, most industry experts agree that marketplaces like Amazon are seeing 100–200% […]
The Annual Information Statement (AIS) is a document issued by the Indian Income Tax Department that consolidates your financial transactions for a specific tax year. It provides a comprehensive view of information for a taxpayer in Form 26AS, including details reported by banks, investment firms, and other institutions. It shows details like salary income (with tax
Local Self Government is an important part of our lives, providing the framework for our communities to grow and thrive. When we speak about local self government, we’re talking about the authority for local affairs being vested in the hands of local people themselves. It’s a system that allows communities to handle their issues at
Department of Commerce introduces Diamond Imprest Authorization Scheme to boost global competitiveness of diamond sector Scheme to support MSME diamond exporters and safeguard domestic industry Department of Commerce, Government of India has introduced the Diamond Imprest Authorization (DIA) Scheme on 21st of January 2025, aiming to enhance the global competitiveness of India’s diamond sector. This
The Double Tax Avoidance Agreement (DTAA) is a treaty signed by two countries. It is signed to make a country an attractive destination and to enable NRIs to avoid having to pay taxes multiple times. DTAA does not mean that the NRI can completely avoid taxes, but it means that the NRI can avoid paying
Section 80GG, a special provision under Chapter VI-A of the Income Tax Act, 1961, offers significant tax relief to individuals who pay rent but do not receive House Rent Allowance (HRA) from their employer. This deduction applies to both salaried and self-employed professionals, enabling them to claim financial relief on rental expenses. To qualify, individuals
A charitable Trust is a legal entity that can be set up by any individual or group of individuals to carry out charitable activities. The main objective of setting up such an entity is to provide the donor with tax benefits and also to avoid paying income tax on donations received from donors. When a
LTA full form is Leave Travel Allowance and it is a form of stipend given by an employer to an employee who is on leave from work to fund his or her travel expenses. LTA is an integral part of an employee’s compensation and it is deductible from payroll tax under the Income Tax Act of 1961.
Appointment of Administrator (1) Where the appropriate Government is satisfied that there is likely to be involuntary displacement of persons due to acquisition of land, then, the State Government shall, by notification, appoint in respect of that project, an officer not below the rank of Joint Collector or Additional Collector or Deputy Collector or equivalent
A Jal Hauj scheme under the Agriculture Department of Rajasthan Provides the benefit of subsidy on Jal Hauj. According to this scheme, farmers have to construct a Jal Hauj on the elevated part of their land. Which can be filled with borewell water overnight and in the morning crops can be irrigated with the water
CA Bhuvnesh Kumar Goyal
Chartered Accountants
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