An Income Tax Return (ITR) is a form that enables a taxpayer to declare his income, expenses, tax deductions, investments, taxes, etc. The Income-tax Act, 1961 makes it mandatory for a taxpayer to file an income tax return under various scenarios. However, there may be various other reasons to file an income tax return even in the absence of requisite income, like carrying […]
The introduction of the Goods and Services Tax (GST) in India marked a significant overhaul of the tax system, impacting various sectors including tourism. The tourism industry, being one of the major contributors to the Indian economy, experienced both challenges and opportunities as a result of this tax reform. Tourism and hospitality sectors play a
Educational institutions have always helped millions of students to achieve new heights in their careers and lives. However, starting a school in India, majorly in metropolitan cities is an expensive affair. Opening a school requires a good investment of time and money. Educational institutions such as schools come under Non-Profit Organizations and are registered under
State governments in India fix a rate, below which properties cannot be registered in a particular location at the time of title transfer. This rate is known by various names, including guideline value, circle rate, ready reckoner rate, etc. In Tamil Nadu, the usage of guideline value (GV) is more common. The TNREGINET portal allows you to
A limited liability partnership is a corporation created and registered under the Limited Liability Partnership Act, 2008, and is a distinct legal entity from its members. An endless succession is a feature of an LLP, and any changes in the members have no bearing on the entity’s existence, rights, or obligations. Learn more about designated
Mutation of Land in Bihar – Mutating a property, the new owner gets the ownership of the property registered to their name in the revenue department, and the government of Bihar can charge the property tax from the rightful owner. The change in the name ownership may happen due to the initial owner’s death and the
The purpose of the Public Provident Fund (PPF), which was first implemented in India in 1968, was to mobilise small contributions for investment and return. It can also be referred to as an investment vehicle that enables one to accumulate retirement funds while reducing yearly taxes. Anyone looking for a safe investment option to save
PM Kusum Solar Subsidy Yojana 2024: Under the PM Kusum Solar Subsidy Scheme, 90% grant is being given by the Central Government for the installation of solar irrigation pumps. Under this scheme, a target has been set to provide benefits to more than 35 lakh farmers and let us tell you that the process of application
On Tuesday, the total market capitalization of all stocks listed on the BSE briefly exceeded $5 trillion, marking a significant milestone for India. This achievement places India as the fifth country, following the US, China, Japan, and Hong Kong, to reach this mark. However, by the close of Tuesday’s trading, it settled at $4.97 trillion
The owner must get an RNI registration number from the newspaper’s registrar to start a newspaper, journal, or print publication in India. You must get approval from the registrar of the newspaper before opening a new newspaper, periodical, print, etc., business. The Ministry of Information and Broadcasting regulates the rules and regulations of the RNI
CA Bhuvnesh Kumar Goyal
Chartered Accountants
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9971782649
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