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It is important to ascertain an assessee’s residential status because the incidence of tax on any assessee depends upon his residential status under the Act. The residential status of an assessee must be ascertained with reference to eac....
In this presentation we are going to have a look at the practical aspects in filing Income Tax return of NRIs which would include – -Documents required to determine residential status -Documents required to file ITR....
Tax Incentive : Individual & HUF Under the proposed tax incentive scheme under Section 115BAC for individuals and HUFs, the following 7 tax slabs are prescribed:....
In today’s session we are going to understand and discuss the changes/amendments made in budget 2021-22.On 01.02.2021, the Hon’ble Finance Minister Smt. Nirmala Sitharaman presented Finance Bill, 2021 and accordingly some....
Book Finalization means preparation of Books of Accounts. Books of accounts gives an idea about the profitability and financial position of a business to its management, owners, and other interested parties. All business transactions are first record....
Incentives for affordable rental housing & Extension of outer time limits of section 80-IBA and 80EEA At present, the benefit of Section 80-IBA of the Act provides only to assessee who drives income from developing and building affordable h....