Advance tax stands as a crucial component of income tax obligations, necessitating individuals to fulfill their tax liabilities before the conclusion of the financial year, particularly if their tax dues surpass INR 10,000 for a given fiscal period....
Changing a company's name is a significant undertaking, involving alterations to legal documents such as the Memorandum of Association and Articles of Association. Under the Companies Act 2013, the process involves passing a special resolution in a general meeting and obtaining approval from both the...
Share capital reduction stands as a crucial procedure within the corporate landscape, offering companies the means to adjust their financial structure under specific circumstances. This article delves into the intricacies of share capital reduction, shedding light on its importance, procedural requirements, and the implications it...
International taxation involves the examination and implementation of tax regulations applicable to individuals or businesses across different countries or the international aspects of a nation's tax laws....
In the realm of the shipping industry, Bills of Lading stand as pivotal documents, wielding considerable legal weight. These documents furnish both the driver and the carrier with indispensable particulars crucial for the seamless processing and accurate invoicing of freight shipments....
In the realm of importation, Bills of Entry play a pivotal role in facilitating the movement of goods across borders. This document meticulously outlines the specifics of imported goods, serving as the basis for customs authorities to ascertain the requisite import duties. Without a duly...
In this detailed blog, the focus will be on exploring IND AS 40, which offers comprehensive guidelines for accounting treatment concerning investment property. Investment property, encompassing real estate held by an entity primarily for rental income, capital appreciation, or both, is the central subject of...
Form DPT-3 serves as the official statement return mandated for submission by every company, excluding government entities, and specified classes of companies, that have accepted deposits under section 73 and its accompanying regulations....
This guide delves into the intricacies of Section 194-I, which outlines the provisions for deducting tax at source (TDS) on rent payments. Targeted primarily at individuals earning income from renting out properties or subletting, this section imposes TDS on rental income, considering it as an...
Rental income refers to the revenue received by a taxpayer through renting out their property to another individual. Under Section 22 of the Income Tax Act, 1956, the annual value of property becomes taxable under the head of income from house property if certain conditions...
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