What are the differences between Indian and Foreign Income?

Ever wondered how foreign income is different from Indian income? Let us find out.Indian Income Any of the following three is an Indian income:i) If income is received (or deemed to be received) in India during the previous year and at the same time it accrues (or arises or [...]

All About Section 24 Deductions from House Property Income

Section 24 deductions from House Property Income is one of the most discussed topics. However, there are a lot of things about Section 24 that are not necessarily public knowledge. So, to help you out here is our two cents on Section 24 from House Property Income. Income fro[...]

Residential Status under Income Tax Act, 1961

Residential Status and Incidence of Tax on Income under Income Tax Act, 1961The residential status of a person is required to be determined for each assessment year in order to determine the scope of total income. The basis of determination of residential status in respect of eac[...]

Procedure for Removal of a Director as per The Companies Act, 2013

Ever thought, how directors can get removed as under Companies Act, 2013? Read on to find out. A special notice under section 115 is required to be given to the company for removal of directors, at least 14 days before the date of meeting at which it is to be moved exclusive[...]

How to File GST Return Online?

We are aware of the fact that, any person who is applying for the GST Registration has to file GST return online. To help you more with the procedure, we have mentioned most of the details in this article. So, without further ado, let us begin. As per CGST Act[...]

What is Procedure of Deemed Exports under GST?

Ever wondered what procedure needs to be followed for deemed exports under GST? If your answer is yes, then we will help you to understand it better. So, let us begin. The central government on the recommendation of council, hereby notified that the following shall be treated as [...]

GST on Capital Goods

Input Tax Credit means claiming the credit of GST Paid on Purchase of goods or Receipt of services which are used in the course business. Sec (19) of CGST Act states “capital goods” means goods, the value of which is capitalised in the books of account of the person claiming[...]

All You Need to Know about 15CA and 15CB Certificate

It is known to everyone that a banker will ask for Form 15CA certificate and 15CB certificate, while making foreign payments. 15CA certificate is required to be furnished by a person who is willing to make payment to non-resident, any sum chargeable to tax under the provisions of[...]

What are the differences between Partnership Firm and Company?

Many a times you may come across terms like “Partnership Firm” and “Company”. But, have you ever wondered, how are they any different from one another? Don’t worry, in this article we will explain the differences to you.We hope this article helped you to understand the [...]

Loan to Directors Section 185

There has been a time in our lives when we have sought for a loan. The directors are no different, they would have their requirements and they would look for loans. But, have you wondered how the procedure of giving a loan to director under section 185 of Companies Act 2013 work?[...]

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