by CA Chinmay Shirish Agate | Aug 24, 2024 | Taxation
Income Tax Act, 1961 has specified different types of taxpayers for taxation purposes. This includes individuals, HUFs, Partnership firms or companies etc. Every type of taxpayer is taxed at a different rate based on their status. Similarly, various types of...
by CA Chinmay Shirish Agate | Aug 23, 2024 | Taxation
Tax planning consists of making certain adjustments in order to reduce tax liability in a legal and ethical way. Sometimes certain transfers of assets might be made to avoid tax liabilities for protection of revenues in certain cases. Specifically, section 281 of the...
by CA Chinmay Shirish Agate | Aug 22, 2024 | Taxation
Any person who invests in any form expects something in return. Dividend is one such form of return on investment which investors of stocks and mutual funds expects to receive. Dividend refers to the returns a shareholder receives for investing in a company. A deemed...
by CA Chinmay Shirish Agate | Aug 21, 2024 | Taxation
Form 10AB is an application form used in India for re-validation or renewal of existing tax exemptions or registrations under the Income Tax Act, 1961. This form is specifically for charitable or religious trusts, societies, or non-profit organizations seeking to...
by CA Chinmay Shirish Agate | Aug 20, 2024 | Taxation
It is quite possible that a taxpayer will make mistake while filing his income tax return. This will be considered as a defective return. Income Tax Department will send you a defective notice under section 139(9) of the Income Tax Act via an email on your registered...
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