by CA Chinmay Shirish Agate | Jul 26, 2024 | Taxation
Businesses often face the need of urgent liquidity to tackle certain unforeseen events. Business exigencies are like sudden changes in market conditions, unexpected equipment failures, supply chain disruptions, or urgent regulatory compliance requirements. In such...
by CA Chinmay Shirish Agate | Jul 25, 2024 | Taxation
EPF i.e. Employee’s Provident Fund is a retirement fund saving scheme for salaried employees. 12% of the employee’s basic salary is contributed to the EPF account on a monthly basis by the employer. Even employee has an option to make self-contribution to this...
by CA Chinmay Shirish Agate | Jul 24, 2024 | Taxation
Section 80GG of the Income Tax Act, 1961, in India provides a deduction for individuals paying rent for house properties. This deduction is particularly available for those who do not receive House Rent Allowance (HRA) from their employer. Form 10BA is the declaration...
by CA Chinmay Shirish Agate | Jul 23, 2024 | Taxation
TDS is a compliance where many taxpayers face numerous issues and complexities. It is possible that the TDS deducted from the taxpayer’s income is more than what they are liable to pay. The provisions contained in Section 197 of the Income Tax Act, permit...
by CA Chinmay Shirish Agate | Jul 22, 2024 | Taxation
Many individuals, businesses or entities are situated outside India but they have certain incomes arising in India. For foreign nationals or businesses situated outside India, provisions of Double Taxation Avoidance Agreements(DTAA) are applied and to comply with the...
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