by CA Chinmay Shirish Agate | Aug 2, 2024 | Taxation
Every individual dream of having a highly paid job or a successful business profit situation. To expand this journey, many people leave their country to earn a higher income. However, resident individuals in India may have certain incomes from assets situated in...
by CA Chinmay Shirish Agate | Aug 1, 2024 | Taxation
Voluntary retirement scheme is a mechanism used by employees seeking retirement earlier than their actual retirement due date. Under VRS employees are not forced to leave their job but they choose voluntarily to terminate their employment. Employers or companies offer...
by CA Chinmay Shirish Agate | Jul 30, 2024 | Taxation
Budget in India is the most anticipated event, where every taxpayer is hoping that they get benefited from it. In current year, Budget was declared on 23rd July, 2024 due to General Loksabha Elections. This year’s budget was mainly focused on increasing...
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...
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