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A Hindu Undivided Family is a family which consists of all persons lineally descended from a common ancestor and includes their wives and unmarried daughters.
A partnership is a business where an agreement between two or more people is made.
The article explains how to make a gift agreement in very simple terms.
The process of examining the return of income by the Income Tax department is called "Assessment".
A very common and frequent question running in the mind of taxpayers is the gift deed needs to be registered. In this part, you can gain knowledge about various provisions relating to the registration of gift deed.
Every supplier shall be liable to be registered under the GST Act in the State or UT, from where they make a supply of goods or services if their aggregate turnover in a FY exceeds the prescribed limits.
The documents required to obtain GST registration depending on the types of business or constitution have been mentioned in this article.
The new tax regime is available for individuals and HUFs with lower tax rates and zero deductions and exemptions available under various provisions of the Income-tax Act, 1961.
Section 206C(1H)/194Q states that sellers/buyers must collect TCS/TDS for the sale of any goods of the value or aggregate of such value exceeding INR 50 lakhs in any PY from the buyer/seller.
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