Articles by Mitali

Update Aadhaar Card

Mitali 27 November 2023 at 14:03

Aadhaar is a unique identification number issued to Indian citizens. The Aadhaar card, which contains personal information like name, address, gender, age, photograph, fingerprints etc which serves as a crucial proof of identity.

ITR-U Updates for AY 2021-22 - Due by March 31, 2024

Mitali 25 November 2023 at 17:00

The ITR-U form plays a significant role in allowing taxpayers to correct and revise their financial information, ultimately contributing to a more precise and reliable tax reporting system.

Types of Partnerships, Returns Applicable for Partnership Firm

Mitali 22 November 2023 at 12:08

A partnership refers to a legal and business relationship between two or more individuals who share the ownership and management of a company.

LIC Premium Payment Online

Mitali 21 November 2023 at 12:56

LICI stands for Life Insurance Corporation of India. It is the largest life insurance company in India, providing various life insurance products and services t..

Deadlines for ITC Claim and Reversal For FY 2022-23

Mitali 15 November 2023 at 15:27

To meet the deadline for the financial year 2022-23 and ensure compliance with GST regulations on Input Tax Credit (ITC), taxpayers should take some timely actions

Comprehensive Overview of Ordinary and Special Business in Companies Act, 2013

Mitali 17 October 2023 at 13:10

Under the Companies Act, 2013, company meetings are categorized into two types: Ordinary Business and Special Business.

Corporate Tax Rate in India Applicable for AY 2023-24

Mitali 16 October 2023 at 16:01

Corporate tax is a significant source of revenue for the government and is paid by businesses on their income within the country.

Section 192: TDS on Salary

Mitali 12 October 2023 at 17:02

In accordance with Section 192 of the Income Tax Act, 1961, employers are required to deduct TDS (Tax Deducted at Source) from the salary income of employees.

TDS on Rent u/s 194I, 194IB and 194IC

Mitali 12 October 2023 at 13:27

TDS (Tax Deducted at Source) on rent refers to the deduction of a certain percentage of tax by the tenant before making a rental payment to the landlord. The tenant deducts TDS and deposits it with the government. This ensures that the government receives tax revenue on rental income and prevents tax evasion.

PAN Card Correction

Mitali 11 October 2023 at 15:16

PAN card correction, updating details, and applying for a duplicate can be done online or offline. For online processing, visit the official Income Tax Department website, fill the required form, upload documents, and make online payment.