Section 43B of the Act provides a list of expenses to be allowed as deduction under the head 'Income from business and profession'. It states some expenses that can be claimed as deduction from the business income only in the year of actual payment and not in the year when the liability to pay such expenses is incurred even if the assessee follows mercantile basis of accounting.
In this article, we will delve into the process of E-Verifying your income tax return as an NRI, guiding you through the eligibility criteria, methods of verification, and troubleshooting common issues that may arise along the way.
A unique identification number is issued by the Central Government to a person who intends to be a Director in a new company or an existing company. That UIN is called Director Identification Number.
As we know that every assessee or taxpayer has to file their Income Tax Return within time prescribed i.e. 31st July/31st October under section 139(1)/139(4) of Income Tax Act, 1961.
This article guides you through the various stages of financial understanding, helping your children to recognize the value of money and how to use it wisely.
As you are aware that "Governance" means system by which an entity is directed, controlled and it is prudent method of decision making, fixing accountability, responsibility and doing business for the benefit of public as well as owners of the entity. "Governance" is a process to run an entity according to laws of nation and in the public interest.
Whether you're buying from a resident Indian or a non-resident Indian (NRI) seller, different TDS rules apply, and navigating them can be tricky.
The agricultural land in India serves as a fundamental pillar of the economy, playing a crucial role in generating employment and ensuring food security for the nation.
The Big Question? Is GST discount a Supply of Services
The POSH Act defines sexual harassment to include unwelcome acts such as physical contact and sexual advances, a demand or request for sexual favors, making sexually colored remarks, showing pornography, and any other unwelcome physical, verbal, or non-verbal conduct of a sexual nature.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English