Priority Sector Lending (PSL) is a means to provide advances to credit deficit and weaker sections of the society. These sectors are integral to the economic growth and development of the country.
The economic review of the Ministry of Finance in April 2021 is expecting the economic impact of the second wave to be lower than the first wave. It might be less destructive in nature as compared to the first wave of Covid.
The main focus of Surprise Checks under Audit is on internal control; they check whether the system of internal control is operating effectively or not.
Mainly, mutual funds have two ways of earning. First Capital Gain and Second Dividend Income. Both earnings are taxable. Let us discuss how the same is taxable.
Private Limited Company is the most popular type of Company in India. This article is aimed to give a general idea about the formation of a Private Limited Company to the entrepreneurs.
Section 285BA of the Income Tax Act, 1961 read with Rule 114E of Income Tax Rules, 1962 says certain persons are required to report a statement of financial transaction (SFT) or reportable account to the Income Tax Department.
Discussing TDS Interest and its different types, together with the late fees for delay in filing of TDS Return and penalty that may be imposed on late filing of TDS Return u/s 271H.
This article will help you to solve your problem related to the restriction on cash transaction and the top 10 high value transactions as per the Income Tax Act/GST.
The Finance Act, 2020 introduced various amendments related to the registration of Charitable Trust and Religious Trust for availing the exemption u/s 11 and 12 of the Income Tax Act, 1961.
A deduction is an expense that can be subtracted from the taxable income of an assessee to reduce the amount owed as specified in the Income Tax Act, 1961.
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