The Finance Act 2023 has amended the provisions of Section 115BAC w.e.f. AY 2024-25 to make the new tax regime the default tax regime for the assessees being individuals, HUF, AOP (not being cooperative societies), BOI, or artificial judicial persons.
Discover solutions to common ITR issues and get answers to frequently asked questions for filing your income tax return for AY 2024-25.
Taxation in India has been through a long journey of three centuries to reach where it stands today. We have tried to explain the journey chronologically in this article!
This article offers a thorough explanation of how to use Tally Prime on the cloud, including its benefits and a step-by-step implementation process.
Credit is almost as old as civilization itself and has greased the wheels of commerce for several thousand years. As such, commerce has been transformed by successive waves of innovation.
Cashless payments are generally held to net-work garages by the insurance companies directly, since invoices are generally raised in the name of the insurance company on the basis of the report of the surveyor or inspector.
Today, I'm sharing something you might never have heard of or thought of: storing data in DNA. DNA data storage has the potential to completely transform digital storage because of its unmatched sustainability, longevity, and density
In this article, we will look at the compliance calendar for July 2024, which includes Income tax compliances/PF/ESI.
A company must adhere to post-incorporation compliance measures to maintain its legal status and operational integrity including fulfilling ongoing reporting obligations, such as filing annual returns and financial statements, and complying with tax laws by paying taxes promptly.
The company that is not the actual creator of design cannot apply for registration of design. Therefore, going through the above provisions of the Design Act, ABC Communication can apply for registration of the design of a new device under the Designs Act, 2002, as a competitor has just applied for registration of a duplicated design that has not been registered.