12 A and 80G Registration of Non-Profit Organization
12 A and 80G Registration of Non-Profit Organization. New Process and Compliances. An NGO is a NON-Profit Organization, which functions independently and is involved in important voluntary activities for society. They can be group-based or individual. NGOs are registered...
Read more
What happens if I file my taxes wrong?
People usually end up making mistakes while filing their income tax returns (ITR). However, there is no need to worry as the tax department has made few provisions to allow taxpayers to rectify any mistakes or errors made during...
Read more
How can you accomplish your financial goals in 2022-23?
The New Year brings with it new hopes, new aspirations, new habits, and also new goals. But are these only limited to personal and career accomplishments? One of the major goals to achieve every New Year is probably the...
Read more
Wake up Sid!
February 7th, it a pay day today. The mobiles are delivering the messages of credit of Salary. … a half salary… a 3/4th Salary! “बहुत कट के आया है यार । ये TDS ने तो वाट लगा दी!”Asmita joined...
Read more
Who will file my ITR after my death? What is the process?
Nothing is certain except Death and Taxes. A person can condemn his tax liability, even after his/her death. The legal heir has to pay tax liability and file the Income Tax Return A legal heir of the deceased person...
Read more
TAX SAVING TIPS FOR SOLE PROPRIETORSHIP
A sole trader ship, also known as Sole proprietorship, is defined as the type of business owned and operated by a single person. The owner and the business entity have no legal distinction. Personal responsibility for sole proprietors is...
Read more
How to improve your accounting strategy during the economic crisis
Companies in low flow situations are taking a more concerned look at their accounting books to understand and find a solution to slack back on costs and ascend profits. To stay afloat in this economic crisis, they are merging...
Read more
Why Do You Need a Tax Consultant?
Tax planning is crucial, however, often ignored in India. Tax planning not just means availing of deductions, but even includes planning your investments and finances so that the tax payable is not high. Knowing which tax to pay is...
Read more
Profession tax in Maharashtra
Profession tax was introduced in the year 1975 in Maharashtra. The intention was to raise the resources needed for implementing the Employment Guarantee Scheme and to provide for establishment of the Employment Guarantee fund. The salaries of persons and...
Read more
Is there any restriction or maximum limit up to which I can claim a deduction under Section 80E?
Quality education is the new norm. Competitive job markets have raised the bar for higher education. The cost of higher education in private institutes is 3 times higher than in government institutes. These days, a 4-year medical degree course...
Read more