In India, there are two different sorts of taxes: direct and indirect. In terms of direct taxes, they are assessed on the revenue that various corporate organisations generate over a fiscal year. The Income Tax Department registers many types of tax entities, and each of these tax entities pays taxes […]
In Budget 2020, Nirmala Sitharaman, the finance minister, announced a new tax system with more tax slabs and lower tax rates. The majority of taxpayers have long requested this, but there is a catch: all deductions and exemptions from the previous tax system must be removed. The finance minister added […]
Why Financial Planning is Important for Doing Business in India?
Financial planning for a business in India is key to its long-term viability. Without a strategy in place, it’s easy for a business to get derailed or lose sight of the bigger picture. By focusing on key assets, evaluating their expected cash flows, and mapping out future opportunities, financial planning […]
Filing income tax returns is of utmost importance as you can avoid added interest, and penalties and portray a good image before the Government and lenders ( in case you apply for a loan). Accounting and tax compliance companies always recommend that you need to be vigilant in filing the […]
12 A and 80G Registration of Non-Profit Organization
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 as a society, trust, or Section 8 companies, which depends on the scope of their activities. If you are a non-profit organization, the […]
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 filing ITR. Errors while filing an ITR are best avoided however […]
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 financial goal. Why? It is because unforeseen expenditures are a part […]
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 Radhika and Arnav for a lunch at company’s canteen Radhika: What […]
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 has to file the income tax return of the deceased person. […]
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 unlimited. Between the owner and the business, there is no legal […]
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 many strategies to build up a suitable and sustainable plan to […]
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 not sufficient. Filing income tax returns can be a complex job […]
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 the businessman/ professionals have to pay profession tax in Maharashtra. The […]
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 costs around 15-20 lakhs in decent colleges. Whereas IIM and IITs […]
Small start-ups, firms, and entrepreneurs require good staff to look into accounts. Hiring a talented, very well educated and experienced person to take care of the company accounts may call for investing huge amounts year by year. Moreover, hiring a perfect person(s) – especially with the right skills to manage […]
Coronavirus brought about a standstill to everyone’s life. The number of people affected ranges from an average salaryman to multinational companies. Another significant aspect of the pandemic was the nationwide lockdown to help control the spread of the virus. It meant a complete stop to the operations of companies and […]
Partnership Firm- a complementary inning by partners! Tendulkar and R. Dravid are remembered for their highest Partnership runs in India Vs New Zealand, One-day Cricket at Hyderabad on 8th Nov. 1999. Mutual understanding & Trust is the key to a successful partnership. The same principle applies to business partnerships also. […]
Outsourcing Of Accounts In Pune When you’re looking forward to significant growth, outsourcing of accounts will the most straightforward choices. Digilekha is all here for the outsourcing of accounts in Pune. Any entrepreneur can make redistributing their accounting activities. There are numerous motivations to do this other than simply being free […]
Investment Consultation Services In Pune Right Investment is a necessity for growth, no matter if it is for an individual or business. Digilekha investment consultant service in Pune provides investors with investment products, advice and planning. we do in-depth work on formulating clients’ investment strategies, helping them fulfil their needs and reach […]
Cooperative Housing Societies Accounts And Audits In Pune Digilekha is a one-stop solution to all the cooperative housing societies accounts and audits in Pune. We have highly qualified accountants and approved auditors who can maintain the accounts of the society along with society managers and consultants. Maintaining a society is not […]
GST Consultant in Pune GST was implemented on 1st July 2017. Back then, from that day to this day, there is quite a lot of fuss related to it. To over this fuss, we have Digilekha Consultancy Pvt. Ltd. GST consultant in Pune. GST was introduced so that the entire nation […]
Income Tax Returns Filing Firm in Pune Filling returns can b a tough task if you’re also in the one who has poor knowledge about the financial sector. Digilekha Pvt Ltd. Income tax return filing firm in Pune is engaged at decreasing the financial and accounting expenses of the clients by helping […]
NRI taxation services in Pune With the increase in shuffling of the employees, there is a good number of increment in NRI. So calls up the need for NRI Taxation Services in Pune. Digilekha Pvt. Ltd has experts who understand the NRI taxation Services very well. According to Indian Tax laws, […]
Business Consultancy Services In Pune Digilekha is a one-stop solution to business Consultancy in Pune. We have Legal, and Business Consultants committed to providing a quality experience to our clients in the broadest spectrum of business services. We endeavour to offer imaginative and tweaked business and legal services and attempt to […]