How multinational companies avoid paying tax?
many multinational companies which are using various ways to save tax amount. These companies use various schemes to shift profit from high tax country to lower tax country…
Do you know the registrations & licenses required for Startup?
Starting a business in India is not an easy task. The person is required to make a plan for each and every aspect and complying with all the norms articulated by government is one of them.…
Analysis of section 206AB and 206CCA
Section 206AB and section 206CCA are newly inserted sections in the Income Tax Act, 1961. These two sections mandate tax deduction or collection at a higher rate for non-filing of returns…
Detailed analysis of Section 194Q
As per the provisions of Section 194Q, TDS will be deducted by buyer if purchase of goods exceeds Rs. 50 lakhs.…
What is the difference between GSTR-2A and GSTR-2B?
The GSTR-2A and GSTR2B both are the statements which reflect details of input tax credit (ITC) available to the taxpayer. But still there are few differences in GSTR-2A and GSTR-2B…
What is the procedure to file ITR-1 under the new income tax portal?
You all must be knowing about the new Income Tax Portal which CBDT launched on 7th June, 2021. But as always the new things come up with new tasks, it takes time to understand them. But we made it easy for you; refer the entire article to file your ITR-1 under the new Income Tax Portal.…
OPC V/S LLP - Which one is better for you?
OPC is specifically for individual entrepreneur who is looking forward to take his business once step ahead and LLP is mostly for the efficient team who is running startups.…
All you need to know about Specified Financial Transaction
As per the new amendment, the taxpayers will know about his or her high-value financial transactions directly in form 26AS. This information will help taxpayers to submit their “Specified Financial Transaction” report…