taxation

Section 87A – Income Tax

Rebate u/s 87A – Income Tax For the reduction in tax liability of an individual with income not exceeding Rs.3, 50,000, the Rebate u/s section 87A of the Income Tax Act, 1961 came into the […]

Guide

Rule 114E – Statement of Financial Transactions

For the registration with the Income Tax Department, the Government has initiated an online facility for the Reporting entities for the submission of the financial transactions statement. Individuals considered as the reporting entities are necessitated […]

Guide

RNI Registration

RNI or the Registrar of Newspapers for India was introduced in 1956 by the amendment of PRB (Press and Registration of Books) Act. This statutory body ensures the maintenance of Registrar of Newspapers, issue certificate […]

Guide

Retrenchment Compensation

Termination of employees by the employer for any reason administered by disciplinary action is called Retrenchment. Financial compensation by the employer is provided to the terminated employee and this compensation is known as retrenchment compensation. […]

taxation

Residential Status for Income Tax

The residential status of an individual is the basis for his/her income tax liability. It is important for the taxpayer to state his/her residential status while filing income tax return. According to the Income Tax […]

Guide

Restrictions on Sweat Equity shares

The equity shares issued by a company directly to their directors and employees at a relatively higher discount for the availability of certain intellectual rights of its property (Copyright, trademark, other value addition) is known […]

Guide

Secretarial Audit

Companies are required to have a secretarial audit each year as a part of the Compliance Requirement under Companies Act, 2013. It is an audit conducted to verify and report various compliance requirements by a […]