Legal Suvidha

In today’s business world, it’s essential to stay up-to-date with the latest regulatory changes. One such change is the filing of announcements in XBRL format on the National Stock Exchange (NSE) NEAPS and BSE Listing Centre. This article will provide you with all the necessary information on the topic, including why it’s important, how to […]

Clubbing of income refers to the inclusion of income of one person in the income of another person for the purpose of taxation. This is done to prevent taxpayers from avoiding tax liability by transferring income to family members or other related parties. In other words, if income is transferred to a person who is

Section 194IA of the Income Tax Act is a provision that requires a buyer of immovable property to deduct TDS (tax deducted at source) at the rate of 1% of the sale consideration amount, if the property value exceeds Rs. 50 lakh. The buyer is responsible for deducting the TDS at the time of making

Blockchain technology is a digital ledger system that records transactions securely, transparently, and in a decentralized manner. It is essentially a database that is shared among a network of computers or nodes, where each node has a copy of the database. When a transaction occurs, it is verified and validated by the network of nodes,

 GST on Export Freight GST on Export Freight is the tax levied by the Indian government on the transportation of goods from India to a place outside India. This tax is applicable on the services provided by the transporter, such as freight charges, handling charges, and other related expenses. Why is GST on Export Freight

ITR stands for “Income Tax Return”. It refers to a document or form that individuals or businesses are required to file with the tax authorities to report their income earned and taxes paid during a given financial year. The purpose of filing an ITR is to calculate the amount of tax liability owed to the

An annual return is a mandatory filing that every company incorporated in India is required to submit to the Ministry of Corporate Affairs. It is a summary of a company’s activities during the financial year and must be filed by all companies, regardless of their size or turnover. Failure to file an yearly return can

The Companies Act of 2013 outlines the regulations for removing the names of companies from the Register of Companies. This process, governed by Sections 248 to 252 of the Act, provides underperforming businesses with an opportunity to eliminate their names from the list of registered companies maintained by the Registrar of Companies. A company that

Individuals or businesses that sell goods or services on online platforms such as Amazon, Flipkart, eBay, etc. are commonly referred to as e-commerce sellers. These can include manufacturers, wholesalers, merchants, or even private individuals who wish to sell their products or services online. In India, e-commerce sellers are required to comply with the rules and

Discussions have been ongoing regarding the suitable tax rate for online gaming. With the increasing number of individuals engaging in online games for monetary purposes, the growth of the gaming industry has sparked debates on the taxation and associated ITR Filing.It’s interesting to note that the industry has been looking for and debating the need

The Reserve Bank of India (RBI) has updated the rules that lenders must abide by when applying loan penalties. When a borrower delays a payment or violates the terms of the loan, many lenders now impose additional interest, known as penal interest. The RBI has proposed that fines be assessed as a fixed fee instead

The Indian taxation system follows a progressive approach where the tax payable increases as income rises, with Income Tax slabs introduced to facilitate this approach. The applicability of these slabs depends on factors like the taxpayer’s residential status, income level, category, and age. Income Tax Rates in India are reviewed annually after the budget announcement,