Interest For Late Payment of Advance Tax and Late Filing of Return
This article is pending moderation.
Advance Tax
Advance Tax What is advance tax? Simply put, it is an advance payment of tax. Instead of paying your taxes in one go at the year end, it has to be paid in installments. This scheme is also known as … Continued
Schedule III of the Companies Act 2013
Schedule III (See section 129) GENERAL INSTRUCTIONS FOR PREPARATION OF BALANCE SHEET AND STATEMENT OF PROFIT AND LOSS OF A COMPANY Where compliance with the requirements of the Act including Accounting Standards as applicable to the companies require any change … Continued
What to do when your wallet/purse is stolen
Purse/Wallet Stolen? Here is what you should do Purse/Wallet stolen – First make sure to check whether you’ve just misplaced your wallet or it has in fact been stolen. We do recommend trying to find it in places you’ve recently … Continued
Section 44ADA
Section 44ADA – Special provision for computing profits and gains of profession on presumptive basis. There are good number of compliances under the Income Tax Act. These include maintaining a proper set of books of accounts, getting these books of … Continued
Section 44AE
Section 44AE
Section 44AD – Special Provision For Computing Profits and Gains of Business on Presumptive Basis
Section 44AD of the Income Tax Act, 1961 – Section 44AD, a scheme launched for the benefit of small businesses, wherein the assesses which are eligible for the scheme do not have to maintain books of accounts and file returns … Continued