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House Rent Allowance and Its Tax Implications- Everything You Need to Know

13-07-2024    Ashish Gambhir    Linkedin

An allowance refers to a fixed sum of money provided by an employer to an employee to cover specific expenses. Typically, this amount is given to the employee to manage their expenditures independently. In other words, if an employer provides a certain amount on a regular basis (e.g., monthly) to co...


Clarification on Corporate Guarantee Services: Recent GST Circular Insights

12-07-2024    Ankit Mittal    Linkedin

Introduction On July 11, 2024, the Central Board of Indirect Taxes and Customs (CBIC) issued Circular No. 225/19/2024-GST, addressing various issues concerning the taxability and valuation of corporate guarantees under the GST framework. This article delves into the key clarifications provided in...


Things Clients Generally Forget to Disclose in ITR in India

02-07-2024    Ashish Gambhir    Linkedin

Filing Income Tax Returns (ITR) is a crucial annual task for every responsible taxpayer in India. Despite the detailed processes and stringent deadlines, many individuals often overlook or forget to disclose certain crucial details in their ITR. Such omissions can lead to discrepancies, legal issues...


Understanding Advance Tax: A Comprehensive Guide

11-06-2024    Ashish Gambhir    Linkedin

Paying taxes is a fundamental duty for individuals and businesses alike, ensuring the smooth functioning of a country's economy. One crucial aspect of the tax system that often goes under the radar is Advance Tax. This blog aims to demystify Advance Tax, its importance, who needs to pay it,...


Understanding Section 44AB of the Income Tax Act: A Guide for Traders

07-06-2024    Ashish Gambhir    Linkedin

In today's fast-paced financial environment, a growing number of salaried individuals, freelancers, self- employed persons, professionals in India are turning to trading, including derivatives trading, as a means to supplement their income. While this can be a lucrative venture, it also brings w...


Simplifying Taxes for Small Professionals: Understanding Sections 44ADA

29-05-2024    Ashish Gambhir    Linkedin

Maintaining the complexities of income tax can be difficult for small business owners and professionals. To ease this burden, the Indian Income Tax Act offers a simplified presumptive taxation scheme under Sections 44AD and 44ADA. These provisions are designed to streamline tax compliance and reduce...


Tips and Tricks for Filing Your Income Tax Return (ITR) in India

29-05-2024    Ashish Gambhir    Linkedin

As the income tax filing season approaches in India, taxpayers are gearing up to meet the deadline. Filing your Income Tax Return (ITR) can be a daunting task, but with the right guidance and a bit of preparation, it can be a smooth and hassle-free process. Here are some essential tips and tricks to...


Understanding the Different Types of Income Tax Returns (ITR) in India

27-05-2024    Ashish Gambhir    Linkedin

Filing Income Tax Returns (ITR) is a crucial responsibility for every taxpayer in India. The Income Tax Department provides various forms to cater to different types of taxpayers, based on their income sources and amounts. Understanding which ITR form to use can be confusing, but it’s essentia...


Understanding TDS on Property: A Simple Guide

24-05-2024    Ashish Gambhir    Linkedin

Buying property is a significant milestone, but it also comes with various financial responsibilities, including taxes. One critical aspect often overlooked is the TDS (Tax Deducted at Source) provision that applies when purchasing property in India. In this blog, we'll break down TDS on propert...


Simplifying Taxes for Small Businesses: Understanding Sections 44AD

22-05-2024    Ashish Gambhir    Linkedin

Maintaining the complexities of income tax can be difficult for small business owners and professionals. To ease this burden, the Indian Income Tax Act offers a simplified presumptive taxation scheme under Sections 44AD and 44ADA. These provisions are designed to streamline tax compliance and reduce...


Navigating Taxation as a Social Media Influencer: What You Need to Know"?

16-05-2024    Vipin Sharma    Linkedin

In the digital age, social media has transformed from a mere platform for personal expression to a lucrative career opportunity for many. As influencers carve out a niche in this dynamic industry, they face unique financial considerations, particularly in terms of taxation. The rise of social media ...


Cracking the Code of Chapter VI A: Tips and Tricks for Tax Optimization

09-05-2024    Vipin Sharma    Linkedin

Earning money in today’s time is important, filing ITR is also important for being compliance tension free, but saving tax is more important than all these things to keep more money with you. You can save so much of money by saving taxes with help of deductions and exemptions. There are so man...


Section 24: Comprehensive Guide on Deduction of Interest on Home Loan

06-05-2024    Ashish Gambhir    Linkedin

Investing in real estate, particularly owning a house, is a significant achievement for many individuals. Apart from providing shelter, it also serves as an asset that can yield financial benefits. In India, There are various provisions available for taxpayers to avail deductions and exemptions in I...


Easy Guide to Saving Taxes with Hindu Undivided Family (HUF)

29-04-2024    Ashish Gambhir    Linkedin

Introduction: Ever heard of the Hindu Undivided Family (HUF) for saving taxes? It's like a secret weapon for families in India!. Established under Hindu law, an HUF offers a plethora of benefits and tax-saving opportunities for families In this simple guide, we will explain what an HUF is, ho...


Crypto and the Indian Tax Landscape: A Comprehensive Guide

24-04-2024    Vipin Sharma    Linkedin

Do you know if you receive crypto from someone as gift so you will have to pay tax on it? And now there will be some people who might not even know what is crypto, and have no idea about taxes on crypto. So firstly let’s try to help them first.   What is crypto currency? First of...


Secure Your Future Wisely: Understanding Mutual Fund Taxes

16-04-2024    Vipin Sharma    Linkedin

Worried about the future? Working hard is key, but saving smartly is crucial. While traditional options like savings accounts struggle to keep up with inflation, mutual funds offer a tax-advantaged path to growth. However, navigating the world of mutual funds without understanding their tax impli...


Navigating Seafarer Taxes: Your Guide to Smooth Sailing through Tax Season

24-02-2024    Vipin Sharma    Linkedin

Navigating Seafarer Taxes: Your Guide to Smooth Sailing Through Tax Season Filing income tax returns is a routine task for individuals in India, but when it comes to seafarers, the process can be a bit more intricate. In this guide, we'll explore the nuances of filing income tax returns for s...


Online CA Services: Simplifying ITR and Tax Filing

30-11-2023    Ashish Gambhir    Linkedin

In today's digital age, the need for professional assistance in financial matters such as Income Tax Return (ITR) filing and tax management has become increasingly essential. Chartered Accountants (CAs) play a pivotal role in providing expert guidance and services in navigating the complexities ...


CFO Services: Embrace Future with CFO as a Service Solutions

28-11-2023    Ashish Gambhir    Linkedin

In the realm of modern business operations, the role of a Chief Financial Officer (CFO) has undergone a significant transformation. The traditional CFO functions have evolved beyond financial stewardship and have now become more dynamic, adaptive, and accessible through CFO as a Service (CFOaaS) sol...


Surrender or Cancellation of GST Registration

23-11-2023    Neetu Mishra    Linkedin

When your GST (Goods and Services Tax) registration gets canceled, it primarily implies that your taxpayer identification for GST, known as GSTIN, is no longer valid. This can happen due to several reasons, includingnon-compliance with GST filing or other regulatory requirements. The repercussion...


A Comprehensive Guide: How to Change a Company Director

08-11-2023    Ashish Gambhir    Linkedin

In the world of business, change is inevitable. Companies evolve, and so do their leadership. Directors, who play a pivotal role in an organization, may sometimes need to step down, or new faces might need to take charge. This article will provide you with a step-by-step guide on how to change a...


What is Companies Auditors Report Order 2020?

26-10-2023    Neetu Mishra    Linkedin

Introduction In an ever-evolving corporate landscape, transparency and accountability are paramount. One crucial aspect of this transparency is the audit process, which ensures that a company's financial statements are accurate and reliable. The Companies (Auditor's Report) Order, 2020 (CARO 2...


Understanding AOC 4: Penalties and Size Limits

12-10-2023    Ashish Gambhir    Linkedin

Introduction In the world of business and finance, compliance is paramount. One aspect of compliance that often raises questions is AOC 4. What is the penalty of AOC 4? What is the size limit for AOC 4? These are crucial inquiries for anyone navigating the intricate landscape of financial rep...


Indian Startup Registration: Get your business registered in simple steps

07-10-2023    Ashish Gambhir    Linkedin

Starting a new business venture in India is an exciting journey filled with potential, but it can also be a daunting task, especially when it comes to navigating the complexities of registration. In this comprehensive guide, we will walk you through the entire process of Indian startup registration,...


Who is Responsible for Filing ROC? Understanding E-Forms and the ROC Filing Process on MCA

04-10-2023    Neetu Mishra    Linkedin

In the intricate world of business and corporate compliance, understanding the responsibilities and processes associated with the Registrar of Companies (ROC) filing is crucial. ROC filing is a mandatory requirement for businesses registered under the Companies Act, and it involves submitting va...


Pvt Ltd Annual Filing: Demystifying the Mandatory Annual Report and Compliance

25-09-2023    Ashish Gambhir    Linkedin

In the realm of corporate governance, annual filing holds paramount importance. It is the process through which a private limited company, often referred to as Pvt Ltd, submits its financial and operational information to regulatory authorities. This comprehensive guide will delve into the intri...


Is ROC Filing Mandatory? What is an ROC Filing?

25-09-2023    Neetu Mishra    Linkedin

In the world of business and corporate compliance, the term "ROC filing" often comes up. But what exactly does it entail, and is it mandatory for all businesses? In this article, we will delve into the intricacies of ROC filing, exploring its significance, and answering the fundamental question...


When Should Annual Return Be Filed? What is Annual Filing?

25-09-2023    Ashish Gambhir    Linkedin

In the world of finance and business, adhering to regulatory requirements is paramount. Annual return filing is one such obligation that businesses need to fulfill. This article will delve into the intricacies of annual return filing, explaining when it should be filed and what it entails. Un...


Form AOC-4: All You Need to Know

23-09-2023    Ashish Gambhir    Linkedin

In the world of corporate compliance and governance, the term "AOC-4" holds significant importance. But what exactly is AOC-4, and why is it crucial for businesses and stakeholders? In this comprehensive guide, we will delve into the intricacies of AOC-4, exploring its purpose, requirements, and...


Tax Audit Applicability & Penalties for AY 2023-24

23-09-2023    Ashish Gambhir    Linkedin

In the ever-evolving landscape of taxation, staying compliant with the latest regulations is crucial for individuals and businesses alike. One such critical aspect of taxation is the applicability of tax audits and the associated penalties. As we enter Assessment Year (AY) 2023-24, it's essential...


Virtual CFO Services in India for Startups

23-09-2023    Ashish Gambhir    Linkedin

In today's fast-paced business landscape, startups in India are constantly striving to make their mark. The role of a Chief Financial Officer (CFO) is pivotal in ensuring the financial health and success of any organization. However, hiring a full-time CFO can be a significant financial burden f...


Starting a Business? Here's Your Comprehensive Guide to Startup Registration

23-09-2023    Neetu Mishra    Linkedin

Starting a business is an exciting endeavor, but it also comes with a lot of administrative work, especially when it comes to startup registration. This process might seem daunting, but with the right guidance, you can navigate it smoothly. In this article, we will walk you through the startup re...


Filing of Annual Return of Companies (e-Form MGT-7 & MGT-7A) - AMpuesto

18-09-2023    Ashish Gambhir    Linkedin

Filing the Annual Return of Companies is a crucial compliance requirement for businesses in many jurisdictions, including India. In this article, we will delve into the intricacies of filing the Annual Return of Companies using e-Form MGT-7 and MGT-7A, with a particular focus on the innovative p...


Income Tax Audit in India - Types & Audit Limit for AY 2023-24

16-09-2023    Ashish Gambhir    Linkedin

In the labyrinthine world of taxation, an income tax audit can be a cause of concern for many individuals and businesses in India. The audit process, its types, and the applicable audit limits are pivotal aspects that taxpayers should comprehend. This article serves as your comprehensive guide to...


Form AOC 4(MCA) Filing: In-Depth Guide to Compliance, Due Dates, and Flawless Submission

30-08-2023    Neetu Mishra    Linkedin

In the world of business and finance, staying compliant with regulatory requirements is essential for smooth operations. One such requirement for companies registered under the Ministry of Corporate Affairs (MCA) in India is filing Form AOC 4. This form pertains to the financial statements and ...


Attaining Financial Transparency: An Extensive Handbook on Tax Oversight

21-08-2023    Ashish Gambhir    Linkedin

In the sphere of fiscal administration, few matters stir as much bewilderment and unease as the realm of taxes. At AMpuesto, we possess a profound grasp of the complexities inherent in tax supervision and are resolute in aiding individuals and enterprises in traversing the intricate terrain of t...


Say Goodbye to Tax Season Stress: Get Ahead with Online CA Assistance for ITR Filing

18-08-2023    Ashish Gambhir    Linkedin

Tax season is a time that often induces stress and anxiety for individuals and businesses alike. The intricacies of tax laws, the fear of making mistakes, and the daunting task of filing your Income Tax Return (ITR) can all contribute to a sense of overwhelm. However, with the advent of technol...


Streamlining Business Incorporation Process in India

08-08-2023    Neetu Mishra    Linkedin

In the realm of business growth and development, the process of company incorporation plays a pivotal role. With India's evolving economy and thriving entrepreneurial spirit, establishing a business entity has become more accessible than ever before. AMpuesto is committed to providing you with c...


Discover the Best CFO Solutions: Maximizing Profitability for Your Startup

24-07-2023    Ashish Gambhir    Linkedin

Introduction:Welcome to the world of startups, where innovation and ambition combine to create groundbreaking solutions. As a startup founder, you know that financial management is a critical aspect of your success. To truly thrive and maximize profitability, you need the best CFO solutions tail...


Think Big, Start Smart: Insider Strategies for Successful Startup Registration and Business Growth

17-07-2023    Neetu Mishra    Linkedin

Introduction: Starting a business can be an exhilarating yet challenging endeavor, especially in a rapidly evolving market like India. With the right strategies and guidance, however, you can navigate the complexities of startup registration and achieve substantial business growth. In this ar...


The Essential Checklist: Private Limited Annual Filing Demystified

10-07-2023    Ashish Gambhir    Linkedin

Introduction Private Limited companies are one of the most common business structures worldwide. They offer limited liability protection to their owners, allowing them to separate personal and business assets. However, operating a private limited company comes with certain compliance requirem...


From Startup to Scale-Up: How CFO Services Catapult Your Business to New Frontiers

07-07-2023    Neetu Mishra    Linkedin

Introduction In the fast-paced and highly competitive business landscape of today, startups face numerous challenges in their quest to scale up and achieve long-term success. One critical factor that can significantly impact the growth trajectory of a startup is effective financial management. Th...


Navigating the Trademark Registration Process with Ease

27-06-2023    Ashish Gambhir    Linkedin

What is a Trademark Any company that wants to establish itself apart from its rivals' offerings should invest in a trademark. The exclusive right to use a trademark in connection with particular goods or services is granted upon registration of the mark. However, the procedure for registering...


Maximizing Business Potential: The Importance of GST Registration

22-06-2023    Neetu Mishra    Linkedin

Introduction of GST By removing tax barriers across states and simplifying taxes for businesses, the implementation of GST in India aims to create a consistent and simplified tax structure, encourage ease of doing business, and support economic progress. In India, the Goods and Services Ta...


The Ins and Outs of GST Returns: Simplifying Compliance

19-06-2023    Ashish Gambhir    Linkedin

What we'll talk about in this blog: ?  Overview of GST Returns ?  Types of GST ? Types of GST Returns, Deadlines, and Penalties under the GST Act India ?  Strategies for Simplifying Compliance Overview of GST Returns It is a comprehensive indirect tax in India t...


Launching Your Dream Business: The Ultimate Guide to LLP Registration

07-06-2023    Neetu Mishra    Linkedin

Best of luck with your entrepreneurial journey What we'll talk about in this blog: ?  Know the Fundamentals of an LLP ?  LLP Registration Process Selecting the appropriate legal structure is a crucial first step in starting your ideal company. Entrepreneurs seeking an adap...


Not Received the Income Tax Refund Yet? Find out the Reasons Here

31-05-2023    Ashish Gambhir    Linkedin

A tax based on an individual's or an entity's earnings is known as income tax. The government imposes a direct tax on a variety of income streams, including but not limited to wages, salaries, self-employment profits, interest, dividends, capital gains, and rental income. Income tax is intended...


The Importance of Business Registration for Indian Startups

24-05-2023    Neetu Mishra    Linkedin

In recent years, a business startup ecosystem has developed in India, with entrepreneurs launching cutting-edge enterprises in a variety of industries. Startups should be aware of the importance of business registration even while they concentrate on product development, client acquisition, and ...


Top Reasons to File Your Tax Returns Even If Your Income Is Not Taxable

22-05-2023    Ashish Gambhir    Linkedin

Even if one's income is not taxable, filing income tax returns is a necessary obligation for everyone. No matter your income level, even though it may initially seem needless, filing income tax returns is imperative for several compelling reasons. The main justifications for filing income tax re...


The Effect of a 30% Income Tax on Cryptocurrency: Prepare for Changes

17-05-2023    Ashish Gambhir    Linkedin

Cryptocurrency is a digital or virtual type of currency that works independently of any central authority, such as a government or financial institution, and employs cryptography for security. It is built on blockchain technology, which is a distributed ledger that records all transactions over ...


Who Need to Register Under GST in India?

15-05-2023    Neetu Mishra    Linkedin

In India, businesses engaged in the supply of goods or services with an annual turnover of Rs. 40 lakhs or more (GST registration limit is Rupees 20 lakhs or more for businesses in special category states) are required for GST registration (Registration of Goods and Services Tax). GST opera...


How Online CAs are transforming the Tax Filing Process in India

02-05-2023    Rajneesh Kumar    Linkedin

Online CAs, or Chartered Accountants, are playing a crucial role in transforming the tax filing process in India. With the increasing adoption of technology, online CAs are leveraging digital tools and platforms to make the tax filing process more efficient and convenient for taxpayers. With the...


What is One Person Company (OPC)?

29-04-2023    Neetu Mishra    Linkedin

One Person Company (OPC) in India is a new type of business structure where a single person can incorporate a company and become its sole director and shareholder.   OPC was introduced in India through the Companies Act, 2013, to provide a simpler and more flexible business structure...


Old Tax Regime Vs. New Tax Regime Which is better in 2023?

21-04-2023    Neetu Mishra    Linkedin

Tax Calculator: Download it from here- https://drive.google.com/drive/folders/1sPhGtbd1SsL3xMfEK8Kn5dkhaRHPzr1Y Currently, there are two income tax slabs from which a salaried individual has to choose one every year. The income tax rates for these slabs are different. The old income tax regi...


Essential Legal Services for Startups

19-04-2023    Rajneesh Kumar    Linkedin

After Startup registration, it?s necessary to ensure that a startup company adheres to all relevant laws, regulations, and industry standards in order to operate legally and responsibly. Compliance is a critical aspect of running a startup, as failure to comply with applicable rules and regulati...


Understanding the Role of A CA for Income Tax Filing

12-04-2023    Ashish Gambhir    Linkedin

When filing your Income Tax Return (ITR) there are some crucial points to remember to ensure appropriate filing of your income tax return. There are different earnings and deductions that the average taxpayer fails to mention when filing their income tax returns. At the time of filing your ITR, an a...


Top Tax Saving Investment to Consider for Your Income Tax Return

28-03-2023    Ashish Gambhir    Linkedin

Every salaried individual whose annual income exceeds Rs. 2.5 lakhs are needed to file an income tax return. However, if their annual income is less than Rs. 5 lakhs, they are eligible for a tax rebate. Those who are earning high have a higher tax liability, which making it necessary for ...


How to Choose the Right Type of Company Registration for your Business

24-03-2023    Ashish Gambhir    Linkedin

Choosing the right type of business structure for your business is an important decision that will have legal and financial impact on your business. The best business form for any individual or organization depends on various factors such as the nature of the business, the level of control and m...


Virtual CFO vs. Traditional CFO: Which is Right for your Business?

17-03-2023    Ashish Gambhir    Linkedin

CFO and Their Role: CFO stands for Chief Financial Officer, which is a high-level executive responsible for managing an organization's finances, including financial planning and analysis, budgeting, accounting, and financial reporting. The CFO is a crucial member of the executive team who pro...


10 ITR Filing Mistakes by Indian Tax Payers which should be avoided

15-03-2023    Ashish Gambhir    Linkedin

As an Indian taxpayer, it is important to file your income tax return (ITR) accurately and in a timely manner to avoid any penalties or legal issues. While filing your ITR, there are certain things that you should avoid to ensure that your return is error-free and reflects your true income and d...


Compliances for Private Limited Company

04-02-2023    Rajneesh Kumar    Linkedin

Every LLP or Private Limited Company must ensure several compliances after being registered as a corporate entity, some of which are Annually or some of them dependent upon certain events that occurred within the company. Here is list of some general compliance-based form that every private limi...


Company Name Change

25-12-2022    Rajneesh Kumar    Linkedin

STEPS FOR PRIVATE LIMITED COMPANY NAME CHANGE PROCESS 1. Hold A Board Meeting and Authorize any director For a name change, the company must send a notice and hold a board meeting to change the company name by passing a resolution of the board of directors and authorizing one of the boar...


Closure of Pvt Ltd Company

15-09-2022    Nikunj Kaushik    Linkedin

Process for Voluntary Strike off (Closure of Company) 1. Hold Board Meeting to discuss and decide for voluntary strike off u/s 248(2); 2. Pay off all the liabilities before holding EGM; 3. Convene EGM for passing special resolution; 4. File Special Resolution in MGT-14 within 30 ...


5 Reasons of Business Failure

10-09-2022    Ashish Gambhir    Linkedin

Top 5 Reasons of Business Failure Business Failure – Business Failure refer to the possibility of inadequate profits or even losses and shut down of business. There can be many reasons for business failure but the top 5 reasons are discussed below: Improper Accounting – Accoun...

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