Others
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What is The Difference Between AIS and TIS
Introduction Understanding the Annual Information Statement (AIS) and Taxpayer Information Summary (TIS) is crucial for seamless tax compliance. Both tools play distinct yet complementary roles in simplifying the Income Tax Return (ITR)...
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What is the DIR 3 KYC? A Comprehensive Guide for Directors
The Ministry of Corporate Affairs (MCA) has mandated that all directors in India, holding a Director Identification Number (DIN), must file the DIR 3 KYC annually. This regulation, which came...
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What is the ADT-3 Form
The world of corporate governance in India is underpinned by stringent compliance requirements, ensuring transparency and accountability in business operations. Among these regulations, the ADT-3 form plays a pivotal role...
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What is MGT-7 Filed For?
Introduction MGT-7 and MGT-7A are crucial annual return forms that every company incorporated under the Companies Act, 2013, must file to maintain compliance with Indian corporate law. These forms capture key information...
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Understanding Section 44AB of the Income Tax Act: A Guide for Traders
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...
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Simplifying Taxes for Small Businesses: Understanding Sections 44AD
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...
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Section 24: Comprehensive Guide on Deduction of Interest on Home Loan
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....
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Easy Guide to Saving Taxes with Hindu Undivided Family (HUF)
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...
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Crypto and the Indian Tax Landscape: A Comprehensive Guide
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...
