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Blogs by: steffy
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November 18, 2022 By Steffy A
LLC Taxation for Non US Residents: IRS & Tax GuideLLC Taxation for Non US Residents: Complete Guide 2026 Introduction LLC taxation for Non US residents is one of the most important topics to understand before starting a business in the United States. Every year, thousands of entrepreneurs, freelancers, consultants, […]
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November 2, 2022 By Steffy A
Section 194C of the Income Tax Act: TDS on ContractorsSection 194C of the Income Tax Act: TDS on Contractor Payments Introduction Section 194C of the Income Tax Act governed tax deducted at source, or TDS, on payments made to resident contractors for carrying out contractual work. It also covered […]
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September 30, 2022 By Steffy A
Difference between Section 80TTA and Section 80TTB of Income TaxDifference Between Section 80TTA and Section 80TTB Introduction The difference between Section 80TTA and Section 80TTB mainly relates to the eligible taxpayer, type of interest covered, and maximum deduction permitted. Interest earned from bank accounts and post office deposits is […]
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September 28, 2022 By Steffy A
Section 80TTA of the Income Tax Act, 1961: DeductionSection 80TTA of Income Tax Act,1961: Deduction Rules & Eligibility Introduction The 80TTA of the Income Tax Act provides a deduction on interest earned from eligible savings accounts. Under the 80TTA of the Income Tax Act, eligible individuals and Hindu […]
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September 26, 2022 By Steffy A
SAC Code in GST: Meaning, List, Importance & UsageSAC Code in GST: Meaning, Importance and How to Use It Introduction SAC Code in GST is used to classify services supplied under the Goods and Services Tax system in India. SAC stands for Services Accounting Code. It helps identify […]
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September 22, 2022 By Steffy A
Tax Incentives for Startups Under Section 80-IACTax Incentives for Startups in India Under Section 80-IAC Overview The Government introduced Section 80-IAC to provide Tax Incentives for Startups and support innovation, employment generation and business growth in India. Under this provision, an eligible startup can claim a […]
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September 13, 2022 By Steffy A
ITR-4 Form Filing AY 2026-27: Eligibility & ProcessITR-4 Form Filing: Eligibility, Last Date and Filing Guide Overview of ITR-4 Form Filing Income tax return ITR-4 Form Filing or ITR-4 (Sugam) Form Filing is a simplified income tax return form which is used by persons, HUFs and firms […]
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September 8, 2022 By Steffy A
Form 12BA of the Income Tax: Statement of PerquisitesForm 12BA of The Income Tax : Applicability and Structure Introduction Form 12BA of the Income Tax is issued under the income tax laws, which have established guidelines for the assessment of certain perquisites. Additionally, because Form 16 only contains […]
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July 29, 2022 By Steffy A
Section 194R of Income Tax Act: Key Provisions & ComplianceSection 194R of Income Tax Act: TDS on Benefits or Perquisites Introduction To improve tax reporting and widen the tax base, the government introduced section 194R of Income Tax Act through the Finance Act, 2022, effective from 1 July 2022. […]
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