Importance of TDS on life insurance policy Introduction Life insurance policies are designed to offer financial protection to the policyholder’s dependents in the event of their unexpected death. While buying life insurance, one must consider the premiums to be paid […]

TDS on payment of any other sum to non-resident Introduction Tax Deducted at Source (TDS) is a method through which the government ensures that tax is collected at the source of income generation. In simple terms, TDS is a method […]

What is a sole proprietorship? Why filing ITR is mandatory for a Sole Proprietorship in India? Introduction A sole proprietorship, like other incorporated businesses such as partnerships and companies, must pay tax on its earnings. In a legal sense, a […]

How to file ESI Nil Return on ESIC Portal? Introduction The submission of an ESI Return is required for all Employees’ State Insurance (ESI)-registered employees. Employees are required to submit the return every six months until the set due date. [...]

All about the Amendments to the GST rate for renting immovable property Introduction The government has issued a new GST Regulation for “Rental of Residential Property,” on July 18, 2022. According to a recently passed modification to India’s Goods and […]

Compliance Calendar for the month of March 2023 Welcome to the Compliance Calendar for the month of March 2023. March being the last month of the Financial Year 2022-23, it becomes crucial for businesses and individuals alike must keep track […]

All you need to know about “How to file Nil TDS Return?” Introduction TDS Reconciliation Analysis and Correction Enabling System (TRACES) has implemented a new procedure for Nil TDS return filing with the fiscal year 2014-15. This is applicable to […]

ITR Filing for a Partnership Firm Introduction All partnership firms are required to file income taxes, either manually or digitally. Income tax for a company can be validated with a digital signature or an electronic verification code (EVC). When a […]

What is the procedure to file Form DRC-03 under GST? Introduction The GST Portal now offers Form DRC-03 under GST for taxpayers to use when making voluntary contributions. A taxpayer may make voluntary contributions using Form DRC-03 before receiving a […]