DRC-03- When should a taxpayer make a payment under DRC-03? Introduction The DRC-03 form is used to submit voluntary tax payments as specified by the nation’s GST law. It is done when the government discovers a tax demand or insufficiency […]

All you need to know- Penalty chart under Income Tax Act, 1961 Introduction The timely and consistent payment of taxes and submission of returns guarantees that the government has funds available for public welfare at all times. There are many […]

Compliance Calendar for the month of February 2023  Starting, owning, or doing a business in India comes with important compliance that a business, irrespective of its structure, has to adhere to during a financial year. Be it filing of Income […]

Legal procedure and Compliance for Fintech company incorporation – A complete guide Introduction With the growth of start-ups in the Fintech industry, the future of fintech in India appears bright. Other factors such as mobile user penetration, the continuous expansion […]

What is Corporate Tax in India? And Corporate Tax Rate for Companies in India Introduction The Income Tax Act of 1961 imposes a corporate tax on both domestic and foreign corporations. Through this Act, the Government of India requires domestic […]

Types of equity earnings and Income Tax rules for Equity Share Trading Introduction Equity investments are potentially risky, but they produce high returns. No matter how much profit you make, it is always subject to capital gains taxation. If the […]

3CB and 3CD Form – What is it? And components of form 3CD and 3CB Introduction Forms 3CB and 3CD are reporting formats that should be used by auditors who are auditing the books of accounts of taxpayers who are […]

“What is ITR Form 7?”, “How to file ITR 7?” And Eligibility Criteria Introduction ITR taxpayers have several options for completing the Income Tax Return Form 7, including bar-coded forms, paperback forms, digital signatures, and the filing of return verification […]

E-commerce taxation in India and Scope of Section 194O of the Income Tax Act Introduction Do you know that there was no tax on e-commerce businesses at first? As a result, non-resident e-commerce operators made profits in India without paying […]