All you need to know about the differences between TCS and TDS  Introduction Income tax, direct taxes, and indirect taxes are all types of taxes that the government collects. Individuals who earn money are required to pay direct taxes to […]

Insights on Due Diligence for Startups in India and Types of Due diligence for Startups in India   Introduction Due diligence is an investigation or audit performed before an acquisition, investment, business partnership, or bank loan, for example, to ensure compliance […]

LLC taxation for non us residents Introduction LLCs are one of the greatest legal entities for non-US business owner. They permit access to all the advantages of a first-world jurisdiction, including banking, payment processing, and a high reputation, while keeping […]

House Rent Allowance: Meaning, How to calculate and Rules for HRA Tax Exemption in India Introduction If you are a salaried individual, you can use the House Rent Allowance (HRA) to cover the costs of renting a home. Salaried people […]

A complete guide on Section 194C TDS – on payment to contractors Introduction Section 194C of the Income Tax Act deals with the tax deducted at source (TDS) that is required to be deducted from any payments made to a […]

Statutory Due Dates and Compliance Calendar for the Month of November 2022 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. Statutory […]

A complete guide on PF Return Annual Filing Introduction The Provident Fund, which has been registered with the Securities and Exchange Commission (SEC), is a separate legal entity that is totally cut off from both the employer and the investment […]

Types of correction in TDS return Introduction The TDS idea was introduced with the intention of collecting tax at the source of revenue itself. Tax filing is a time-consuming process that is subject to unavoidable mistakes.  The TDS returns and […]

Difference between Professional Tax and Income Tax: A complete guide Income tax is not the same as professional tax. While a professional tax is governed by the state government, the income tax is controlled by the federal government (Central Government). […]