All you need to know about Tax on Income from Patents Introduction In India, the government provides legal protection to inventors for their creations through the Patent Act, 1970. This act provides exclusive rights to the inventor for a period […]

Tax Statutory & Compliance Calendar for the Month of August 2023 Introducing our comprehensive Compliance Calendar for September 2023! As a responsible business owner, it is vital to remain in compliance with a multitude of rules and regulations. The month […]

Calculate and Track Your PF Returns Over Time in India Introduction Calculating and tracking your Provident Fund (PF) returns is essential for individuals in India who want to ensure their financial well-being in the long term. The Employees’ Provident Fund […]

Best Practices For Accurate Data Submission for EPF Registration Introduction EPF (Employee Provident Fund) registration is a crucial process for both employers and employees, ensuring the financial well-being and social security of the workforce. As part of this process, accurate […]

The Effect of the Alternative Minimum Tax (AMT) on High-Income Earners Introduction Taxation is an integral part of any country’s economic system, ensuring revenue generation for government operations and public welfare. In the United States, the Alternative Minimum Tax (AMT) […]

TDS on payment to resident contractors or professionals under Section 194M Introduction In the Finance Bill, 2019, a new Section 194M was introduced to allow individuals or HUFs to deduct taxes on the services they acquire from resident contractors or […]

Legal Remedies Available to Taxpayers in Case of Disagreement with Scrutiny Assessment Findings Introduction Tax scrutiny assessments play a crucial role in ensuring compliance with tax laws and regulations. However, there are instances where taxpayers may find themselves in disagreement […]

What incomes fall under the head of Income From Other Sources? Introduction The Income Tax Act, 1961 is the most direct tax applicable to Indian citizens. Those who receive a salary should pay it according to their income and tax […]

How do I claim house rent allowance (HRA) for jointly owned properties? Introduction Jointly owned properties can present unique challenges when it comes to claiming House Rent Allowance (HRA). Unlike single-owned properties, the process of claiming HRA for a jointly […]