Chartered accountant in chennai
Beware of Fake emails in the name of Income-tax Department Got an email like this??? Beware this is fake….. How to find out if its fake? Check the from email address. Mails from Income-tax department will have incometax.gov.in in their email address. These fake mails does not seem to be from income-tax Department The fake […]
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Form 15CA & 15CB Certification Services Looking for Form 15CA & 15CB Certification Services?Navigating foreign remittances requires precision to avoid heavy penalties. Under the Income-tax Act, 1961, every payment made to a non-resident must be scrutinized for taxability. Whether you are paying for software, royalty, professional services, or overseas investments, we ensure your Form 15CA
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Legally Save Lakhs: Selling Ancestral Property: Capital Gains & Tax Exemptions (2026 Guide) Does selling an ancestral property attract tax in India? Yes, the sale of inherited or ancestral property attracts Long-Term Capital Gains (LTCG) tax if held for more than 24 months. Taxpayers can choose between a 12.5% rate without indexation or a 20%
Income-tax on Compulsory Acquisition of Land – A Complete Guide Compulsory acquisition of land is a subject that brings together law, tax, public policy and personal finance. For most landowners, the acquisition of their property by the Government is not a routine event. It is often sudden, involves large sums of money, and raises immediate
Income-tax on Compulsory Acquisition of Land – A Complete Guide 2025 Read More »
1. What is a Section 133(6) Notice? A Notice under Section 133(6) of the Income-tax Act, 1961 is an important tool used by the Income-tax Department (ITD) to gather information that is relevant or necessary for any inquiry or proceeding under the Act. It is fundamentally an information-seeking notice, not an assessment or scrutiny notice
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Income Tax Refund Delays: How to resolve the issue? Income tax refunds are a crucial aspect of financial planning for taxpayers. However, many individuals face delays in receiving their refunds due to various reasons, one of the most common being pending queries from the Income Tax Department. These queries often require the taxpayer’s immediate response,
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TCS on Foreign Remittance Transactions under LRS as per Income Tax Act, 1961 (Updated for October 2023) Introduction The Liberalized Remittance Scheme (LRS) allows Indian residents to remit money abroad for various purposes, such as travel, education, medical treatment, and investments. As of October 1, 2023, the Government of India has revised the Tax Collected
GST E-Way Bill: 15 Essential Precautions to Avoid Costly Mistakes Introduction The Goods and Services Tax (GST) E-Way Bill system is an essential part of transporting goods across India. It ensures that goods in transit comply with the GST laws and helps prevent tax evasion. However, generating an E-Way Bill correctly is crucial to avoid
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Income Tax Filing for NRIs with DTAA Benefits Introduction Overview of Income Tax Filing for NRIs Income tax filing for Non-Resident Indians (NRIs) can be a complex process due to different tax laws and regulations in India and the country of residence. Understanding the intricacies of tax filing is crucial for NRIs to ensure compliance
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Non Resident Indians – NRI Tax filing Non Resident Indians – NRI Tax filing NRI tax filing in India can often be a confusing and overwhelming task for many Non Resident Indians (NRIs). With various regulations and complexities to consider, it’s important for NRIs to have a clear understanding of their obligations and how to
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STPI / Non STPI Registration in Chennai: A Comprehensive Guide If you are an IT or IT-enabled services company based in Chennai, you may have come across the term “STPI Registration.” STPI, which stands for Software Technology Parks of India, plays a crucial role in fostering the growth of the IT industry in the country.
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The CBDT has notified vide its Notification No 39/2023 dtd 12.06.2023 that the Cost Inflation Index (CII) for the year 2023-24 be 348. What is Cost Inflation Index? The Cost Inflation Index (CII) is a crucial parameter used in the Indian tax system to adjust the purchase cost of assets and investments for inflation. It
Cost Inflation Index for F Y 2023-24 notified Read More »
Streamline Your Business with Tally Accounting Outsourcing Services in Chennai In today’s fast-paced business world, managing finances and maintaining accurate accounting records are crucial for the success of any organization. However, as businesses grow, accounting tasks can become overwhelming, time-consuming, and prone to errors. That’s where Tally Accounting Outsourcing Services come to the rescue. By
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The CBIC has reduced the E invoice limit for business from the existing 10 Crores to 5 Crores. This is w.e.f. 01st Aug 2023. Accordingly, if the turnover of the business has exceeded more than 5 Crores in any of the Financial years starting 2017-18, E invoicing will be applicable w.e.f. 01st Aug 2023. The
E Invoicing Limit reduced to 5 Crores w.e.f 01st Aug 2023 Read More »
The due date for payment of Advance Tax for the Financial Year 2022-23 (AY 2023-24) is 15th September 2022. Please Check the below post to check if you are liable to pay Advance Tax The Procedure for Tax payment is provided in this link
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