E-invoicing under GST
What is e-invoicing under GST? 'E-Invoicing' or 'electronic invoicing' is a process through which GSTN authenticates B2B invoices electronically for further usage on the common [...]
Blog
Section 194H - TDS on Commission and Brokerage
What Is Section 194H? Under section 194H, income tax is levied on any income earned by an individual through brokerage or commission. In other words, as per section 194h of the income tax act, an [...]
MCA - RUN (Reserve Unique Name) for Company
What is MCA-RUN? MCA stands for the ministry of corporate affairs, and RUN stands for reserve unique name. RUN is a new web-based application launched by the ministry of corporate affairs on 26th [...]
Section 80GG: Claim Income Tax Deduction on Rent Paid
Section 80GG Section 80GG is introduced by the government to provide tax relief to those individuals who do not receive HRA but pay rent for their stay on a regular basis. Both self-employed and [...]
Form 67: Claim Foreign Tax Credit in India
What is a foreign tax credit? As you know, people residing in the home country (India) get several opportunities of job or work. Because of that, they have to travel often from India to foreign [...]
Section 80G: Income Tax Deduction for Donations
Section 80G Under section 80G of the income tax act, contributions made towards relief funds & charitable institutions can be claimed as a deduction. The amount of donation can be claimed as a [...]
PM KISAN (Pradhan Mantri Kisan Samman Nidhi)
What is Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)? The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a Central Sector Scheme launched by the central government to provide income support [...]
LLP audit requirement
What is an LLP Audit? A Limited Liability Partnership is a hybrid of a company and a partnership. A limited liability partnership is required to maintain annual books of accounts under the [...]
Form 60 of Income-tax
What is Form 60 of the Income Tax? It is a declaration filed by an individual in the absence of a PAN card in order to carry out specific financial transactions specified in rule 114B. [...]
Opening of branch office by foreign company
Opening of Branch Office by Foreign Company A branch office is the most suitable and preferred business model followed by foreign companies to establish their temporary presence in India. It [...]
