What Is Income Tax Return (ITR) In India?

  An income tax is a small percentage of your income paid to the government. If you paid an extra amount of money as the tax, you could claim the money by filling out returns. In simple words, we are liable to pay tax to the government as a law…

What Are The Things You Should Know About Professional Tax Enrollment Certificate(PTEC)?

PTEC full form Professional enrollment certificate is an essential requirement to maintain smooth functioning of the business complying with legalities of respective states. PTEC applicability is a tax levied on companies as entities and their authority's remuneration. Acquiring a Professional tax enrollment certificate allows paying professional tax of a business…

What Is The LLP Registration Process In India? And Documents Required?

Limited Liability Partnership is a form of partnership in a business enterprise where all the members have limited liabilities. No single partner is solely responsible for losses or misconduct of other partners. It has become the preferred form of organization among entrepreneurs because it incorporates the benefits of both a…

NRIs and Taxation in India

  More often than not, you may have found yourself ask questions or hear people ask you questions like “Am I liable to pay tax if..?” or “if I do it this way, will the liability be lesser?”  But before determining NRI Income Tax, it is fundamental to ascertain the…

Blocked Input Tax Credit under Section 17(5)

Blocked Input Tax Credit under Section 17(5) The Goods and Services Tax Act, 2017, also known as the GST Act, is the consolidated legislation on indirect tax in India. The GST Act recognizes several concepts which are fundamental to the indirect tax regime in India. One such concept is input…

DIR 3 KYC and DIR 3 KYC WEB

What is DIN and DIR 3? A unique Director Identification Number (DIN) can be obtained by any individual willing to become a director or partner in one or more companies to be registered with The Ministry of Corporate Affairs (MCA). Getting a DIN is a one-time process which can be…