According to the Income Tax Department, individuals with higher incomes are required to disclose certain assets in their Income Tax Return (ITR). The Disclosure of Assets in the Income Tax Return (ITR) is made mandatory. The necessity was applied in 2016 and has since been periodically changed. Let us discuss more it in detail. Table…
Limited Liability Partnership (LLP) is a somewhat new sort of business element presented in India through the LLP Act, 2008. LLPs are generally famous among independent companies and with late unwinding of FDI rules identifying with LLP, the interest to register a LLP among NRIs and Foreign Nationals has additionally expanded. In this article, we…
Under the Regulation and Development Act of 2016, the Government of Rajasthan has introduced regulations to promote and regulate the real estate and housing sector in government. Through this program, Rajasthan RERA will promote the expansion and development of a healthy, transparent, effective, and competitive real estate market. The article highlights the property dealer registration…
The Ministry of Corporate Affairs (“MCA”) has, in view of the representations it got for looking for extension of time for holding the Annual General Meeting (AGM) for the financial year finishing on March 31, 2021, informed the Registrar of Companies (RoC) to accord endorsement for expansion of time for holding the AGM for a…
Housing Rent Allowance, or HRA, is a portion of most salaried individuals’ pay. If you fulfil all of the conditions, the HRA you get is not entirely taxable and could be subtracted from your taxable income. To be eligible for HRA, you must live in rental housing and pay monthly rent. So, Can I pay…
India is the world’s third-largest incubator, with 55000 start-ups. There are 59 unicorns among them. Start-ups are growing in number and scale as a result of the digital revolution. The government has supported this gathering with a number of programmes. Special mention should be made of tax breaks and the effective resolution of issues such…
The Income Tax Return (ITR) is a self-declaration form in which taxpayers are obliged to provide information about their income and tax liability. The majority of individual taxpayers record their own ITR. Because income tax is complicated legislation, a typical taxpayer does seem to make mistakes when filling out the ITR forms. In this article,…
Under Section 177 of the Companies Act, 2013, the Board of Directors may refer certain matters to committees established for this purpose. Committees are formed as a means of improving the efficiency and effectiveness of the board in areas where there is a need for more focused, specialized, and technically focused discussions. This article focuses…