Associate TG
Introduction: A Comprehensive Guide to Reading Your Bank Statement Understanding your bank statement is crucial for maintaining control over your finances. Yet, many people find the document intimidating or confusing. In this blog, we’ll delve deep into the intricacies of deciphering your bank statement, empowering you to manage your finances with confidence. Decoding Transaction … Read more
INTRODUCTION Industrial Undertakings in the North-Eastern Region The north-eastern region of India comprises eight states with significant potential for industrial growth. To encourage and promote industrialization, the government has implemented special measures. Industrial Undertakings in the North-Eastern Region The North-East Industrial and Investment Promotion Policy (NEIIPP) of 2007 outlines specific provisions for certain industrial undertakings … Read more
Section 40A (3) of income tax act Section 40A(3) of the Income Tax Act, introduced as an amendment in 2009, imposes restrictions on cash payments or receipts exceeding a specified threshold. Section 40A (3) of income tax act This section disallows tax deductions for expenses exceeding Rs. 10,000 made in cash on a single day. … Read more
Introduction:- Best Section 40A(2) of income tax act addresses payments made to relatives and associated individuals. It stipulates that if an assessee incurs expenses intended for payment to a specified person, and the Assessing Officer deems such expenditure excessive or unreasonable in relation to the fair market value of the goods, services, or facilities provided, or … Read more
Depreciation rate list as per income tax act Introduction: Depreciation is a critical aspect of income tax compliance for businesses, as it allows them to account for the wear and tear of assets over time. The Income Tax Act provides specific depreciation rates for different categories of assets, which businesses must adhere to when … Read more
