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On September 20, 2019, the Government of India implemented Section 115BAA using the Taxation (Amendment) Ordinance 2019. The Income Tax...

A special tax known as a cess is imposed in addition to other taxes already in place. Funds are raised by the central government for...

The Income Tax Act, of 1961, provides several deductions on home loans that can significantly reduce your tax liabilities. Notably, the...

Depreciation is the inevitable deterioration that assets experience over time. It may seem straightforward in ordinary situations, but it...

Section 80C of the Income Tax Act, 1961, is one of the most popular tax-saving provisions available to individuals and Hindu Undivided...

When it comes to filing income tax returns in India, adhering to deadlines is crucial to ensure compliance with the law and avoid...

Regaining ownership of the company's shares through the purchase of previously issued shares is a crucial component of any organization's...

To improve international accessibility and openness for Indian businesses, a set of financial reporting guidelines known as Indian...

Accrual and receipt are the two criteria that determine whether income is taxable. Money is subject to taxation in any nation based on...

Many financial transactions are documented in a company's financial statements. Some are done only to monitor the funds, while others are...