With the change of time, every product is available online. CA Services by Chartered Accountants in Delhi are also easily available to you on the internet with the best prices without compromising quality. Taxcellent is an online platform that specifically connects you with Chartered Accountants in Delhi for any services you want. Chartered Accountants in… Continue reading Online Chartered Accountant (CA) Services in Delhi with Taxcellent
What is a Net Worth Certificate? A Net Worth Certificate is a document prepared and certified by a Chartered Accountant (CA) that provides a complete summary of an individual’s or entity’s financial position during a specific point of time. It provides the complete record of all assets and liabilities held by the individual, partnership firm,… Continue reading Unlocking Financial Insights: Understanding Net Worth Certificates
1. What is the ITR-6 Form used for? The ITR-6 form is being used for Income Tax Return filing, specifically for Companies not claiming exemption under section 11 of the Income Tax Act,1961. 2. Who is eligible to file ITR 6 return in Delhi? Every Company registered under the Companies Act 2013 or its predecessor,… Continue reading Comprehensive Guide to ITR-6 Form: Filing Requirements, Eligibility, and Updates
Which form is used for filing ITR by a salaried employee? A salaried employee receives a fixed amount of income from an employer for providing services under a contract of employment. The aforesaid income include salary, allowances, perquisites, and other benefits. The salaried employee is required to pay income tax on the income earned from… Continue reading Comprehensive Guide to Income Tax Filing for Salaried Employees
Tax Deduction at Source (TDS) on property sales could be one of the most important elements of the Indian Income Tax System. For both the buyers and the sellers alike comprehension of each their part under section 194IA of the Income Tax Act 1961 is of utter importance. We will go into TDS on property… Continue reading Understanding TDS on Sale of Property: A Comprehensive Guide
Section 194IB of the Income-tax Act introduces crucial provisions regarding Tax Deducted at Source (TDS) on rent payments. Whether you’re an individual or a Hindu Undivided Family (HUF), it’s essential to grasp the nuances of this section to ensure compliance and avoid penalties. Let’s delve into the key aspects of Section 194IB: 1. What is Section… Continue reading Mastering TDS on Payment of Rent: A Comprehensive Guide to Section 194IB
Section 44ADA of the Income Tax Act provides a presumptive taxation scheme for certain professionals. It allows eligible individuals to tax on 50% of their gross income calculated as per the provision of the Income Tax Act. Eligible professional income under section 44ADA less than ₹50 lakhs (the limit is revised to 75 Lakhs w.e.f.… Continue reading Understanding Section 44ADA of the Income Tax Act
The Last date to Claim Income tax exemption for the financial year 2023-2024 is 31st March 2024. Therefore, one must make their investments before this date. These tax investments help in tax savings lawfully & also provide returns for future perspective. For any Investments made after 31st March 2024, income tax benefits will be applicable… Continue reading Income Tax Deductions Under Section 80C for FY 23-24 & FY 24-25
Section 44AD is a presumptive taxation scheme that was introduced by the Income Tax Act, 1961 in order to ease the tax burden on small taxpayers or assessee. Section 44AD provides a way to calculate tax on gross receipts. Tax under Section 44AD is calculated at 8%/6% of the gross turnover of the assessee for… Continue reading Demystifying Section 44AD: A Guide to Presumptive Taxation
In the realm of financial evaluations, the Net Worth Certificate stands as a crucial document, providing insights into an individual’s or entity’s fiscal standing. This certificate, meticulously prepared and verified by a Chartered Accountant, encapsulates the entirety of assets and liabilities, offering a clear panorama of financial health. Let’s delve deeper into the essence of… Continue reading A Comprehensive Guide For Net Worth Certificate-Clarification
We have launched a range of Chartered Accountants Services for families along with a complete income tax filing product suite covering ITR-1 to ITR-7. With the launch of our families division, we aim to help millions of Indians with financial literacy, compliance and investment.
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