Filing of Form 15CA & Form 15CB: A Comprehensive Guide

Filing of Form 15CA & Form 15CB

Form 15CA and Form 15CB are compliance documents required under the Income Tax Act, 1961, for remittances sent outside India. Their primary purpose is to ensure that any payment made to a non-resident is examined for taxability before it leaves India. These forms help the Income Tax Department track foreign remittances and prevent tax evasion… Continue reading Filing of Form 15CA & Form 15CB: A Comprehensive Guide

HUF (Hindu Undivided Family): Meaning, Formation, Tax Benefits, and Key Features

Form ITR-2

A Hindu Undivided Family (HUF) is a unique legal and tax entity recognized under Indian law. It is formed by members of a Hindu family and is treated as a separate person under the Income Tax Act for Income Tax Return Filing, 1961. Many families create HUFs to manage ancestral wealth, run family businesses, and… Continue reading HUF (Hindu Undivided Family): Meaning, Formation, Tax Benefits, and Key Features

Taxcellent - For All Chartered Accountants Services

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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