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Professional Tax is a state-level tax applicable to individuals and businesses engaged in professions, trades, callings, or employment, subject to the provisions prescribed under respective state laws. Businesses liable under applicable Professional Tax laws may need to obtain registration or enrolment ...
The EPFO wage ceiling increased proposal has been approved by the Union Cabinet based on the recommendation of the Ministry of Labour & Employment to enhance the mandatory EPFO coverage wage ceiling from ₹15,000 to ₹25,000 per month. According to the Ministry, this enhancement is expected to bring m...
Receiving a Defective Return Notice from the Income Tax Department means that the filed Income Tax Return (ITR) contains incomplete, inconsistent, or incorrect information that requires correction. Such notices are generally issued under Section 139(9) of the Income-tax Act, 196...
Selling a property is not only about negotiating the right price. The date of transfer, holding period, stamp-duty value, residential status, reinvestment strategy and TDS can materially change the seller’s final tax liability. This is why Property Sale Tax Planning should ideally begin before the sal...
Many Micro, Small and Medium Enterprises (MSMEs) are confused about whether they need to complete an Udyam Registration Annual Filing every year or renew their Udyam Registration after the end of each financial year.
Unlike regular compliance filings such as GST returns, incom...