What is Director KYC (DIR-3 KYC)? Director KYC is an annual procedure to file updated information of the director with the Registrar of companies (ROC) in DIR-3 KYC Form. Director KYC filing with the ROC has to be done yearly in order to keep the DIN effective & activated. Director identification number (DIN) is an […]
Category: PERSONAL FINANCE
Most of the property buyers are not aware that on purchase of property above 50 lacs buyer must deduct tax and file the same with the Government. This is not applicable to agricultural land. The purpose of this law is to tackle the tax leakages and black money in any kind of immovable property transactions. […]
All Businesses such as private limited company, limited liability partnership, one Person Company registered under company Law have some set of compliance which are to be done every year before the due date. If you are a business registered under company Law following compliance rule is very important because Registrar of companies doesn’t take it […]
The number of people investing in cryptocurrencies has grown significantly in India. As cryptocurrency investments in India is coming into more mainstream, a lot of taxpayers wonder how they can report the same into income tax returns. Certain rules on taxation were clarified in Budget 2022-23 however it does not say anything on its legality […]
Companies Act 2013 regulates Private Limited Company, Limited Liability Partnership , One Person Company and Public Limited Company in India. Many people who start their business choose Private Limited Company or Limited Liability Partnership at the beginning itself and some convert their running business into these structure later on. In this article Tax Vic will […]
WHAT IS GENERAL INCOME TAX RULES FOR FREELANCER? As per the Income law in India, Any income you earn as a freelancer in India is counted under the head ‘Profits and Gains of Business or Profession’. The income tax slabs for freelancers are the same as that for salaried individuals. The higher your income, the […]
In India and all over the world number of freelancers is increasing every second. Currently in India there are 16 million approx. freelancers in several fields. Technology, opportunities, innovations in working methods, remote location working methods have contributed positively in freelancing work. Like any other income earners Freelancers are also liable to comply with the […]
It is quite painful when you have to pay huge sum of taxes for salary income. This write up is meant to help you understand all the methods available to save taxes on income from salary. It is a smart decision to save taxes on salary income by utilizing the methods Government has given to […]