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PERSONAL FINANCE

Director KYC About DIR-3 KYC file

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 […]

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PERSONAL FINANCE

ALL ABOUT TDS ON PURCHASE OF IMMOVABLE PROPERTY IN INDIA

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. […]

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PERSONAL FINANCE

Your company compliance for FY 2021-22

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 […]

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PERSONAL FINANCE

THE ULTIMATE GUIDE TO TAX FILING RELATED TO CRYPTOCURRENCY IN INDIA

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 […]

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PERSONAL FINANCE

Companies Act 2013 important points you must know

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 […]

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PERSONAL FINANCE

TAX FILING/ INCOME TAX RETURN FOR DIFFERENT CATEGORIES OF FREELANCERS IN INDIA

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 […]

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PERSONAL FINANCE

TAXES IN INDIA FOR FREELANCERS: GUIDE TO PLAN AND SAVE TAXES STEP BY STEP

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 […]

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PERSONAL FINANCE

EVERYTHING YOU NEED TO KNOW ABOUT TAX SAVING FOR SALARY INCOME IN INDIA

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 […]