Scheme for taxation of virtual digital assets (Cryptocurrencies & NFT)

Scheme for Taxation of Virtual Digital Assets (Cryptocurrencies & NFT) The amount of cryptocurrency transactions has dramatically increased. Provisions were adopted to describe such assets, allow for the taxes of income flowing from transactions in such assets, and TDS provisions…

Partnership Firm

Partnership Firm The law relating to partnership firm in India is prescribed in the Indian Partnership Act of 1932. This Act lays down the rights and duties of the partners between themselves and other legal relations between partners and third…

Computation of Total Income of HUF

Computation of Total Income of HUF A Hindu Undivided Family (HUF) is a joint family which may or may not be following the religion of Hinduism. Contrary to the apparent impression which can be gleaned from the term HUF, even…

HUF Income Tax Filing

HUF Income Tax Filing The expression Hindu Undivided Family (HUF) means a group of individuals consisting of persons lineally descended from a common ancestor. HUFs include the wives and unmarried daughters of the eldest male member of the family, who…