Post by: poonamgandhi in Income Tax
Explanatory notes to the provisions of the Finance Act, 2022 Central Board of Direct Taxes recently vides circular no. 23/2022 dated 3rd November 2022, came up with detailed explanatory notes to the provisions of the Finance Act, 2022. The important…
Post by: Shubham atkari in Income Tax
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…
Post by: Chris John in 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…
Post by: Chris John in Income Tax Personal Finance
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…
Post by: IndiaFilings in Compliance Income Tax
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…
