Find answers, ask questions, and connect with our community around the world.
Ask Question
Which Business are Eligible for Presumptive Taxation Scheme Under Section 44ae?
According to section 44AE of the Income Tax Act, these businesses are eligible if they have engaged in hiring, leasing, or operating fewer than 10 goods and vehicles in a...
RKLast reply by
Rajbeer Kumar
3Replies
What is Section 194m of the Income Tax Act?
Section 194 M is applied to the HUFs and individuals who don't have to deduct TDS under other section of the Income Tax Act. This applies to the Individual and...
SLast reply by
Savetaxs
4Replies
Tax Deduction under section 194M?
TDS under section 194M is applied to individuals and HUFs if they are a part of a business or a profession that is more than INR 1 crore or 50...
SLast reply by
Savetaxs
10Replies
What is a Disadvantage of OPC?
The disadvantages of OPC are given below:
OPC is only good for small businesses because it has only maximum limit of 1 member.
An OPC cannot indulge in non-banking financial activity, which...
MDLast reply by
Mihir Dutta
5Replies
What is the Process of Corporate Tax Planning?
The process of corporate tax planning includes:
The first step is to set the goals of defining clear business objectives and taxation. This will help in choosing the perfect tools...
DMLast reply by
Devika Mishra
4Replies
What are the Advantages of Corporate Tax?
The advantages of corporate tax are:
It is cost-efficient and reduces tax payments.
Probability of getting higher profits.
Corporate tax planning follows all the rules and regulations to avoid any...
SLast reply by
Savetaxs
4Replies
How to Register One Person Company?
Follow these steps to register for a one-person company.
First, you need to get the Digital Signature Certificate (DSC), for which you need to gather some of the following documents:...
MDLast reply by
Mihir Dutta
4Replies
What is One Person Company?
A one-person company is also known as the OPC. It is a company that is held by a single individual and has full control over the management and operation of...
NKLast reply by
Neel Kaul
3Replies
What are the 4 Types of Partnership?
Here are the 4 types of partnership given below:
General partnerships: In this type of partnership, all the partners have equal responsibility to manage the business, and a general partnership...
RRLast reply by
Radhika Raina
3Replies
What is the Difference Between LLP and Partnership?
An LLP (limited liability partnership) is a corporate business that helps a partnership firm and a company. It has a different legal entity as seen with the law, and it...
