The date of linking PAN-Aadhaar has been extended by the government to Jun 30, 2023. Those who link it now will have to pay a fine of Rs 1000. The fine was levied after last year’s deadline of June 30, 2022 If you fail to link your PAN and Aadhaar after 30th June 2023, you … Read more
(2) With regard to the use of the name-board, there will be no bar to putting up a name-board in the place of residence of a member with the designation of Chartered Accountant, provided it is a nameplate or a name-board of an individual member and not of the Firm. (3) The requirement of Section … Read more
Section 194R TDS: Applicability as per Income Tax Act
(1) Maintain the books of account and other documents by notified profession [Section 44AA(1)]: This section provides that every person carrying on the legal, medical, engineering or architectural profession or accountancy or technical consultancy or interior decoration or any other profession as has been notified by the CBDT in the official gazette must … Read more
The various items of income chargeable to tax as income under the head ‘profits and gains of business or profession’ are as under: (1) Income from business, profession, or vocation: Income arising to any person by way of profits and gains from the business or profession carried on by him at any time … Read more