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Income Tax

Section 80TTB for Senior Citizens in India

For many seniors, handling money in retirement is about smart planning and enjoying their golden years. One of the most beneficial provisions in the...

Team Counselvise - February 7, 2025

Income Tax

Budget 2025: Key Direct Tax Changes You Need to Know

The Union Budget 2025 has introduced several direct tax changes aimed at reducing the tax burden and easing compliance for individuals and businesses. With...

Team Counselvise - February 4, 2025

Latest Articles

Finance

Microfinancing and Poverty Alleviation

Microfinance is a specific business category of services, which includes microcredit. Micro-credit is a loan service to poor clients. Micro-credit is one of the...

Anjali Garg - May 22, 2020

Company Law and IBC

Petition for initiation of insolvency proceedings by Home Buyers

Insolvency and Bankruptcy Code 2016 is the law relating to insolvency and bankruptcy in India. This code was enacted with a view to consolidate...

Shubham Agarwal - May 20, 2020

Income Tax

Penalty u/s. 270A and 271(1)(c)

Before the introduction of S. 270A, Section 271(1)(c) of the Income Tax Act was in place being penalty on concealment of income and or...

Shubham Agarwal - May 20, 2020

Income Tax

Finance Act 2020: NRI can stay in India only for 119 days, if his taxable income is more than Rs.15 lakhs.

During the Budget 2020, Finance Minister proposed changes in the criteria for determining residential status for Non Residents Indians for tax purpose. On March...

CA Shristi Barmecha - May 16, 2020

Finance

Related-Party and its Reporting Requirements

Meaning of related party So what does the term ‘Related Party’ mean.? How important this is to companies and individuals. What are the conditions to...

Anjali Garg - May 16, 2020

Extensions announced under Direct Tax, Audit Compliance and RERA due to Covid 19

The Finance Minister Ms. Nirmala Sitharaman, in the press release held on 13.05.2020 announced various relaxations in respect to deadlines and due dates under...

Khushi Surana - May 16, 2020

Finance

Why it is important to know your business’s “Working Capital Cycle”?

A working capital cycle (WCC) may sound like financial jargon, but it’s an important concept for business owners to understand. What entrepreneur wouldn’t want...