Income Tax

Income Tax Penalties: Understanding the Consequences of Non-Compliance

Marg ERP Ltd - February 17, 2023 0

Introduction Income tax is a necessary payment that people make every year to the government based on their income. It is mandatory for individuals and...

Understanding Income Tax Notices: What You Need to Know

Marg ERP Ltd - February 17, 2023 0

Introduction: Receiving an income tax notice can be a stressful and confusing experience for many taxpayers. However, it's important to remain calm and take the...

The Importance of Filing Income Tax Returns (ITR)

Marg ERP Ltd - February 16, 2023 0

Filing Income Tax Returns (ITR) is an important aspect of financial planning that often gets overlooked. It is a legal obligation for every individual...

Understanding Presumptive Income under Section 44AD of the Income Tax Act

Marg ERP Ltd - February 16, 2023 0

The Income Tax Act of India provides various schemes and provisions for small businesses and individuals to simplify their tax compliance. One such scheme...

Understand the Provisions of Section 194Q of Income-Tax Act

Marg ERP Ltd - February 15, 2023 0

Section 194Q of the Income-tax Act, 1961, deals with the tax deduction at source (TDS) on payments made to contractors or sub-contractors. TDS is...

Income Tax Slab for Senior Citizens in India

Marg ERP Ltd - February 15, 2023 0

In India, senior citizens who are 60 years and above, are eligible for certain tax benefits. The government recognizes the importance of providing financial...

Golden Rules of Accounting: A Beginner’s Guide to Financial Management

Marg ERP Ltd - February 15, 2023 0

Accounting is an essential aspect of any business, big or small. It helps in recording, classifying, and summarizing financial transactions to provide meaningful information...