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tax
Section 194R
A new section 194R- TDS on benefits or perquisites provided has been introduced in the Finance Act, 2022. Section 194R is applicable with effect from July 01, 2022.  Some important things about Section 194R Its Aim: Earlier companies/ perquisite providers would provide perquisites and/or benefits in either cash or kind to their distributors, channel partners,...
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Diligen - Blog Images - July 22 (1)
Good Tax planning will help you enjoy the results of your following Income Tax returns. While the 2022 tax season is complete, there is no time to take a relaxed position. The best way to save on taxes is to acknowledge the list of significant returns. There are multiple tax-saving investments available that demand your...
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5 Reasons That Will Convince You To Outsource Your Tax Preparation
Tax preparation becomes more straightforward with the experts in this job role. Hiring new individuals can do the job. However, only an expert will be able to prepare your taxes on time and assist you better. Thus to confirm your investment in outsourcing tax preparation, here are five reasons.  1. Saves Time The number one...
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Diligen
Be it a large business or small, tax saving is on top of the mind for everyone! Every business owner is searching for ways to minimize their tax outgo via various exemptions and deductions. In this blog, we shall discuss some of the best tips concerning tax planning for businesses. Stay with and read on! ...
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Professional Tax for Directors
The professional tax amount is a figure that prominently appears on the play slip as a deduction from salary. Along with Employees Provident Fund contribution and Income-tax (TDS). Professional tax (PT) is imposed by specific state governments in India on persons earning a salary for rendering services or on persons practicing various professions, for instance,...
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Startup
Taxation is an inevitable task for every business. The famous words of Benjamin Franklin, the founding father of the United States, that there is nothing in the world that is as certain as death and taxes, highlight this point. New businesses have the burden of different types of costs. One of the top contributors to...
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Diligen
How To Save Money On Your Income Tax This Year: 9 Tips For Professionals And Salaried Persons Tax planning, in simple terms, is nothing other than organizing the income to avail the deductions or rebates to bring down the tax liabilities legally. Though it sounds easy, it is one of the hardest to follow through....
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bookkeeping
Bookkeeping is an understated yet crucial part of accounting and financial management. The role of bookkeeping is to record the financial transactions of a business. It is the stepping stone to making informed decisions regarding the sustainability and scalability of a business. That is why the former CEO and founder of Visa, Dee Ward Hock,...
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Tax Law Changes
Come April 1st, 2022 and with it, a new financial year, 2022-2023, brings several changes in tax laws. The Union Budget 2022-2023 has brought about several amendments to the Income Tax Act that would be effective from April 1st, 2022. The government has announced several proposals that are bound to bring about a substantial change...
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Accounting Automation
Businesses have always used machines to make their work easy. Though the use of automated machines initially began with manufacturing activities, their use in accounting has been booming. Automation enables companies to process a large volume of data and reduce manual processing at cheaper costs. Automated accounting is beneficial to the firm in the following...
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