TYPES OF TAX PLANNING

The tax planning exercise ranges from devising a model for the specific transactions as well as for systematic corporate planning. These are: (a) Short-range and Long-range Tax Planning Short-range planning refers to year to year planning to achieve some specific or limited objective. For example, an individual assessee whose income is likely to register...

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HUF & Benefits

Introduction The Hindu Undivided Family (HUF) is a distinct form of Business organization peculiar to India. Hindu Undivided Family (HUF) is created by the operation of law. Hindu Undivided Family (HUF) does not have any separate legal entity from that of its members. The laws that govern HUFs are not codified and are read...

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AGRICULTURE INCOME

“Agriculture Income” means- Any rent or revenue received from the land which is situated in India and is used for agricultural purposes; Any income derived from such land by agricultural operations including processing of the agricultural products raised or received as rent in kind so as to render it fit for the market, or...

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Society Registration

What is Society? A society is an alliance of persons joined together by mutual consent to deliberate, determine, and act jointly for some common purpose. Societies are usually formed and registered for the promotion of various charitable activities like culture, art, sport, music, religion, education, etc.  Purposes of society: The society has various purposes...

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