How to Read DTAA – A Complete Guide

ByChartered Team Income Tax June 24, 2023June 24, 20239 min read

Are you perplexed by the complexities of Double Taxation Avoidance Agreements (DTAAs)? Do you find it challenging to navigate through the intricate provisions and legal jargon? Fear not! In this […]

How to Start Sole Proprietorship Business in India

ByChartered Team Business January 24, 2023January 27, 20236 min read

First of all, congratulate for thinking of starting a new business because starting a new business in India is tedious job as well as in legal paperwork is another challenging […]

Income Tax Deductions on Salary Income [Full Guide]

ByChartered Team Income Tax January 3, 2023January 13, 20247 min read

Income tax is a crucial component of a country’s revenue system, and India is no exception. The Indian tax system is designed to collect taxes from individuals based on their […]

Depreciation Chart as per Income Tax Act, 1961

ByChartered Team Income Tax December 25, 2022January 9, 20242 min read

Depreciation under section 32 allowed as percentage of Written Down Value (WDV) (excluding Power Generating Units where depreciation allowed as per straight line method). Below Depreciation Chart applicable from Assessment […]

Fair Market Value(FMV) of Equity Shares as on 31st January, 2018

ByChartered Team Income Tax December 24, 2022August 16, 20242 min read

The highest price of equity share quoted on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on 31-Jan-2018 is given in this table. If there is no […]

TDS Rate Chart for Financial Year 2024-25 (Assessment Year 2025-26)

ByChartered Team Income Tax December 13, 2022June 5, 20241 min read

Below you’ll find the TDS rate Chart for FY 2024-25, which summarises all the TDS provisions of the Income Tax Act, 1961. For Better use of TDS Rate Chart Use […]

GSTR 4 (Annual Return) for FY 2023-24

ByChartered Team Goods and Service Tax (GST) December 11, 2022June 5, 20244 min read

Old Facts Before GSTR 4 (Annual Return) there is GSTR 9A (Annual Return) required to file yearly. After GSTR 4 (Annual Filling) Became effective, Form GSTR-9A has been disabled from […]

Cost Inflation Index (CII)- for LTCG Calculation

ByChartered Team Income Tax December 4, 2022May 25, 20242 min read

Cost inflation index mainly used for calculation of long term capital gain (LTCG). Current Cost Inflation Index Table Indexed Cost of Acquisition Formula Indexed Cost of Acquisition = CII for […]

Use of Technology in Income Tax Return Filing

ByChartered Team Income Tax December 1, 2022January 13, 20249 min read

Tax season can be a stressful time for individuals and businesses alike, with the burden of accurately preparing and income tax return filing weighing heavily on their shoulders. However, thanks […]