Blogs

Understanding Section 43B: How to Claim Tax Deductions for MSME Payments

Category : Income Tax
" Tax Time Got You Confused? Understanding MSME Payments & Deductions Made Easy. Ever wonder how timing your payments can impact your taxes?  This is especially important when dealing with Micro, Small, and Medium Enterprises (MSMEs). Traditionally, the Income Tax Act allowed businesses to clai... "

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28 Mar, 2024

PKP Consult Explains: Section 35AC Tax Benefits for Businesses

Category : Income Tax
" Did you know your business can contribute to social good while saving on taxes?  Section 35AC of the Income Tax Act, of 1961, offers a unique opportunity for corporate as well as other non-corporate donors businesses to claim tax deductions for donations made to approved organizations. This blog... "

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26 Mar, 2024

Don't Overpay! Vital Income Tax Planning Tips for Salaried Employees in India

Category : Income Tax
" Time to Save! Smart Tax Planning Tips for Salaried Employees in 2024. March 31st, 2024, is fast approaching – the deadline for filing your income tax return in India! But before that, there's a golden opportunity to maximize your take-home pay through smart tax planning. Wondering how? L... "

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26 Mar, 2024

The Essential Guide to NRI Tax Matters in 2024

Category : Income Tax
" Managing the intricacies of Indian tax regulations can be a significant challenge for Non-Resident Indians (NRIs). Juggling financial responsibilities across borders and adhering to changing tax laws requires a clear understanding of your NRI tax status and obligations. PKPConsult, your trusted p... "

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12 Mar, 2024

Income Tax Compliance in India: Navigating the Tax Landscape

Category : Income Tax
" Income Tax Compliance in India, or the act of paying taxes as required by the Income Tax Act of 1961, is a crucial component of the Indian taxation system. Maintaining financial openness, increasing national revenue, and avoiding legal repercussions all depend on compliance with income tax legislati... "

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01 Aug, 2023