Income Tax And Estate Planning Services

February 24, 2021

IMPORTANT CHANGES IN THE INCOME TAX ACT FOR CHARITABLE TRUSTS

IMPORTANT CHANGES IN THE INCOME TAX ACT FOR CHARITABLE TRUSTS Following CHANGES have been PROPOSED IN THE FINANCE BILL 2021 (UNION BUDGET) FOR CHARITABLE TRUSTS EFFECTIVE FROM 1st APRIL, 2021. ➡️ Charitable Trusts accept donations as “Corpus Donations” which are not considered as an income and hence there is no obligation to spend (application of […]

Income Tax And Estate Planning Services
October 10, 2020

Practical examples with questions & answer for understanding the calculation of Tax Collected at Source (TCS)

On which amount TCS shall be collected? TCS is to be levied only on the amount above Rs. 50 lakhs i.e. if Rs. 60 lakhs is received from a single person during the financial year for sale of goods then TCS to be collected on amount of Rs. 10 Lakhs @ 0.075% (i.e. after deducting […]

Income Tax And Estate Planning Services
October 10, 2020

A Simplified understanding of the provision of Tax Collected at Source (TCS) applicable from Dtd. 01/10/2020

The provisions of TCS are applicable in three types of transactions under the Income Tax Act. The provisions of TCS will apply to any amount paid, that means the percentage of TCS has to be added to the payment amount. Those who have paid the amount of TCS, can claim credit of TCS against payment […]

Income Tax And Estate Planning Services
June 25, 2020

Summary of CBDT Notification date June 24, 2020 extending various due dates under Income tax Act.

Summary of CBDT Notification date June 24, 2020 extending various due dates under Income tax Act. Type of compliance Original Due Date Revised Due Date as per Notification Original Income tax return for AY 2019-20 Non-Corporate Taxpayers July 31, 2019 Corporate Taxpayer – October 31, 2019 Tax payers subject to transfer pricing November 31, 2019 […]

Income Tax And Estate Planning Services
April 21, 2020

Guardianship under Hindu Law

 View & Download Our Presentation PDF Do you have minor children in the family ? Understand the law relating to GUARDIANSHIP OF MINOR. There are specific provisions relating to Guardianship under law. Please find herewith a short presentation which gives a complete idea about the provisions who, how and when a person can act as […]

Income Tax And Estate Planning Services
April 13, 2020

FAMILY VAULT for Estate Planning

View our PDF FAMILY VAULT Comprehensive Financial Inventory to help individuals and families take charge for their financial information in the event of disability or death. What is the importance & role of a ‘FAMILY VAULT’? We know the importance of preparation of a WILL for legal transfer of assets to our successors. A ‘Family […]

Income Tax And Estate Planning Services
March 30, 2020

Changes in the Income Tax Act Passed By the Lok Sabha after the Budget

SOME IMPORTANT CHANGES IN THE INCOME TAX ACT PASSED BY THE LOK SABHA AFTER THE BUDGET PRESENTATION. THESE CHANGES SHOULD NOT GO UNNOTICED. બજેટ ના પ્રેઝન્ટેશન બાદ લોકસભા દ્વારા પસાર કરાયેલા આવકવેરા કાયદામાં કેટલાક મહત્વપૂર્ણ ફેરફારો. આ ફેરફારો ને ધ્યાનમાં લેવા જરૂરી છે. We have already shared with you the amendments impacting the taxation for […]

Income Tax And Estate Planning Services
April 11, 2019

Kothari & Co.

Kothari & Co., now a division of Ashutosh Financial Services Pvt. Ltd., has been working as Tax and Allied Laws Consultants, since more than 55 years. The division provides advisory services on Income Tax, Companies Act, FEMA, Trust Laws and Estate Planning / Inheritance Laws. The division has a team of highly qualified and experienced […]

Income Tax And Estate Planning Services
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