"AJSH & Co LLP"    is now    "Mercurius & Associates LLP" "AJSH & Co LLP"    is now    "Mercurius & Associates LLP" "AJSH & Co LLP"    is now    "Mercurius & Associates LLP"

Category: Taxation

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The more you give employment – The more you gain – Section 80JJAA

The more you give employment – The more you gain – Section 80JJAA

Backdrop To foster employment in India, the Hon’ble Government of India has introduced section 80JJAA of the Income-tax Act, 1961 (‘the Act’). The provision has been mainly introduced to encourage employment through deductions for hirers. Hence, the section shall incentivize both job seekers and job creators. From the income-tax front, the section has been subjected

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Who can apply for Lower deduction certificate 11

Who can apply for Lower deduction certificate?

In order to overcome tax evasion measures adopted by taxpayers, Indian Income Tax laws provide for deduction of tax on income of any person or on sum payable to any person at the time of credit or at the time of payment at the rates in force under provisions of Income Tax Act, the concept

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Section 194R

Section 194R: Tax Deductible on Perquisite or Benefit in Business

Introduction TDS under section 194R was introduced in the Union Budget 2022, and it was made effective from 1st July 2022. Section 194R was introduced to avoid tax evasion in case of income received in the form of any perks or other non-monetary benefits from the business or profession. Before this section was introduced people

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Faceless scheme

Faceless schemes and e-proceedings

Introduction: The government has taken steps in transforming its judicial system by going completely faceless and using e-proceedings. Faceless e-proceedings started off as a pilot-based email assessment but has now gone completely faceless. Even the first appellate proceedings as well penalty proceedings have gone faceless with notices and orders being received on a daily basis.

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