A royalty refers to a payment made by one party (the licensee or user) to another (the licensor or owner) for the use of certain rights, typically related to intellectual property. These rights could include patents, copyrights, trademarks, franchises, or the rights...
Income tax act has recently introduced Section 148A in the Budget 2021. This section empowers the Assessing Officer to issue a notice if they decide to initiate reassessment. The need to introduce this section arises because it is possible that a taxpayer may have...
Income Tax Return is a form, or a declaration given by the taxpayer assessee regarding the overall annual income and taxes paid by them during the relevant financial year. ITR forms utilities are released by the income tax department before the due date filing periods...
Any person who makes an earning in India, is liable to pay tax on such income. Pension is a regular periodic payment made to an individual typically following retirement from service or his dependent family members post his demise, as a way to provide financial...
Every individual dream of having a highly paid job or a successful business profit situation. To expand this journey, many people leave their country to earn a higher income. However, resident individuals in India may have certain incomes from assets situated in...
Voluntary retirement scheme is a mechanism used by employees seeking retirement earlier than their actual retirement due date. Under VRS employees are not forced to leave their job but they choose voluntarily to terminate their employment. Employers or companies offer...
Sinewave Computer Services Pvt. Ltd. (ISO 9001-2015 Certified) is 36 years old income tax and HR solutions software development company situated in Pune, Maharashtra, India. We are catering to 20,000+ customer base across India.
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