The Ministry of Finance in the UAE has approved an administrativepenalty of AED 10,000 for delays in tax registration beyond theFederal Tax Authority’s specified timelines. This penalty applies toall taxable persons, including resident and non-resident juridicalpersons and natural persons.To support businesses, the Federal Tax Authority has launched aninitiative to waive [...]
In a time when audit compliances are undertaken as an obligatory compliance, we at “JainTaxPro” take the liberty of using our auditing and assurance services to evaluate existing financial procedures of a business and gain extensive insight to help our clients. This allows us to holistically understand a business’s functionality [...]
Planning to take a home loan, personal loan, or car loan?Most banks and NBFCs ask for your last 2–3 years of ITRs as proof of income.A timely filed ITR increases your creditworthiness and boosts your chances of easy loan approvals. [...]
Under Section 234F of the Income Tax Act, if you miss the ITR filing deadline, you may have to pay a penalty of up to ₹5,000.For those with an income below ₹5 lakh, the penalty is ₹1,000, but why waste money when it’s easily avoidable? Timely filing saves you from [...]
A Chartered Accountant offers a wide range of services, including: [...]
In today’s competitive environment, simply running a business is not enough — it needs to be smart, compliant, and financially healthy.This is where the role of a Chartered Accountant (CA) becomes crucial. Whether you are an individual, startup, MSME, or a large corporation, having a trusted CA by your side [...]