The GST, or Goods and Services Tax, has replaced indirect taxes such as service tax, VAT, excise duty etc. GST registration allows individuals to claim back the GST they pay for the goods and services they purchase. But GST authorities have the authority to cancel...
Read moreIndividuals interested in starting a food business in India must apply for FSSAI licensing according to the FSSAI Regulation of 2011. Based on different types of companies, the government has set varied thresholds...
Read moreWhen starting a business, they initially go for partnership or sole proprietorship because of compliance requirements and low budget. Further, they opt for the conversion of a partnership firm...
Read moreFood business operators in India need to get FSSAI licenses as they deal with food which is the most important requirement of human beings. FSSAI basic registration or license ensures that the food offered by a particular business aligns with the food safety regulations put down by the FSSAI...
Read moreGST registration in Bangalore receives an exclusive identification number from a supplier from the concerned tax authorities. It serves as the taxpayer's identification, and every business or supplier with an annual turnover of Rs. 40 lakhs or more must go for GST registration...
Read moreWhen registering a business entity, selecting the proper structure is vital in its operations. There are several advantages of private limited companies compared to LLPs. Starting a Pvt Ltd company is a smart way to venture into the business world...
Read moreTax return forms enable the taxpayer to declare their expenses, income, investments, deductions, taxes etc. Most people perceive filing tax returns....
Read moreThe tax reform launched by the Indian Government in 2017 introduced GST in India. This new scheme is an efficient tax mechanism that simplifies taxation by following the approach ...
Read moreMajor tax reform in the country has been ushered in by implementing the new GST tax system. The new system combines federal, state, and local taxes into a single, fungible tax. This needed improvement in reduced administrative red tape and improved...
Read moreThe MSMEs (Micro, Small, and Medium Enterprises) propel the nation's economy and are a critical factor in the socioeconomic development of emerging nations like India. The MSME industry in India has the second-highest employment rate, behind the agricultural sector...
Read moreLet us understand the standards and details of Section 145 of the Income Tax Act of 1961 for business owners. You must be aware of the clauses of the 145 Section of the Income Tax Act. You would also get a clear overview of Section 145(2) of Income Tax Act in this article...
Read moreDue to their numerous benefits, LLP companies are very common, as they are said to combine the business structures of both a company and a partnership. LLP has a reputation for combining flexible partnerships with company benefits. The LLP, or Limited Liability Partnership, ...
Read moreAn Income Tax Return, ITR, is a form where the taxpayer files details about the income they earned for the year and the applicable tax, investments, and dedications to the IT (income tax) department...
Read moreThe special economic zone, or SEZ, is an area that is one of the best-conceived for businesses. It is one of those regions that has economic laws that are very liberal when it comes to taxation, trading, labour regulations, customs, and quotas...
Read moreThe Indian Government came up with the GST or Goods and Services Act in 2017 and the scope of supply under GST to handle the country's existent multi-faceted indirect tax policies. This new tax regime's main objective was to eliminate taxes' cascading influence...
Read moreThe positive list scheme of the service act under the Finance Act of 1994 incorporates a specific entry under Section 66D. This is called the Negative List...
Read moreIf you are establishing your own company, it is important to know about limited and unlimited liability. Understanding the differences will help you save your business...
Read moreGet a complete overview of the formation of a company Under Companies Act, 2013. Learn the minimum requisites to incorporate a company under this act.....
Read moreIf you are selling or purchasing a property, it is important to know about the provisions mentioned in the Section 50C of Income Tax Act...
Read moreTDS on reimbursement of expenses cannot be deducted from the bill amount for the purpose of tax deduction. The payer is not obligated to deduct TDS under 194C...
Read moreThe income tax form 15G is a declaration that can be filled out by the fixed deposit holders to ensure that there is no deduction of TDS from their interest for the fiscal year...
Read moreThe Startup India campaign was started in 2016 with the aim of boosting entrepreneurship within the nation. This post will cover startup India tax exemption in India...
Read moreLearning the impact of prior period expenses on your business's financial health is paramount. So, if you don't know where to begin, here's a guide...
Read moreAre you confused between NRE and NRO accounts? Explore the significant differences between NRE and NRO accounts in this post to understand their benefits and features for managing your finances effectively...
Read moreWant to know how to file TDS quarterly returns accurately and effectively? Get step-by-step guidance and essential tips for a hassle-free filing process...
Read moreIs the concept of input tax credit under GST confusing you? You can explore the topic in detail in this post to learn how it works...
Read moreHow is the GST levied on the export of Services under GST, and how can you claim a refund? Find the answers below...
Read moreA taxpayer who has registered under GST has to do GST return filing. Learn more on how to file GST returns online...
Read moreDiscover the Significance of Income Tax Return Filing. Understand the Importance of Filing Income Taxes for Financial Wellness and Compliance. Read on...
Read moreAre you making foreign remittances? If yes, learn about the importance of Income Tax Form 15 CA/CB here...
Read moreThe input tax credit, ITC is the credit for the GST paid on buying services or raw materials for the sale or manufacturing of products. If this is availed wrongly, then the reversal of ITC happens by paying the same amount as the wrongly availed amount...
Read moreHundreds of startups have mushroomed in India and are currently booming. The government, too, is encouraging and helping entrepreneurs in India establish startups...
Read moreAs per Section 194N of the Union Budget 2019, TDS shall be deducted at prescribed rates for more than Rs. 20 lakh cash withdrawn by the taxpayer during the fiscal year...
Read moreGST composition scheme is beneficial for small taxpayers. Read on to know the composition scheme in GST's significance, features, and rules...
Read moreAn authorised representative is a person who is approved by a person to represent them on their behalf. Section 116 of the GST Act...
Read moreAcknowledge TDS compliance regulations and stay out of trouble. For effortless compliance, get professional help from CA Manoj Kumar firm. Ensure your tax clarity now!!..
Read moreWant to know about the benefits of trademark registration? Here is an in-depth guide to help you have a detailed understanding of them...
Read moreAre you facing difficulties in filing returns? Don't you know how to fill out the form 26Q TDS? Then, our team can help you with the correct process...
Read moreLearn GST benefits for startups to ensure growth and financial efficiency by providing tax incentives, refunds, and compliance...
Read moreNot sure whether food license renewal is a good idea? Let’s help you understand the process and details about it...
Read more24 of the Income Tax Act allows homeowners to claim deductions for the interest paid towards home loans for self-occupied property. Read on to learn more about this deduction....
Read moreDeduction in the new tax regime excludes several tax benefits under Section 80C of the Income Tax Act and benefits of medical insurance premiums under Section 80D. Read on to know more...
Read moreKnow the main differences between LLP vs. Partnership and start your preferred business confidently...
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