Are you a salaried individual who gets confused during the ITR filing season, especially about what exactly counts as “Income from Salary” in Income Tax? You’re not alone! In this article, we simplify ...

Starting a bakery business can be an exciting and rewarding endeavour, especially in India, where the demand for fresh, quality baked goods is on the rise. However, success in the bakery industry ...

The new Income Tax Bill 2025 has simplified how salary income is defined and taxed. But before diving into that, let’s clarify two important concepts: Different Heads of Income Under the New Bill All ...

The Union Budget 2025 introduces significant amendments in both income tax and GST laws, aimed at simplifying compliance, reducing tax burdens, and fostering economic growth. The income tax reforms ...

After you file your income tax return online, the Income Tax Department carefully reviews your submission. If the assessing officer (AO) finds that further details or clarifications are needed on ...

The threshold to collect tax at source (TCS) on remittances under RBI’s Liberalized Remittance Scheme (LRS) is proposed to be increased from Rs 7 lakh to Rs 10 lakh. It is also proposed to remove TCS ...

Goods and Services Tax (GST) is a comprehensive, indirect tax levied on the supply of goods and services across India. GST operates under multiple tax slabs based on the nature of goods and services.

What is digitally signing a document? Digitally signing a document places the encrypted with the document. Do not confuse the DSC with the Electronic signature. A digital signature certificate is ...

Updating or changing details on the GST portal is essential for businesses to maintain accurate and up-to-date records with tax authorities. The GST portal allows registered taxpayers to modify ...

Before delving into the details of the GST on used cars, let's clarify a few key concepts: Applicability of GST on the Sale of Old Cars The applicability of GST (Goods and Services Tax) on the sale of ...

There are many compelling reasons to transform the question "How to start a small business?" into reality. Small business startups play a vital role in the Indian economy by fostering self-reliance, ...

The employer suspends an employee against pending investigation or enquiry into complaints or charges of misconduct against the employee in such case the employer should pay suspension allowance to ...