Input Tax Credit (ITC) Under GST INPUT TAX CREDIT An input tax credit (ITC) is a tax reduction mechanism used in value-added tax (VAT) systems. It allows businesses to reduce the amount of VAT they ha...

Benefits of GST In India The Goods and Services Tax (GST) is a comprehensive indirect tax implemented in many countries around the world, including India, to streamline the taxation system and promote...

COMPULSORY GST REGISTRATION Why GST Registration is Important 1. Legal Requirement: - Mandatory for businesses exceeding turnover thresholds. - Necessary for certain types of businesses (inter-state s...

GOODS AND SERVICE TAX REGISTRATION Goods and Services Tax (GST) registration is mandatory for businesses in many countries, including India, which is a significant example. Here is a detailed guide on...

As a First time Investor what should you consider Setting an Investment Goal Establishing clear financial objectives, understanding your budget constraints, and determining your investment timeframe a...

Why should one invest in Mutual Funds Investing in Mutual Funds is a seamless and straightforward process, allowing investors to monitor the market and make investments according to their preferences....

How to Invest in mutual funds – Mutual Funds Investment Guide for Beginners Investing in mutual funds may initially seem complex, especially for newcomers to the world of finance. However, grasping th...

How To Save Tax For Salary Above 10 Lakhs? How To Save Tax For Salary Above 10 Lakhs? In India, the Income Tax Department levies taxes on an individual’s income according to the applicable tax slab. T...

Main Objects of a Business Consultancy/Chartered Accountant/ Company Secretary Services To engage in the profession of consultants, advisers, representatives, advocates, attorneys, liaison officers, a...

What is Capital Gains Tax In India: Types, Tax Rates, Calculation, Exemptions & Tax Saving What is Capital Gains Tax in India? Any profit or gain that arises from the sale of a ‘capital asset’ is know...

TAX AUDIT UNDER SECTION 44AB What is a tax audit under section 44AB? Section 44AB of the Income-tax Act, 1961, states the regulations for the tax audit of a firm or entity. The tax audit ensures that ...

Advance Tax Payment: Due Dates, Calculator, Applicability, Procedure, Installment Details Who is bound to pay advance tax in India? Salaried individuals, freelancers, and businesses– If your total tax...