How to Withdraw / Opt Out from GST Composition Scheme
The GST Composition Scheme – An Overview Introduced under the Goods and Services Tax (GST) law, the GST Composition Scheme works as a simplified tax regime for small businesses. It’s…
TDS Deductors Beware: Checking PAN Linked with Aadhar Compulsory before Deducting TDS
Tax Deducted at Source (TDS), a critical component of India’s taxation system, acts as a method for collecting tax at the source of income. Here’s what you need to know:…
Demystifying TAN: Your Essential Guide to Tax Deduction and Collection Account Number
In the realm of tax-related procedures in India, one term you’ll come across frequently is the Tax Deduction and Collection Account Number, commonly referred to as TAN. But what exactly…
New GST Updates to Streamline Sale of Good by Unregistered Sellers via Ecommerce Operators (Portals)
India’s taxation landscape is unceasingly metamorphosing, signifying the country’s commitment to bolstering economic advancements, smoothing out complex procedures, and ensuring that businesses and individuals comply with the set Goods and…
All About LUT in GST for Exporters: What is it, How it Works, When to Apply, Benefits etc.
As an integral part of the global economy, exporters greatly contribute to India’s economic growth. But to leverage this dynamic space, it’s essential to understand its intricacies, especially related to…
AIS, TIS & 26AS: Must Check These Reports Before Filing Your ITR
Understanding AIS, TIS, and Form 26AS and their Relevance in Income Tax Return Filing Income tax filing is quite an overwhelming process for many. Understanding different income tax documents and…
GST on Gangajal : Latest Clarification
The world of indirect taxes has always been complex, but the advent of the Goods and Services Tax (GST) in India streamlined multiple indirect taxes into a unified system. However,…
Revised Procedure for Application and Process of Lower Deduction of TDS Certificate u/s 197 of Income Tax Act
Tax Deducted at Source (TDS), a requirement under the Income-tax Act, 1961, is an integral part of India’s taxation framework. TDS is a method wherein the government can make tax…
All About Director Identification Number (DIN)
In a constantly evolving corporate landscape, having a unique identification is paramount in ensuring clear accountability and credibility of key figures heading the corporate entities. This identification is essential as…
All About FC-TRS form of RBI for Transfer of Shares between Resident & Non Resident
In today’s globalised world, many businesses operate beyond the borders of their home country. When companies venture abroad, they need to adhere to the financial regulations of the host country…
Tax Collected at Source (TCS) for Education Expenses Abroad under Liberalised Remittance Scheme from October, 2023
In today’s world where globalization has extended its reach into nearly every sector, acquiring education abroad is a growing trend. Many passionate Indian students aspire to advance their learning in…
Demystifying Taxability of ESOP in India
In today’s competitive business landscape, startups are continually striving to establish unique incentives to attract top talent. A highly popular offering that has garnered significant attention recently is the Employee…