In the annals of Indian history, the imposition of the 'Breast Tax' (or 'Mulakkaram') stands as a grim reminder of the perverse forms of social discrimination and oppression that were once prevalent....
The world of finance is filled with complex terminologies and strategies designed to maximize profits while minimizing tax liabilities. One such term that often emerges in discussions among investors...
Navigating through the myriad forms and documentation associated with income tax can be daunting. One such essential form that taxpayers should be aware of is Form G. This blog post will delve into...
When we talk about taxation, one term that often pops up is 'Professional Tax.' Though not as widely discussed as income tax or GST, professional tax is an essential component of many tax systems...
When purchasing a vehicle in many countries, including India, buyers often hear about a term called "TCS" or Tax Collected at Source. This blog aims to help you understand what TCS tax is, how it...
A sublease, or sublet, is when you rent out your rented space to someone else for part of your lease term. Imagine you're renting an apartment but need to leave temporarily; you can sublease it to a...
Navigating the world of taxes can be tricky, especially if you're looking to transfer assets and have some dues pending. A specific section of the Income Tax Act, known as Section 281, plays a...
Freelancing in India is on the rise, offering flexibility and autonomy. Yet, understanding Goods and Services Tax (GST) is crucial for smooth business operations. This guide will dive into essentials...
Managing finances and staying compliant with taxes can be tough. In India, the Income Tax Act has forms like Form 61, 61A, and 61B for reporting financial transactions. Let's break them
Investing in commercial property is a big financial decision. It's crucial to understand the tax implications to optimize your returns. Let's break down the key points on rental income from...
Limited Liability Partnerships (LLPs) are a popular business structure in India, blending the benefits of both a partnership firm and a private limited company. One critical aspect of maintaining an...
Learn about advance tax regulations for senior citizens in India, including exemptions, payment schedules, and penalties. Get detailed examples and factual information to ensure compliance and...
When setting up a business in the IT and software export sector in India, it's crucial to understand the difference between Software Technology Parks of India (STPI) and Non-STPI registrations. Both...
Discover everything you need to know about Section 73 of the Income Tax Act. Learn about speculative transactions, loss treatment, exemptions, and tax planning strategies in this detailed
The insertion of Rule 17AA via the Finance Act 2022, effective from the assessment year 2022-23, outlined crucial requirements for maintaining books of accounts and other documents for trusts and...
The Income Tax Department has an online system called e-Nivaran, which helps taxpayers address their issues. Whether you're having trouble with tax filing, refund delays, or any other related issue,...
IGST stands for Integrated Goods and Services Tax. IGST is one of the three components of the Goods and Services Tax (GST). This tax is levied when there is an interstate transfer of goods and...
The Central Goods and Services Tax replaced central indirect taxes. These include central excise duty, surcharges, cess, and other similar taxes. The central government previously levied
SGST, or State Goods and Services Tax, is an integral part of the Goods and Services Tax (GST) system in India. It is the part of GST that individual states levy on transactions within a single...
India's tax system has changed a lot in recent years. This is due to the introduction of the Goods and Services Tax (GST). This tax reform aimed to create a single, nationwide tax. It would replace...