It is not difficult to navigate through claiming a refund of the GST; still, business houses, financial professionals, entrepreneurs, and also individual taxpayers must understand the easiest mode of claiming these refunds. In this article, we have segregated the process of re...

Positive Impact of Technology on Business Increased Efficiency: Technology has greatly improved business efficiency by automating repetitive tasks, streamlining processes, and reducing manual errors. This allows employees to focus on more strategic and value-added activities,...

Definition Of Portfolio Diversification Investing in the financial markets involves risk. Asset prices can be influenced by a myriad of factors, such as economic conditions, industry-specific news, geopolitical events, and investor sentiment. While it is impossible to predict...

Understanding GST Compliance Applicability of GST on E-Commerce Sellers E-commerce sellers, irrespective of their size, are required to comply with GST regulations if their annual turnover exceeds the threshold limit set by the government. This includes sellers on online marke...

Understanding Foreign Income And Taxation: Foreign income refers to the earnings generated by individuals or businesses from sources outside their home country. It can include various types of income, such as: Employment income earned abroad Business profits from foreign opera...

Understanding GST And Income Tax GST is an indirect tax levied on the supply of goods and services in India. It is a destination-based tax that is charged at each stage of the supply chain, from the manufacturer to the consumer. On the other hand, income tax is a direct tax im...

Understanding Income Tax Audits An income tax audit is a process conducted by Chartered Accountants to verify the accuracy and completeness of your tax returns. The purpose of an audit is to ensure that taxpayers are complying with tax laws and reporting their income and deduc...

Types Of Tax Saving Schemes In India 1. Public Provident Fund (PPF) The Public Provident Fund (PPF) is one of the most popular tax-saving investment options in India. It is a long-term savings scheme and offers attractive interest rates. Individuals can open a PPF account with...

Stock Market: An Overview The stock market is a platform where investors buy and sell shares of publicly traded companies. It serves as a marketplace where buyers and sellers interact to determine the prices of stocks. Essentially, it is a mechanism for companies to raise capi...

What Is ITC? The input tax credit (ITC) is the mechanism that allows businesses to claim a credit for the taxes paid on their purchases of goods or services. It is available at each stage of the supply chain, from the procurement of raw materials to the delivery of the final p...

Financial planning is a crucial aspect of managing one’s personal finances. It involves creating a roadmap to achieve financial goals and making informed decisions about money matters. For salaried employees, financial planning plays an essential role in ensuring financial sta...

Introduction Taxation For Private Limited Company Private Limited Companies are one of the most popular forms of business entities in India. They offer limited liability protection to their shareholders, which means the personal assets of the shareholders are safeguarded in ca...

What Is Retirement Planning? Retirement planning refers to the process of determining retirement income from current savings and the actions required to manage well the income. It involves considering various factors such as expected retirement age, desired lifestyle, inflatio...

Introduction: Reconciliation plays a vital role in maintaining accurate financial records and ensuring compliance with various tax regulations. Under the Goods and Services Tax (GST) regime, businesses are required to reconcile their data periodically to match their internal r...

Types Of GST Credit: Eligible Non-eligible Blocked List Of Eligible Input Tax Credits (ITC) Under GST: Input tax credits on goods and services used for business purposes and acquired from registered suppliers ITC on inputs (raw materials), including inputs used in the manufact...

Gather All Necessary Documents: Collect all relevant documents such as Form 16 (provided by your employer), bank statements, investment proofs, rent receipts, and any other documents related to your income, deductions, and expenses. Verify Your Form 26AS: Form 26AS is a consol...

Introduction Starting a new business venture can be an exciting but challenging endeavor. One of the key factors for startup success is securing adequate funding. In this article, we will explore the most famous fundraising ideas for startups. Whether you’re an aspiring entrep...

What Is Startup Registration? Startup registration refers to the process of formally incorporating a business and obtaining legal recognition for its existence. It involves registering the business under a specific legal structure, such as a s, Registered partnership firm, lim...

In the world of business entities, limited liability partnerships (LLPs) and partnerships hold significant importance. Both of these structures provide unique advantages and disadvantages, which can significantly impact the success and operations of a business. In this article...

The Real Estate (Regulation and Development) Act, 2016 (RERA) was enacted to regulate the real estate sector in India and promote transparency, accountability, and efficiency in the industry. The act requires all real estate projects to be registered with the regulatory author...

Introduction and meaning: Related party transactions (RPTs) are an integral part of any business, as companies often engage in transactions with parties that have some sort of relationship with the company. The Companies Act 2013 in India defines related parties as directors,...

Introduction: Sections 185 and 186 of the companies act 2013 lays down the provisions on how the company can utilize its funds to provide loans. The purpose of introducing these provisions is to safeguard the interest of stakeholders. Since there is huge money of from the publ...

Introduction: The term GTA stands for Goods Transport Agency. This term has its importance under GST because of the unique taxability of these services. The legal position of a person who is providing service of transportation of goods (Except GTA) is exempt from tax i.e GST d...

Introduction: As we all know, GST registration for any person becomes mandatory when the supplies exceed the basic exemption limit i.e. 40 lakhs in case of goods and 20 lakhs in case of services. Additionally, there are a few circumstances in which GST registration becomes man...

Introduction: GST registration is an indirect form of tax where the supplier collects the tax from the purchaser and deposits it with the government. But there are few instances where suppliers are eligible to get a refund from the government. The taxpayers shall be aware of t...

Introduction: Nowadays the GST department has come up with all new weapons to mitigate non-compliances under GST. The suspension of registration under GST helps the GST officer to identify the fraud-causing circumstances and prevent it before it actually takes place. There are...

The Income Tax Act, 1961 states that — Any money made by demonstrating your mental or physical ability (Simply Skill) is money generated from a business. Earnings from freelance employment are classified as “earnings and profits from business or profession.” That’s because suc...

Introduction A lot of buzz gets explode during a particular month of a year forcing you to file your income tax return and so on. Infect now a days even government also telecasts advertisement that every citizen should file income tax return. So in this blog we will focus on w...

Introduction The Brand is the heart and soul for any business. And Brand awareness is the most crucial task for any business. Brand awareness and brand popularity brings along the responsibility to protect the brand you have established and here comes the role of intellectual...

Company Registration in Gujarat There are many formats under which one can run their business. Running a business under the company format requires quite a little expertise. You must know the steps of incorporating a company and the compliances to be carried out after register...