Things You Must Know about Form 10-IB in Income Tax
It is a statement form under Section 115BA(4) of the Income-tax Act, 1961. Businesses and start-ups can use Form 10-IB to choose a smaller tax rate of 25% on their…
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It is a statement form under Section 115BA(4) of the Income-tax Act, 1961. Businesses and start-ups can use Form 10-IB to choose a smaller tax rate of 25% on their…
Goods and Services Tax is an indirect tax system implemented in India whose purpose is to ease the taxation procedure by substituting multiple taxes with a single centralised tax. GST…
With the Goods and Services Tax (GST), India now has a single method for all of its taxes instead of several. This helps companies follow the rules better. It changes…
In the context of business, a charge is the creation of an entitlement to place security over an organisation's assets to satisfy outstanding debt or other financial obligations. "In this…
Corporate Tax vs Income Tax Two terms often find themselves at the centre of discussions in the realm of taxation: corporate tax and income tax. Both are essential components of…
Corporate Tax in India Corporate tax plays a pivotal role in the financial landscape of any country, serving as a significant revenue source for the government. In India, the corporate…
Revise Your Income Tax Return in India Filing an ITR is a crucial financial responsibility for every taxpayer in India. However, situations may arise where you realize that your original…
Section 80TTB Old age often brings physical and mental health complications that strain the finances of senior citizens, creating financial strain. Recognizing this challenge, governments continue introducing rules designed to…
Filing Tax Deducted at Source (TDS) besides Tax Collected at Source (TCS) statements is critical for taxpayers and the government; unfortunately, due to unexpected events or technical glitches, deadline revisions…
Picture this: the annual tax filing season is upon you, and you find yourself navigating through a sea of documents. Amidst the confusion, a common question arises – "How do…