November 27, 2020
Income Tax, Taxation
Tax Rates and Income tax exemptions for salaried employees in India In India, generally, the income tax is imposed on individual taxpayers or salaried employees depending on the slab system in which different tax rates have been officially set down different slabs and such tax rates keep increasing on …
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November 27, 2020
Income Tax, Taxation
What is Advance Tax & How to pay Online? As the name hints, Advance Tax is a tax which is paid in advance by the taxpayer as a part of his/her yearly taxes, instead of lump sum payment . If the person’s tax liability exceeds Rs 10,000 in a …
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November 27, 2020
Income Tax, Start Ups, Taxation
What is Agricultural Income – Tax treatment / Taxability According to Section 10 (1) of the Income Tax Act, Agricultural income is not taxable as it is not considered as an individual’s total income in India. However, as per the state government, agricultural income will come under taxable, if …
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February 25, 2020
Business Tips, Income Tax, Start Ups, Taxation
Tax audit is an activity in which a tax agency or an auditor goes through or reviews the complete data of accounts of a business to see the tax compliance. It is mandatory for all companies to ensure that they have conducted regular audits legally under Section 44AB of the …
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February 22, 2020
GST, Income Tax, Taxation
GST or Goods and Service Tax is the largest indirect tax reformation made in India. This single tax is implemented to the supply of goods and services and has replaced many taxes such as Service Tax Law, Central Excise Law, VAT, Octroi, Entry Tax, and so on. The main aim for …
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February 18, 2020
Income Tax, Start Ups, Taxation
The government provides taxpayers 4 months of window to combine all their income details to file their ITR every Assessment Year that is from 1 April to 31 July for the previous financial year. Actually, it takes just a few minutes to file the income tax returns and it is …
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December 29, 2019
Start Ups, Taxation
Getting into a new business, or carrying- out a newly structured existing one, is a much exciting venture yet there are lots of pivotal things to consider before it. The one aspect which is often overlooked during this process is the apt frame of a shareholder agreement. This agreement is …
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November 14, 2019
Taxation
TDS or Tax Deducted at Source is a source of collecting tax by the Government of India and it is done at the time of every transaction. This type of tax is usually deducted at the time when expense is incurred. What is TDS Return? Besides depositing the tax, the …
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November 4, 2019
Business Tips, General, Taxation
What is ISO 9001 Certification? ISO 9001 is an international recognized standard certification that defines the quality management system (QMS) and the quality of the services of the company. Why does our company need to be ISO 9001 certified? Companies use this standard certificate to demonstrate the ability to systematically …
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November 4, 2019
Business Tips, Income Tax, Taxation
Companies including Private limited company, Limited Liability Company, One Person Company, and Section 8 companies registered in India are required to file an annual return every year with MCA. The main aim of filing annual returns for company is to confirm that the company is still active in the market …
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