GST & Income Tax
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Clarification on Corporate Guarantee Services: Recent GST Circular Insights
Introduction On July 11, 2024, the Central Board of Indirect Taxes and Customs (CBIC) issued Circular No. 225/19/2024-GST, addressing various issues concerning the taxability and valuation of corporate guarantees under...
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Things Clients Generally Forget to Disclose in ITR in India
Filing Income Tax Returns (ITR) is a crucial annual task for every responsible taxpayer in India. Despite the detailed processes and stringent deadlines, many individuals often overlook or forget to...
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Understanding Advance Tax: A Comprehensive Guide
Paying taxes is a fundamental duty for individuals and businesses alike, ensuring the smooth functioning of a country's economy. One crucial aspect of the tax system that often goes under the...
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Simplifying Taxes for Small Professionals: Understanding Sections 44ADA
Maintaining the complexities of income tax can be difficult for small business owners and professionals. To ease this burden, the Indian Income Tax Act offers a simplified presumptive taxation scheme...
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Tips and Tricks for Filing Your Income Tax Return (ITR) in India
As the income tax filing season approaches in India, taxpayers are gearing up to meet the deadline. Filing your Income Tax Return (ITR) can be a daunting task, but with...
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Understanding the Different Types of Income Tax Returns (ITR) in India
Filing Income Tax Returns (ITR) is a crucial responsibility for every taxpayer in India. The Income Tax Department provides various forms to cater to different types of taxpayers, based on...
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Understanding TDS on Property: A Simple Guide
Buying property is a significant milestone, but it also comes with various financial responsibilities, including taxes. One critical aspect often overlooked is the TDS (Tax Deducted at Source) provision that...
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Navigating Taxation as a Social Media Influencer: What You Need to Know
In the digital age, social media has transformed from a mere platform for personal expression to a lucrative career opportunity for many. As influencers carve out a niche in this...
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Cracking the Code of Chapter VI A: Tips and Tricks for Tax Optimization
Earning money in today’s time is important, filing ITR is also important for being compliance tension free, but saving tax is more important than all these things to keep more...