All about the Advance Tax payment –Due Dates, Applicability, Procedure, Installment Details: We are providing a comprehensive overview of advance tax, covering its definition, who needs to pay, exemptions, due dates, treatment of capital gains and casual income, consequences of default, choosing the correct assessment year, mode of payment, calculation method, and the interest on …
Goods and Services Tax Rate & Harmonized System of Nomenclature Code for Plastic and Plastic Products For the Goods and Services Tax (GST) rates on plastic and plastic products, it depends on the country you’re referring to, as each country has its own tax system and rates. For example, in India, plastics and plastic products …
Crypto Exchange or Crypto Trading Company Crypto License in India The Union Budget 2022 start make clarity on the cryptocurrency’s taxation. Earlier in the year 2022, there was no taxation cryptocurrencies on cryptocurrencies. Under the below contains, we will provide the details about how to start a cryptocurrency business in India. Crypto License in India …
Key Changes Applicable in ITR-1 & 4 form for AY 2024-2025 Who can file ITR-4- Who cannot file ITR-4 Key Changes Applicable in ITR-4 form for AY 2024-25 Who can file ITR-1 Key Changes Applicable in ITR-1 form for AY 2024-2025 Key changes to ITR -3 forms for AY 2024-25 Income Tax Return Form Offline and …
Tax Saving under Old vs New Tax Regime AY 2024-25 (FY 2023-24) Deciding between new & old tax regimes is based on a comparison of total benefits of different tax slab rates & deductions available to you under both tax regimes. To make things easier, we’ve compared old & new tax systems based on a …
Three Depreciation Methods Explained Simply 📉 DEPRECIATION 🚗 🤖 🏭 An accounting method that spreads out the cost of a tangible asset over its useful life. It represents the systematic reduction in the value of an asset due to wear and tear, obsolescence, or other factors. Depreciation is the process of allocating the cost of …
Overview on Setting up a Fintech Company in India The Fintech Company In India : Fintech businesses operating in India are subject to various laws and regulations that govern their operations. Under the Companies Act 2013, fintech businesses are required to register and comply with all applicable laws and regulations like any other business in …
How do you calculate your income tax under each slab in India? Do you know how much you pay as taxes each year from your income? If you get your auditing done from an external source or have the firm you are working for make the deductions, there’s not much you would know about it. …
Overview on Eligibility For claiming a refund of Tax Collected at Source Tax Collected at Source (TCS) is a tax that is collected by the seller from the buyer at the time of sale. The seller then deposits this tax with the Income Tax Authorities. Section 206C of the Income-tax Act, 1961 in India governs …
Taxpayer should avoid all the mistake in Income tax return filling to be avoided while Filing ITR, The process for correcting errors depends on the nature of the mistake and the stage of the filing process you’re in. Here’s what you can do: Before submitting the ITR return: If you haven’t submitted your return yet, you …