Section 194T: Scope and Application of Section 194T

Presently there is no provision for deduction of tax at source (TDS) on payment of salary, remuneration, interest, bonus, or commission to partners by...

The Reverse Charge Mechanism (RCM) Under GST

The GST has simplified India's indirect taxes. It introduced the Reverse Charge Mechanism (RCM) to boost tax compliance and widen the tax base. RCM...

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Private Limited Company and its Registration Process

What is a Private Limited Company? Private company means a company having a minimum paid-up share capital as may be prescribed, and which by its...

Input Tax Credit in GST: Eligibility and Conditions

The Goods and Services Tax (GST) has revolutionized the way businesses operate in India. One of its most significant benefits is the Input Tax...

The Startup India Scheme and Section 80-IAC Tax Exemption

The entrepreneurial spirit in India is flourishing like never before. With innovation and ambition at its core, the government has launched initiatives to empower...

SECTION 47: CERTAIN TRANSACTION NOT REGARDED AS TRANSFER (EXEMPT TRANSFER)

What is section 47 of Income Tax Act? Section 47 of the Income Tax Act, 1961 (India) specifies transactions that are not regarded as transfers...

Startup Tools for Success in India

Starting a startup is a thrilling journey, especially in India. Its vibrant ecosystem is full of entrepreneurial opportunities. However, to move from idea to...

GST Notices: Types of GST Notices & How to Reply to Them?

In the ever-evolving landscape of taxation, receiving a Goods and Services Tax (GST) notice can be both perplexing and daunting. However, taxpayers can navigate...

Income tax notices and how to reply to them

What is an Income Tax Notice? Income tax notices are official communications from the Income Tax Department to a taxpayer, highlighting issues or actions related...

The Ultimate Guide to Startup Funding: Stages, Investors, and Strategies

Navigating the complex world of startup financing can be one of the most challenging aspects for entrepreneurs. Understanding the various stages of startup funding...

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