AMT Basics: A Guide for Taxpayers

Alternate Minimum Tax (AMT) To encourage investment, the Indian government offers tax benefits to reduce individual tax burdens. However, consistent tax revenue is essential for funding development and public services. To ensure minimum tax collection...

Tax Benefits and Exemptions for Startups and MSMEs

In India, both startup and MSMEs are eligible for certain tax benefits and exemptions to promote entrepreneurship and economic groups. Startups  (incorporated as a private limited company or registered as a partnership firm or a...

DTAA – Double Tax Avoidance Agreement: Insights

In today's interconnected global economy, entrepreneurs are increasingly expanding their businesses across international borders. However, along with the opportunities come challenges, one of which is navigating the complex realm of taxation. Double taxation, wherein...

The Pillars of Startup Success: Key Lessons to Learn 

The Pillars of Startup Success: Key Lessons to Learn 

The Patanjali Saga: Triumph to Troubles

INTRODUCTION  Patanjali, once hailed as a giant in the ayurvedic industry, surged into prominence with its wide range of FMCG products. Patanjali's entry into the FMCG market was nothing short of revolutionary. Founded by Baba...

Inheritance Tax: A solution to ensure equality or risk to hard earned savings?

Inheritance Tax, often dubbed as the "Death Tax," is a levy imposed on the transfer of assets from a deceased individual to their heirs or beneficiaries. The Inheritance Tax serves two main purposes. First,...

How to Create a Successful Partnership Agreement for Your Startup

Starting a prosperous business is rarely a solo endeavour - most flourishing startups are built on strong partnerships. Whether you're joining forces with a co-founder, bringing on an investor, or forming a strategic alliance,...

Taxpayer’s Delight: Clearing Small Demands, Easing Burdens!

On 1st February 2024, Finance Minister Nirmala Sitharaman announced during the interim budget the waiver of small outstanding demand under the Income Tax Act, 1961, Wealth Tax Act, 1957 or Gift Tax Act, 1958. The Income Tax department...

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