Best tax savings investment options for this year
A Comprehensive Guide to Income Tax Deductions FY 2023-24 Introduction to Income Tax Deductions Income tax deductions can significantly reduce your taxable income and help you save money. For the Financial Year 2023-24 (Assessment Year 2024-25), the Indian government offers various deduction options under different sections of the Income Tax Act. Some Popular Section 80C […]
Maximizing Your Input Tax Credit Under GST
Introduction to Input Tax Credit Input Tax Credit (ITC) is a cornerstone of India’s GST system, allowing businesses to claim credit for taxes paid on inputs. This mechanism prevents cascading of taxes and ensures that the end consumer bears the final tax burden. Understanding GST and Input Tax CreditDefinition of ITCInput Tax Credit represents the […]
GSTR-1 Filing: A Comprehensive Guide for Businesses
Introduction to GSTR-1GSTR-1 is a crucial monthly or quarterly return that businesses must file under the GST regime. This return details all outward supplies of goods and services, making it fundamental for GST compliance. Understanding GSTR-1 BasicsWhat is GSTR-1?GSTR-1 is a tax return containing details of all outward supplies of goods and services. It’s a […]
Top 10 GST Compliance Tips for Small Businesses
Introduction As a small business owner, navigating the complex world of Goods and Services Tax (GST) can feel like trying to solve a Rubik’s cube blindfolded. But fear not! We’re here to demystify GST compliance and provide you with practical tips to keep your business on the right side of the tax laws. In this […]
Most Common Mistakes to Avoid When Filing GST Returns
Introduction Filing Goods and Services Tax (GST) returns can be a daunting task for businesses, especially if you’re new to the process. It’s crucial to get it right, as errors can lead to penalties and legal complications. In this article, we’ll explore the common mistakes to avoid when filing GST returns and provide you with […]
Stock Market Holiday on November 20: Closed for Maharashtra Assembly Elections
The NSE will close for regular trading on November 20 for the Maharashtra elections. On Friday, the National Stock Exchange (NSE) announced a trading holiday on November 20, 2024, in observance of the Maharashtra Assembly elections. Stock Market Holidays in November 2024 November 20: Maharashtra Assembly Elections So, here’s the scoop—the stock market will be […]
Swiggy IPO: A Game-Changer in the Food Delivery Industry
Introduction to Swiggy IPOHey there, foodies and investors! Have you heard the buzz? Swiggy, our favorite food delivery app, iscooking up something big – an IPO! That’s right, the company that brings delicious meals to ourdoorsteps is now looking to serve up a slice of its business to the public. But what’s the big dealabout […]
Essential Questions To Ask Your Tax Consultant
Home Blog Essential Questions To Ask Your Tax Consultant It makes typical that most people get anxious around tax season—from compiling all of your tax forms to attempting to understand the latest changes to tax rules to worrying whether you filed your taxes properly! The financial well-being of business owners, freelancers, and individual taxpayers can […]
Due Dates Of Income Tax Filing For Fy 2023-24
Home Blog Due Dates Of Income Tax Filing For Fy 2023-24 Prepare for tax filing season this year by being aware of the due dates and procedures. The e-filing for ITR (Income Tax Returns) has begun in April 2024 for the financial year 2023-24 (assessment year 2024-25). Taxpayers must file their taxes before the deadline […]
How to Choose the Best GST Consultant for Your Business
Home Blog How to Choose the Best GST Consultant for Your Business GST has seen a noticeable increase in attention in the world of business recently. While many small and medium-sized business owners and entrepreneurs are unclear about GST rules and regulations, having a GST adviser at their side can help them receive the guidance […]