Demystifying the World of Indirect Taxes: A Comprehensive Guide
Taxes paid by the citizens of a country help the government earn funds that are then used for…
What is Tax? – Types of Tax, Benefits, and Penalty in Tax
Tax in India is imposed on legal entities and individuals. Legal entities, including corporations, development organisations, private associations,…
What is Customs Duty in India – Check Types, Calculation & Latest Rates
Custom duty is the tax levied by the Government of India on the import and export of goods.…
Your Complete Guide to Understand Form 26AS
The recent data revealed that the number of Indians who filed Income Tax Returns in FY23 was 7.4…
GST Return: What is it, What are the Types and How to File it?
GST-registered businesses need to file monthly, quarterly, and annual GST returns depending on the business type and nature…
How To Declare Mutual Fund Investments in ITR and Disclose Capital Gains
Mutual funds have emerged as a popular investment avenue, offering individuals a hassle-free way to diversify their portfolios…
Earning More Than Rs. 12 Lakh in a Year? Here’s How Much Tax You Need to Pay
As your income grows, it becomes crucial to understand the tax implications and obligations that come along with…
Tax on Winning Game Shows and Lotteries
Many game shows and reality shows offer rewards like houses, cars, or large amounts of money. If you’ve…
Capital Gains Vs. Investment Income: How They Differ
Picture this: you’ve invested your hard-earned money in the stock market, and over time, your investments have grown.…
Simplifying Taxes for Small Businesses: Exploring Section 44AD
Section 44AD is a provision under the Income Tax Act of India, which offers a simplified scheme for…