The Indian government has always demonstrated a strong willingness to encourage people to invest in homes. Because of this, Section 80C permits a tax deduction for house loans. Additionally, there are several tax advantages that come with home loans when you purchase a residential property. This article will guide you about important information regarding the … Read more
A massive relaxation for taxpayers as the government has announced a major update. As per the latest update, GSTR 9 and 9A GST Return Filing relaxations have been announced. It was done on the recommendations of 47th GST Council Meeting. The 47th GST Council meeting, held in Chandigarh on 28th and 29th June decided to … Read more
An important update for taxpayers and businesses as CBIC has notified new GST Rate Changes. These rate changes were recommended by the GST Council. The 47th GST Council Meeting was held in Chandigarh for two days i.e. 8th and 29th of June 2022. The GST Council Meeting announced several new changes and one of the … Read more
India’s garment industry is among the oldest and biggest contributors to the nation’s economic growth in terms of GDP, employment, and export promotion. Both skilled and unskilled employees are employed in the textile industry, one of the nation’s oldest and second-largest manufacturing sectors. As a result, businesses must understand about GST on Apparel, Clothing and … Read more
It is mandatory for exporters of scheduled products in India to get the APEDA RCMC Registration. The Agricultural and Processed Food Products Export Development Authority (APEDA) was established by the Indian government in 1985. Through a variety of growth-focused policies and activities, this top government agency seeks to boost the export of agricultural goods. Therefore, … Read more
Numerous international agencies certify the organizations, which fosters new avenues for innovation and trade development. A representative of these groups is ISO. A further guarantee this standard provides is that the organization’s goods and services exhibit continual improvement while meeting customer requirements and legal standards. It is a private, non-profit company that operates on an … Read more
Freelancers are self-employed individuals who manage various jobs for various clients while relaxing in their homes, parks, or café. Independent contractors or freelancers exist in many industries, including social media content writers, website designers, consulting firms, and marketing. However, this convenience is not without cost because, by the Income Tax Act, freelancers are also required … Read more
Small and Medium Enterprises (SMEs) have grown significantly in India during the past few years. . SMEs in India are aware of the fact that, in order to keep on top of the industry, their businesses must go outside their own country’s borders. But before you plunge into the deep end of the ocean, there … Read more
An important update for taxpayers as GSTR-3 GST Return Filing can be now revised. The change will lessen the problem of phony invoicing, in which sellers report suppressed sales on GSTR-3B to reduce GST payment while reporting greater sales on GSTR-1 to allow buyers to claim input tax credit. This article discusses all the important … Read more
Cryptocurrencies as a digital asset are becoming popular every day in India. Till now, the government has not made cryptocurrencies legal. However, various tax rules and regulations have been made. This article will guide you all the latest updates about TDS and Income Tax on Crypto and Virtual Assets. What is Cryptocurrency? Cryptocurrency is the … Read more