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As the 31st March approaches, businesses must reconcile sales and purchase records, verify input tax credits, adjust for any discrepancies, prepare for audits or assessments, and fulfill any outstanding compliance obligations.
As the start of new financial year approaches, new financial regulations will be implemented, affecting how financial transactions and operations are conducted.
Get the latest TDS rate chart for FY 2024-25 (AY 2025-26)
The responsibility to collect Tax Collected at Source lies with certain specified persons or entities as mandated by the Income Tax Act. These entities collect tax from the payee at the time of sale or provision of certain goods or services.
A stipend is a sum of money paid to someone which are typically smaller than salaries and are provided to individuals to support them financially while they gain knowledge and experience through education, training, or specific positions.
A salary slip or a pay slip is a document provided by an employer to an employee, with a detail list about the salary components such as HRA, LTA, bonuses, and deductions for a specific period, typically a month.
GST for footwear products now up to to Rs 2500 isat 5% while products priced above Rs 2500 increased to 18% from the existing 12%.
A rent receipt is an important document provided by a landlord to a tenant as proof of payment for rent
Understanding tax concepts is very crucial as its helps individuals and businesses to plan their finances more effectively.
GST stands for Goods and Services Tax, is a comprehensive indirect tax levied on the supply of goods and services in India.
Online GST Course - Master the Fundamentals of GST with Practical Insights
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