Running a business efficiently needs a lot of focus & dedication. As a business owner, you have to spend much time acquiring new clients, focusing on the quality of your products or services, and your business growth. Among all this chaos, Accounting and Bookkeeping is mostly ignored! But this can be a grave error of […]
If you are planning to start a new business, it’s crucial to have the right business structure. Everything from Taxation, Compliances, and Regulations that you will have to follow depends on it. When it comes to business structure in India, there are multiple options available as per the law. Every business is unique in its […]
Business transactions are one of the most crucial parts of your business. A smooth flow of precise financial information is critical to maintaining day-to-day business operations. You cannot afford to make mistakes in handling monetary records, or you are set to lose a big chunk of your profit. But, keeping track of all the financial […]
We understand that you are scrambling to file your Income Tax Return (ITR) right now! With so many documents and information necessary, filling an ITR can be a real struggle! There is always a possibility that you might miss-out some critical information unintentionally while filling your ITR. This is a grave error and can attract […]
There are more than six crore Small and Medium businesses in India. It’s not an exaggeration to say that these Small and Medium businesses are a life-line of Indian Economy. These businesses have a small number of customers, unlike big companies, LLPs and Ltd companies in the market. Still, they have a considerable market share […]
Life insurance is a critical part of any tax planning. As we live in the capital-driven world, it becomes vital to ensure the financial safety of our family and for those who depend on us. COVID-19 pandemic has once again asserted the importance of Life Insurance. This is the reason why people are scrambling to […]
The government is working on setting up a single window system for clearances and approvals of industry, Parliament was informed on Wednesday. In a written reply to the Lok Sabha, Commerce and Industry Minister Piyush Goyal said despite the presence of several IT platforms for investing in India such as in departments of the central government, and state single window clearances, investors have […]
Time and again, you might have heard about this term. In this blog, I will try to answer some basic questions related to TDS so that you can understand its importance and use. What is TDS? Tax Deducted at Source or TDS in common is a tax that is deducted from the total payment by […]
Form 26AS is an annual summary of all the taxes that are credited against the PAN of any taxpayer. Every tax that is deducted from the income of a taxpayer by his/her employer, bank or any other income source is mentioned in detail in this Form 26AS. Any advance duty or self-assessment tax paid by […]
Every document that you need to file your ITR on time!