Understand the GST implications on goods sent for exhibition. Learn about the criteria for considering an activity as a supply, exceptions under Schedule 1, and the importance of consideration. Goods sent for exhibition, not covered by Schedule 1, are not initially considered a supply due to the lack of consideration. Explore scenarios where goods sent for exhibition may be treated as supply, issuance of tax invoices, and registration requirements.
Unlock the intricacies of trusts with insights into types, creation, tax benefits to donors, and taxation. Understand the roles of authors, trustees, and beneficiaries. Explore the creation process, trust property, and its types—public trusts (charitable and religious) and private trusts (revocable, irrevocable discretionary, and irrevocable non-discretionary).
Discover the complete guide to start-ups, covering inception, marketing strategies, funding, tax benefits, registration under Start-up India Scheme, and the step-by-step closure process. Stay informed for successful entrepreneurship.
Unravel the complexities of TDS under Section 194M on payments to resident contractors and professionals. Learn about the nature of payments, liability, rates, and reporting requirements. Stay compliant with the latest tax regulations.
Navigate the realm of TDS on Virtual Digital Assets (VDA) with insights into section 194S introduced in the Finance Act, 2022. Learn about applicable thresholds, tax deduction nuances, and the recent introduction of section 115BBH. Stay compliant and informed in the dynamic landscape of digital asset transactions.
Unravel the complexities of leave encashment with a comprehensive guide. Understand the types of leaves – earned, sick, maternity, etc., and explore the tax implications of leave encashment. Delve into the Income Tax Acts provisions, exemptions, and taxable amounts. Learn the computation process and exemptions for government and non-government employees. Stay informed about thresholds, salary averages, and other key factors influencing leave encashment taxation.
Provident fund is a scheme intended to give substantial benefits to an employee at the time of his retirement. Under this scheme, a specified sum is deducted from the salary of employee and also same amount is contributed by employer as a contribution towards the fund.
Learn about gratuity: eligibility criteria, taxability, and exemption. Find out how this voluntary payment can benefit retiring employees.
Understanding the new TDS on benefits and perquisites u/s 194R introduced in the Finance Act, 2022. Learn about the 10% TDS deduction and its applicability.
Discover everything you need to know about MSMEs – Micro, Small and Medium Enterprises. Learn about their contribution to the economy and their impact on employment.
