Filing of income tax returns is recommended to everyone because of its various benefits such as you can get future loans processed easily, easy VISA processing, benefits while choosing life/health insurance, easy refund of tax deducted by employers/payers, you get to verify your salary with what company shows to the government and most importantly you fulfill your duties as a good citizen of the country.
One of the biggest bottleneck for SMEs in India is the lack of financial support from the formal banking or financial sector which hampers growth of small businesses. To remove this bottle neck and provide finance to micro units or Entrepreneurs, MUDRA Bank has been setup as a subsidiary of SIDBI. MUDRA (Micro Units Development […]
In India we express our love and affection through gifts. There are various occasions for gift giving in our society like Rakshabandhan, Diwali, marriages, birthdays and the list goes on. But the government is keeping a close eye on such gifts as they may be misused by tax payers to escape taxes on their income by simply transferring their income to relatives and through other routes.
The Composition Scheme under GST is extremely important for those traders who have a turnover upto Rs. 1.5 crores* annually. While it has its many advantages, there are also several drawbacks of registering under the GST Composition Scheme which have been addressed in following article:
From April 1, a large number of Indians will see significant changes in their financial life. April 1 is the first day of the new financial year, 2018-19. The Budget proposals for the new financial year, announced on February 1, will come into force from today itself. Below are the key changes which are going to […]
Discover the importance of filing your income tax returns accurately. Avoid penalties and prosecution by submitting your financial details to the income tax department.
