Understand tax obligations for freelancers in India, including GST, deductions, advance tax, and compliance strategies to manage tax liabilities efficiently.
Section 34(2) of CGST Act allows a supplier to issue a credit note to adjust the taxable value or tax payable in case of: Post-supply discounts, ,Returns of goods, or Deficiencies in services.
Explore the legal framework and conditions for paying monthly remuneration to Non-Executive Directors under the Companies Act, including shareholder approval and profit-related rules.
The standard deduction is one of the most popular deductions because it makes tax filing easier by lowering taxable income without requiring itemization of deductions. This blog examines the standard deduction’s advantages, qualifying requirements, most current revisions, and contrasts with itemized deductions.
Learn about Section 58 of the Income Tax Bill 2025, which simplifies presumptive taxation for non-residents, including turnover limits, profit calculation, and compliance.
Silver is essential in renewable energy, used in solar panels, electric vehicles, and battery storage. Rising demand from green technology is driving prices higher—explore the market impact and current trends.
When the repo rate is reduced, it usually indicates a decreased cost of borrowing for banks that should, in theory, result in reduced Equated Monthly Instalments (EMIs) for borrowers. Yet, in most instances, even after a repo rate reduction, EMIs do not change. Why this happens has been investigated by us with illustrations from real-life situations.
Learn about the GST Amnesty Scheme under Section 128A for Section 73 cases, offering waiver of interest and penalties for disputes from July 2017 to March 2020.
#AD Taxation is essential for businesses, but for small enterprises and professionals, it can be complex and time-consuming. Micro, Small, and Medium Enterprises (MSMEs) often struggle with bookkeeping, tax compliance, and audits, which can lead to financial inefficiencies and penalties for non-compliance. Recognizing these challenges, the Indian government introduced the Presumptive Taxation Scheme (PTS) under […]
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