Demo cars are vehicles primarily used by dealerships and manufacturers to showcase features, facilitate test drives, and promote the brand among prospective buyers. Unlike standard […]
Understanding Tax Deducted at Source and Why Delays Happen
Tax Deducted at Source, often referred to as TDS, is a mechanism designed to collect tax directly from the source of income. This approach ensures […]
Understanding GST Practitioners and Their Role in Tax Compliance
Goods and Services Tax (GST) has transformed the indirect taxation system in India, simplifying procedures, creating uniformity in tax rates, and ensuring better compliance. With […]
Introduction to Exemptions and Relaxations in Accounting Standards for SMCs
Small and medium-sized companies (SMCs) form a significant portion of the business ecosystem in every economy. They contribute to employment generation, innovation, and the overall […]
The Ultimate Guide to Non-Fund Based Financing for Indian Businesses
Debt funding is a vital financial tool for businesses seeking capital without giving up ownership. It allows companies to raise money through borrowing while maintaining […]
Understanding GST and Its Importance in India
Goods and Services Tax (GST) is a comprehensive, destination-based tax introduced to simplify the indirect taxation system in India. Before GST, businesses had to comply […]
Section 50 Explained: Capital Gains on Business Assets
Depreciable assets are assets that are used in the course of business or profession and on which depreciation is allowed under the Income Tax Act. […]
Introduction to Input Tax Credit
Input Tax Credit (ITC) is a mechanism that allows businesses to claim credit for the tax paid on inputs used to produce goods or services. […]
Overview of the 45th GST Council Meeting
The Goods and Services Tax (GST) Council serves as the apex decision-making body for all matters related to GST in India. Since the introduction of […]
Overview of the Taxation Laws (Amendment) Bill, 2021
The Taxation Laws (Amendment) Bill, 2021, was introduced with the primary goal of streamlining India’s tax system while providing flexibility and relief to taxpayers. Over […]