When operating a partnership or sole proprietorship, partners and owners take money out of the company as needed to cover their daily personal expenses. The […]
Changes in Income tax Slabs and How to take advantages moving forward in FY23-24
Introduction The Union Budget presented in Feb’ 2023 included the income tax slab for the financial year 2023–2024 / Assessment year 2024-25. Individual taxpayers are […]
Blocked Credit in GST – Items on which no Input Tax Credit is available
What is Input Tax Credit? With an input credit, you can deduct the tax you have already paid on inputs when paying output taxes. Assume […]
Startup – DPIIT Recognition : Importance and Benefits
DPIIT: What is it? The Department for Promotion of Industry and Internal Trade is known by the acronym DPIIT. It is under the purview of […]