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New union budget 2023 insights for every taxpayer

The long-awaited budget is finally out! It is promising in ways anticipated, yet surprising with the shifts in numbers it presented. It...

Mutual fund distributors wish for higher deduction in budget 2023

As the union budget 2023 approaches, Indian mutual fund distributors are hoping for a deduction in the tax rules. Currently, investors in...

Income tax department on quick refund adjustments

The Income Tax Department has reduced the period to 21 days for tax officers to decide on adjustments of refund against outstanding tax...

Presumptive Tax Scheme for Small Businesses

Small businesses and shop owners have a limited number of customers as compared to large businesses with massive volumes in sales and...