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One of the goals of the implementation of the Goods and Services Tax (GST) is to prevent the cascading effect of taxes. The Input Tax...

Receiving an income tax refund often feels like getting an unexpected bonus. However, to ensure this bonus lands smoothly in your bank...

The Indian government has consistently aimed to boost the nation's manufacturing sector, recognizing it as a crucial pillar for economic...

India's development and advancement are based on social welfare and advancement. Charitable trusts and organisations work to further this...

The residential status of a taxpayer is a crucial factor in determining their tax liability in India. Under Section 6 of the Income Tax...

Depreciation is the inevitable deterioration that assets experience over time. It may seem straightforward in ordinary situations, but it...

Businesses that have registered for GST may issue bills of supply rather than tax invoices. It is used by companies that deal with...

Form 26AS, also known as the Tax Credit Statement, is a crucial document for taxpayers in India. It is a consolidated tax statement...

The term "Non-Resident Indian" (NRI) is defined as a citizen of India who resides in a foreign country. Different tax laws apply to...

The ITR filing last date for FY 2023-24 (AY 2024-25) is a crucial deadline for taxpayers to remember. It marks the final date for...