Introduction Tax planning is a vital aspect of managing a small business. By employing strategic tax-saving techniques, small business owners can optimize their financial resources, reduce tax liabilities, and enhance profitability. In this article, we will discuss practical tax planning tips designed to help small business owners navigate the complex tax landscape while maximizing savings. …
Category: Taxation
Top 5 Tax-Saving Strategies for Individuals
Introduction: As tax-paying individuals, we all strive to maximize our income and reduce our tax liabilities. Fortunately, there are various strategies available that can help us save on taxes while staying compliant with the law. In this blog post, we will explore the top five tax-saving strategies that individuals can implement to make the most …
TDS Provisions on Virtual Digital Assets: A Guide for Investors
With the rise of virtual digital assets like cryptocurrencies and tokens, investors are turning to these assets as an alternative form of investment. However, the taxation of these assets can be complex, particularly with regard to Tax Deducted at Source (TDS) provisions. In this blog post, we will provide a guide to TDS provisions on …
Indirect Tax and Tax Technology in India – Evolution and Adoption of a Digital Backbone
The indirect tax ecosystem in India is moving into a phase of technological development with an aim to further the principle of ‘Doing Business with Ease’. The adoption of technology is now an integral part of our regular lives, and leveraging this fast-growing revolution, the government has also introduced and adopted several windows through which …
5 Tax Saving Techniques You Need to Pay Attention to
Each year taxpayer is required to file their Income Tax Return (ITR). The Income tax return comprises the information of your annual income along with the payable tax which you require to file. Under different sections of the Income Tax Act 1961, there are some tax rebates and exemptions are being provided by the Government …
What is Indirect Tax?
Indirect tax is a tax that can be accepted on to another individual or unit. Indirect tax is usually levied on suppliers or manufacturers who pass it on to the final consumer. Excise duty, Custom duty, and Value-Added Tax (VAT) are some of the examples of Indirect taxes. Indirect Tax in India Here are numerous …