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Tax Planning in 2024: Strategies for Maximizing Benefits

Today, people and companies actively seek strong tactics to improve their 2024 tax planning. A proactive approach is required due to the dynamic nature of tax legislation and the constantly shifting economic environments. Keeping up with these changes is critical so people and companies can take advantage of new opportunities while minimising hazards. In the…

Tips on effective debt management for the consumer

Debt management can be difficult for many employees, managers, and CEOs, but it is critical for effective financial management and stability. Effective Debt Management Plans offer an organised strategy for successfully managing debts and achieving local financial program objectives, whether your goal is to improve your credit score or manage capital debts. In this post,…

Outsourcing Vs. In-House Accounting – What’s Right for Your Business?

While every business operation is specialized and requires an exclusive workforce managing it, accounting is a tad different. As it deals with money, businesses should have a proper vision and strategy in place to manage it accurately and effectively. Strategy refers to the decision of whether to outsource accounting or keep it in-house. To many,…

Budget 2023: Highlights

On February 1, 2023, The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman announced the Union Budget 2023-24. It is the fifth budget of Hon. PM Modi’s second term as the country’s prime minister. Let’s look at some of the budget’s direct tax highlights, overview what it aims to include and its seven…

How To Launch an IPO? – Complete Process, Eligibility

Are you planning to launch an IPO? Doing so involves various aspects that you should know as a company eyeing public investments. Accordingly, this article overviews the basics like IPO process and IPO eligibility in India. Let’s get started. What is an IPO? As a company planning to go public, you must surely be knowing…

Three Most Overlooked Tax Deductions

Did you know, as a taxpayer, you can claim a tax deduction on the interest you pay on loan borrowed for higher studies for yourself, your children or your spouse under section 80E? And there’s no upper limit on the deduction under this section! If you hadn’t, you know it now. But here are a…

Complete Guide on GST on Renting of Residential Immovable Property

Are you looking for information on GST on renting residential immovable property? Then, this article explores various aspects related to it. Per the GST Act, renting out an immovable property would be considered a supply of services. But GST is applicable only to particular rent types, including, When a property is given on rent, lease,…

Do You have to Pay GST on Foreign Exchange Gain/Loss in Case of Import of Services?

As understood commonly, GST is applicable on import of service, subject to place of supply provisions. But in foreign transactions, the invoice value in the foreign currency remains the same. However, it may change when one converts the value to the local currency. Of course, it is owing to currency value fluctuations. But what about…

What is TDS: TDS Meaning, Concept Everything Explained

Are you looking for insights on TDS? Then, this article can help. It looks at the meaning of TDS, TDS forms and filing dates, and a few more aspects of TDS. What is TDS? TDS, Tax Deducted at Source, is part of income tax. It is the person who makes the payment that deducts the…

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