The Annual Information System (AIS) is designed to capture various high-value transactions and income data. The thresholds for AIS reporting are typically set by the
If you deal exclusively in tax-free goods or services, you can continue your business operations confidently, focusing on scaling your business while remaining compliant under Indian GST law without the additional administrative load of GST registration.
Section Exempt Income Conditions 10(1) Agricultural Income Income from agricultural activities on land in India. 10(2) Share of income from HUF Income must be derived
The Income Tax Act, 1961 provides a simplified taxation scheme known as Presumptive Income Scheme under certain sections. These provisions allow eligible taxpayers, mainly small
The Income Tax Act, 1961 classifies taxpayers, also known as “assesses,” into various types based on their legal status and tax liability. Each type of
Here’s a detailed list of all the sections and subsections related to Section 54 of the Income Tax Act, 1961, which deal with exemptions from
Here’s a detailed list of all the major deductions available for income taxpayers in India under the Income Tax Act, 1961: 1. Section 80C –
Tax Deducted at Source (TDS) in India is a system under the Income Tax Act, 1961, where the person responsible for making certain payments deducts
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1. Green Financing for MSMEs in India: Pathways to Sustainable Growth 2. ESG Compliance for Indian Businesses: Understanding SEBI’s Guidelines and Global Standards 3. The
