GST CMP-02 is a crucial form for businesses opting for the Composition Scheme under India's Goods and Services Tax (GST) system. This type of GST registration allows eligible taxpayers to benefit from ...

“Interest earned from a savings account is taxable under the Income Tax Act. However, individuals and HUFs can claim a deduction of up to ₹10,000 in a financial year under Section 80TTA. If the ...

The Ministry of Corporate Affairs (MCA) has imposed a ₹3.5 lakh penalty on company and its directors for failing to approve and file financial statements and Board’s reports for two consecutive years.

In the rapidly evolving Indian business landscape, a well-crafted business plan is more than just a formality—it's the foundation for success. Whether you're launching a startup in Bengaluru, ...

Resident taxpayers earning foreign income often face the issue of double taxation—being taxed in both the source country and the resident country. To address this, the Indian Income Tax Act allows ...

Learn about the new 1% Tax Collected at Source (TCS) on luxury goods worth over ₹10 lakh, effective from April 22, 2025.

Businesses and individuals often find themselves in situations where excess GST is paid, whether due to export transactions, input tax accumulation, or simple clerical errors.The GST refund mechanism ...

Income earned from the sale or purchase of shares, especially equity shares, is treated differently under the Income Tax Act. Unlike income from salary, rental income, or business income, the income ...

Are you a salaried individual who gets confused during the ITR filing season, especially about what exactly counts as “Income from Salary” in Income Tax? You’re not alone! In this article, we simplify ...

A trademark search is a vital tool in your business's marketing arsenal. This process enables you to identify trademarks already used within the market and gain insights into them. Moreover, it helps ...

As per Section 54 of the GST Act, any of the following situations may necessitate a GST refund application to be filed by the taxpayer: GST laws have standardised procedure for processing a GST refund ...