Three-Pronged MSME Support Plan: Breaking Down Budget 2026’s Credit, Tax, and Compliance Reforms
The dust has finally settled on the Finance Minister’s speech. The TV debates have quieted down, and now comes the most important part for you, the business owner: figuring out what it all actually means. Every year, we hear big numbers and ambitious targets. But this year, the narrative feels slightly different. The government seems […]
Recently the government announced several changes in TDS rates applicable from May 14, 2020. TDS rates for non-salaried payments have now been reduced by 25%. Changes have been announced in TDS rates for other income and payment items as well. Taxes deducted at source (TDS) and taxes collected at source (TCS) are meaningful terms
What is e-Aadhaar Card PDF Password | Lendingkart After receiving your Aadhaar card, you have the option to print or download a digital copy, known as the e-Aadhaar card. This digital version is protected by a password known as the Aadhaar password, which is a combination of the first four letters of your name
The GST, or the Goods and Services Tax is an indirect tax in India that mostly took the place of the services tax, VAT, and excise duty. The Goods and Service Tax Act was approved by the Parliament on March 29, 2017, and it became effective on July 1 of that same year. In
What is the UIDAI? The government of India has made strides towards safeguarding the citizen’s financial and personal details over the years. This has helped reduce the frequency of incidences like money laundering, corruption, and identity theft. Although the rise in technology has made ordinary lives easier and more comfortable, it has also made
Goods and Services Tax (GST) is a comprehensive tax system applied across India. It simplified the complex mechanism of indirect taxes and replaced multiple taxes with a single, unified tax structure. There are different types of GST based on the type of transaction, interstate or intrastate. Understanding GST types in India is important to
Goods and Services Tax(GST) came into effect on 1st July 2017, by amending the Constitution of India. It is the One Hundred and First Amendments introduced by the Government of India. GST was hailed as a significant tax reform of Independent India, that will help streamline the taxation process and reshape India’s $2.4 trillion
With the Supreme Court’s verdict, it is now mandatory to link Aadhaar card with Permanent Account Number (PAN) card to file and process Income Tax Returns (ITR), to apply for a new PAN card and to avail several subsidies from both the State and the Central Governments. This stands the same in the cases
When setting up a business or a start-up, most people would imagine that all that is needed is money, aim, and sufficient employees. But no amount of money, people, and ideas will be sufficient if you do not poses the right skill set to execute the plans and ideas as it can be intimidating
The term cancelled cheque is commonly used in banking and financial documentation, yet it is often misunderstood. While it is not meant for making payments, it plays an important role in verifying bank account details across various processes. Many people are unsure about how to write cancelled cheque correctly or when it is required,
Coronavirus is a highly contagious disease that has spread globally, affecting the lives, professions, economy, and lifestyle of everyone. This has generated an uncertainty of life and an immense loss of movement, earnings, and jobs impacting the economy of almost every country in the world. In this situation of contingency and emergency where things
