What is TDS and When it is required to deduct?
30 March 2024
TDS stands for Tax Deducted at Source. It is a mechanism for collecting income tax in India, governed by the Income Tax Act, 1961. Under
Deductions on housing Loan
30 March 2024
Deductions on housing loans in India are available under several sections of the Income Tax Act, 1961. Here are some of the key deductions related
Definition of NRI
17 March 2024
NRI stands for Non-Resident Indian. An NRI is an individual who is an Indian citizen by birth or descent and who resides outside India for
Accounting for small business owners
17 March 2024
Accounting for small business owners is crucial for managing finances, making informed decisions, and ensuring compliance with tax regulations. Here are some key accounting principles
What is RCM in GST and on which goods and services it is applicable
17 March 2024
In India, under the Goods and Services Tax (GST) regime, the Reverse Charge Mechanism (RCM) is a system where the recipient of goods or services
