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Understanding the Tax Exemption Limit of ₹12 Lakh in the Union Budget 2025

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Understanding the Tax Exemption Limit of ₹12 Lakh in the Union Budget 2025 In the Union Budget 2025, Finance Minister Nirmala Sitharaman introduced significant tax relief for middle-class taxpayers. Under the new tax regime, individuals with annual earnings up to ₹12 lakh are exempt from income tax. For salaried taxpayers, this exemption extends to ₹12.75 […]

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What is the Time Limit for GST Audit Under Section 65

What is the Time Limit for GST Audit Under Section 65? | Key Insights & Guidelines

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Understanding GST Audit and Its Importance The Goods and Services Tax (GST) system plays a crucial role in ensuring a seamless tax structure for businesses across India. One of the key elements of this system is the GST audit, which helps verify the correctness of a business’s tax records. Under Section 65 of the CGST

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How to Register a Startup Company in India

How to Register a Startup Company in India: Eligibility, Process & Complete Guide

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Starting a new business in India is an exciting venture, especially with the government’s strong focus on fostering entrepreneurship through initiatives like Startup India. However, registering your startup company requires a clear understanding of the process and eligibility criteria. In this comprehensive guide, we’ll walk you through the steps to register a startup company in

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How File Income Tax Return (ITR) Online Without Form 16

How to File Income Tax Return (ITR) Online with or without Form 16: A Complete Guide

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Filing your Income Tax Return (ITR) online has become a seamless process, thanks to the digital platforms provided by the Indian Income Tax Department. However, many taxpayers often face confusion about filing ITR, especially when they don’t have Form 16. In this comprehensive guide, we’ll walk you through the process of filing your ITR, whether

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What are the Advantages and Disadvantages of GST

Advantages and Disadvantages of GST | Understanding the Pros and Cons of GST

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The Goods and Services Tax (GST) has revolutionized the tax landscape in many countries, including India. While it promises to simplify taxation and create a more transparent tax system, its implementation has sparked debates on its overall impact. In this article, we’ll explore the advantages and disadvantages of GST, particularly in the context of India,

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All About TDS Return Forms: Form 24Q, 26Q, 27Q, 27EQ & Compliance Tips

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Tax Deducted at Source (TDS) is a critical mechanism in India’s taxation system that ensures timely tax collection by deducting a portion of taxable payments at the source. Filing TDS returns is a mandatory quarterly obligation for individuals and entities deducting tax. However, the type of TDS return form required depends on the nature of

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How to File GSTR-1?

How to File GSTR-1: Step-by-Step Guide for 2025 | Easy Filing Tips

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Filing your GSTR-1 correctly is a crucial step in ensuring GST compliance and avoiding penalties. In 2025, businesses must continue to submit GSTR-1 returns to report their outward supply of goods and services. If you’re unsure where to start, don’t worry! In this easy-to-follow guide, we’ll walk you through the entire process of filing GSTR-1

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Understanding the Shift from FERA to FEMA: Insights from a Mumbai-Based CA Firm

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Introduction What is FERA? What is FEMA? Key Differences Between FERA and FEMA Aspect FERA FEMA Year of Enactment 1973 1999 Nature of Act Regulatory and rigid Management-oriented and flexible Objective To conserve foreign exchange To facilitate foreign trade and payments Penalty for Violations Criminal liability Civil liability Approach Prohibitive Facilitating Foreign Investments Restrictive Encouraging

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Role of CA Firms in Start-Up Success in India

The Role of CA Firms in Start-Up Success in India

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India’s start-up ecosystem has experienced a remarkable boom, with thousands of innovative ventures emerging across various industries. However, for start-ups to thrive, robust financial management and adherence to compliance are essential. The Role of CA Firms in Start-Up Success in India is pivotal, as Chartered Accountant (CA) firms ensure start-ups achieve sustainable growth while navigating

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