Understanding and verifying your tax code is essential for ensuring you pay the right amount of tax and avoid overpayment. A tax code determines how much tax is deducted from your income, and errors in it can lead to unnecessary …

How Can I Ensure My Tax Code Is Correct to Avoid Overpayment? Read more »

Navigating tax deadlines is essential for individuals, businesses, and organizations to remain compliant with regulatory requirements. Missing these dates can lead to penalties, interest charges, and unnecessary stress. As December 2024 comes to a close and January 2025 approaches, staying …

What Are the Key Tax Deadlines for December 2024 and January 2025? Read more »

The Goods and Services Tax (GST) in India has introduced a streamlined tax system, affecting all industries, including the booming mobile phone and accessories market. Mobile devices and accessories are now more accessible to the public due to simplified tax …

GST Rates Applicable to Mobile Phones and Accessories with HSN Code [2025] Read more »

The Reverse Charge Mechanism (RCM) under the Goods and Services Tax (GST) framework shifts the responsibility of tax payment from the supplier to the recipient of goods or services. This approach ensures tax compliance, especially in sectors with unorganized suppliers …

RCM (Reverse Charge Mechanism) Under GST With Latest Update | JAN’25 Read more »

Tally is a widely used accounting software in India and worldwide, renowned for its user-friendly interface and robust features. One of the essential functionalities of Tally is the ability to make changes to a company that has already been created. …

How to Make Changes in a Created Company in Tally | Steps To Follow in 2024 Read more »

Section 44D of the Income Tax Act, 1961, focuses on the taxation of foreign companies or non-residents earning income in India from royalties or technical services. This section is relevant for entities that are involved in the transfer of technology …

Section 44D of the Income Tax Act, 1961: A Comprehensive Overview (2025) Read more »

The Goods and Services Tax (GST) system in India has brought a unified tax structure for goods and services, making it easier to manage and implement. Among the various items that fall under the GST purview, scrap materials are crucial …

GST Rate on Sale of Scrap Materials with HSN Code [2025] Read more »

The appointment of an auditor is a crucial element for any company under the Companies Act, 2013 in India. Auditors are vital as they review and verify the company’s financial statements, ensuring accuracy and compliance with various statutory and regulatory …

Appointment of Auditor under Section 139 of the Companies Act, 2013 Read more »

With the ever-evolving tax regulations in India, businesses dealing in footwear, especially those made of rubber and plastics, must stay updated on Goods and Services Tax (GST) rates and the Harmonized System of Nomenclature (HSN) codes. Footwear, being an essential …

GST Rates and HSN Codes on Footwear (Rubber & Plastics) – 2024-25 Guide Read more »

Taxation may be rocket science with its jargons and labyrinthine clauses. Yet, a proper understanding of critical sections of the Income Tax Act can make all the difference in strategizing your tax planning. We will discuss three important sections of …

Understanding Sections 111A, 112A & 112 of the Income Tax Act: Provisions and Implications Read more »