Common problems often faced by various individuals are the guilt and anxiety around making big-ticket purchases and extremely hassle-ridden EMI payment tenures. However, Bajaj Finserv
TDS, also known as Tax Deducted at Source is a direct taxation mechanism that facilitates direct tax collection from the source at the time of
As in many Asian countries, online gambling has been on the rise in the last several years in India. At the same time, India has
With the increased competition in the field of business today, one has to do whatever it takes to survive. Up to the mark strategies, perfect
In the past 10 years, the online casino industry in India has seen a massive surge in the number of players. This has been brought
A businessman has two options while taking a loan for his business. Either to opt for long term funding like LAP (Loan against property) or
Rule 138 of CGST Rules defines the provisions of e-way bill. The provisions of this rules is applied by various states on different dates. The
What is Reverse Charge? Normally, GST is to be collected by the person who is selling good and services. But in some cases GST is
A new functionality has been introduced on the GST portal for the surrendering of GST Registration. If you want to cancel your GST registration, follow
As per the GST law, generally a taxpayer pays tax under normal rates i.e 5%, 12%, 18%, 28% and avails cenvat credit on inputs, input
What is Input Tax Credit (ITC) Input Tax Credit refers to the tax already paid by a person at time of purhase of goods ro
GSTR-3B is required to be filed every month by all taxpayers till 20th of the next month. Although this is a relatively easy form and
As per Section 139(1)(b), every individual, if his total income exceeds the maximum amount which is not chargeable to income tax shall file his return
Residential status is the most important concept for income tax applicability on seafarers. It is required to find out for every financial year to compute
Non-resident seafarers are allowed to have various types of bank account as follows: – Non-resident Ordinary Account (NRO) It is a rupee-denominated saving account for
Meaning of Seafarer A sailor, seaman, mariner or a seafarer is a person who navigates water bone vessels or assists as a crew member in
There are various ways in which you can verify your e-return, one of which is using bank account details. This option comes handy when you
Meaning of Clubbing In general, clubbing means including the income of any other person into the Assessee’s total income for the purpose of taxation. Certain
National Saving Certificate, commonly known as NSC, is saving bonds issued by Indian Government to individuals only. It is primarily focused on small savings. Also,
What is PPF ? PPF stands for Public Provident Fund which is backed by Indian Government. PPF is the most common investment for a number
Equity Linked Savings Scheme, commonly known as ELSS, is a diversified, open-ended, equity-oriented mutual fund scheme. In ELSS, 80% of the portfolio amount is required