Introduction: The difference between old and new tax regimes has become a subject of interest for individuals and businesses alike. As tax regulations transform, it becomes crucial to comprehend the
Introduction: The Budget 2023 has brought significant changes to the income tax structure in many countries. The new income tax regime aims to simplify the tax filing process while introducing
Introduction and Meaning The composition scheme is a simplified tax scheme available for small taxpayers under the Goods and Services Tax (GST)Â in India. It allows eligible taxpayers to pay tax at a
Definition of Cryptocurrency: What is cryptocurrency? Cryptocurrency is a digital currency that uses cryptography for security. Cryptocurrencies use a blockchain, a public ledger that records
The Real Estate (Regulation and Development) Act, 2016 (RERA) was enacted to regulate the real estate sector in India and promote transparency, accountability, and efficiency in the industry. The act
Introduction and meaning: Related party transactions (RPTs) are an integral part of any business, as companies often engage in transactions with parties that have some sort of relationship
Introduction: Sections 185 and 186 of the companies act 2013 lays down the provisions on how the company can utilize its funds to provide loans. The purpose of introducing these provisions is to
Introduction: The term GTA stands for Goods Transport Agency. This term has its importance under GST because of the unique taxability of these services. The legal position of a person who is
Introduction: As we all know, GST registration for any person becomes mandatory when the supplies exceed the basic exemption limit i.e. 40 lakhs in case of goods and 20 lakhs in case of services.
Introduction: GST registration is an indirect form of tax where the supplier collects the tax from the purchaser and deposits it with the government. But there are few instances where suppliers are
Introduction: Nowadays the GST department has come up with all new weapons to mitigate non-compliances under GST. The suspension of GST registration under GST helps the GST officer to identify the
Introduction The GST act specifies the detailed procedure for taxpayers regarding the frequency to file GST returns and also frequency to pay the taxes. There are two kinds of taxpayers under GST.
