Reading Time: 5 minutes Invoices form an integral part of any business transaction. The right kind of invoice is to be attached while uploading returns to get tax benefits.
Reading Time: 3 minutes Here are the various tax exemptions and incentives available under Startup India.
Reading Time: 3 minutes The government of India has introduced various tax incentives for startups to flourish in India, which includes tax rebate for a 3-year period.
Reading Time: 5 minutes GST has replaced most other indirect taxes like service tax, VAT, central excise duty, additional customs duty, surcharges and octroi.
Reading Time: 4 minutes The scheme is Ideal for businesses with a turnover of less than Rs 1.5 crore. Small taxpayers can bid tedious GST formalities adieu and only pay GST at a fixed turnover rate.
Reading Time: 3 minutes HSN stands for Harmonized System of Nomenclature, and is used to classify goods in a systematic manner.
Reading Time: 4 minutes Angel tax is charged at the maximum marginal rate of 30%. This affects the investor as well as the receiver as they are losing almost one-third of the investment in taxes.
Reading Time: 4 minutes GST offers numerous benefits to startups like simple tax processes, online procedures and ease of doing business.
Reading Time: 3 minutes Understanding reverse charge mechanism can help businesses surmise their transactions in a more comprehensive manner.
Reading Time: 3 minutes The Indian government is planning to revamp the tax system for ESOPs. When implemented, ESOPs will be taxed only at the time of sale. Read on to learn more.