Tax & Compilences
Tax planning is the legal procedure of reducing the payable tax liabilities in a particular financial year. It includes the course of actions such as managing tax implications, deductible taxes, and a proper planning to identify the amount of tax due. It plays a critical role for the budget efficiency as well.
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Businesses must register as regular taxable persons under the Goods and Services Tax (GST) if their annual revenue exceeds the threshold limit of Rs. 40 lakhs (in case of goods), Rs. 20 lakhs (in case of services), or Rs. 10 lakhs, as applicable. GST registration is the term for it.
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Income tax is a mandatory financial charge imposed on individuals and entities based on their income or profits. It is a primary source of revenue for governments, used to fund public services and infrastructure.
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P-Tax or Professional Tax is being imposed by all the State Govt. on every paid individual. The P-Tax is inflicted based on the profession, trade, or employment of the individual taxpayer.
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
Contrary to popular belief, Lorem Ipsum is not simply random text.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
Contrary to popular belief, Lorem Ipsum is not simply random text.