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Tax Planning vs. Tax Saving- Know the Difference
Introduction Managing taxes efficiently is an essential part of financial planning. Many individuals confuse tax planning with tax saving, assuming they are the same. However, understanding the difference between the two is...
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A Complete Guide to Input Tax Credit (ITC) Under GST- Eligibility & Claim Process
Introduction Input Tax Credit (ITC) is one of the most significant advantages of the Goods and Services Tax (GST) regime in India. It allows businesses to offset the GST paid...
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What is Section 80C? Understanding Its Importance in Tax Planning
Section 80C of the Income Tax Act is one of the most popular sections among taxpayers in India. It provides an opportunity to reduce taxable income by making specific investments...
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How to E-Verify ITR Through Different Modes
Filing your Income Tax Return (ITR) is an essential task for all taxpayers. However, filing is just the first step. To complete the process, you must verify your ITR. Thankfully, the Income...
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What is The Difference Between AIS and TIS
Introduction Understanding the Annual Information Statement (AIS) and Taxpayer Information Summary (TIS) is crucial for seamless tax compliance. Both tools play distinct yet complementary roles in simplifying the Income Tax Return (ITR)...
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Income Tax Filing for Freelancers
As a freelancer, you enjoy the flexibility of being your own boss, but with that freedom comes the responsibility of managing your finances—including income tax filing. Unlike salaried individuals, freelancers...
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TDS Compliance Simplified: Avoid Penalties
Introduction TDS compliance is more than just a legal obligation—it’s a foundation of responsible business practices. Non-compliance with TDS regulations can result in significant penalties, damaging your reputation and financial health. With...
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What is the DIR 3 KYC? A Comprehensive Guide for Directors
The Ministry of Corporate Affairs (MCA) has mandated that all directors in India, holding a Director Identification Number (DIN), must file the DIR 3 KYC annually. This regulation, which came...
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What is the ADT-3 Form
The world of corporate governance in India is underpinned by stringent compliance requirements, ensuring transparency and accountability in business operations. Among these regulations, the ADT-3 form plays a pivotal role...