MSME Benefits
Unlocking the Benefits of MSMEs: Why Small Businesses Thrive For availing all MSME benefits, it is essential to first register on the MSME portal with valid details. The Union Budget 2025 has revised the limits.
Loan refinancing or restructuring for reducing Interest rates
Loan refinancing or restructuring for reducing Interest rates. If you’re looking to lower the interest rate on a loan by paying a fee to the bank, you might be interested in a process called loan refinancing or restructuring. Here’s how it generally works: 1. Research and Comparison Start by researching other banks or financial institutions […]
Navigating Income Tax Regulations: Understanding Cash Transaction Limits for a Digital Economy
Navigating Income Tax Regulations: Understanding Cash Transaction Limits for a Digital Economy In India, there are several limits and regulations on cash transactions imposed by income tax regulations to curb tax evasion and promote a digital economy. Here are some key points: Cash Transaction Limit As per Section 269ST of the Income Tax Act, 1961, […]
Advance Tax Meaning & Are You Liable To Pay
Advance Tax Meaning & Are You Liable To Pay? Advance Income Tax: Who Needs to Pay Advance Tax: Individuals, Hindu Undivided Families (HUFs), self-employed professionals, and businesses whose tax liability for the financial year exceeds Rs. 10,000 are required to pay advance tax. Due Dates for Payment: Advance tax is typically paid in installments during […]
Finance Bill 2023 has Added new Sections to the Income Tac Act
Finance Bill 2023 has Added new Sections to the Income Tac Act Section 115BBJ- It propses that income tax of 30% should be calculated on a user’s net winnings.Section 194BA–It will allow tax to be deducted (TDS) at the end of the year or at the time of the withdrawalof winnings.
Tax Benefits to Electrical Vehicle Owners
Tax Benefits to Electrical Vehicle Owners If you are having Electrical Vehicle (EV) and have taken loan on the same from any Banking Institution or NBFC, Then as per section 80EEB of the Income Tax Act 1961, You will be having additional advantage of Income deduction of Rs. 150000.00 or interest payable on loan, which […]
Maximizing Educational Potential: Unlocking the Power of Learning with Tax Benefits
Maximizing Educational Potential: Unlocking the Power of Learning with Tax Benefits In today’s dynamic world, where knowledge is a key driver of success, unlocking the power of education can be a transformative journey. Beyond the inherent value of acquiring knowledge, there’s an additional advantage that often goes unnoticed—tax benefits. This comprehensive exploration will delve into […]