Mumbai isn’t just famous for Bollywood and its tall buildings. It is a place where lots of different types of businesses thrive, from finance to entertainment. The city has fantastic roads, buildings, and a large number of qualified workers, making it an ideal location for corporate growth. For many prospective entrepreneurs, Mumbai, the bustling core…
Businesses are urgently striving to align their revenue and Input Tax Credit (ITC) for the fiscal year 2022-23, with the objective of making essential modifications in their financial records and GST reports before the October 2023 cutoff. The process reaches its peak with the complete submission of data via GSTR-9 and GSTR-9C for every fiscal…
Stay up to date with our comprehensive guide to due dates for roc annual filings for different types of companies. From sole proprietorships to public companies, we’ve got you covered. Ensuring timely filing can help businesses avoid unnecessary penalties imposed by the ROC. This guide includes due dates for filing important forms such as AOC-4,…
In the area of taxation and healthcare, the introduction of the Goods and Services Tax (GST) was a significant development. GST, a comprehensive indirect tax, has brought about significant changes in various sectors, including healthcare. This blog explores the nuances of healthcare taxation under GST, shedding light on the implications for both service providers and…
Having your Income Tax Return in order is super important when you’re applying for a visa. If you’re thinking about studying in another country, working abroad, or just exploring new options, your income tax documents are a big deal for the visa application. These papers tell the authorities that your finances are stable, and that’s…
Understanding the details of Section 37 of the Income Tax Act is critical for businesses. This section provides several general deductions for expenses incurred in the course of operating a business or professional, office rent to staff salaries, Section 37 provides a framework for businesses to maximize their deductions, ultimately contributing to their financial well-being….