income tax return

GST Registration of an LLP Company

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In India, a Limited Liability Partnership company requires obtaining registration of Goods and Services Tax. It ensures that the firm is in compliance with the laws and availed with a single tax. This section deals with why, how, and what benefits an LLP gets from GST registration. what is an LLP? An LLP is a crossbreed … Read more

Challenges of MSME Registration in India: A Step-by-Step Guide

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Challenges for MSME Registration

MSMEs are the backbone of the Indian economy. They contribute to GDP growth and create employment for the country. MSME registration can avail a number of benefits including but not limited to government schemes, loans, and grants. But it is a very difficult process. This article highlights the key challenges that companies face while registering … Read more

Latest Update on GST: Popcorn and Used Cars

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GST On Popcorn and Used cars

Recently, updates have been coming in related to GST on Popcorn and Used Cars in India which has generated a lot of debate and clarification regarding tax rates applicable to these day-to-day items. So this post is going to cover the details of Goods and Services Tax (GST) as it applies to popcorn sold in … Read more

Impact of income tax return on indian economy

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tax impact on economy

Filing Income Tax Returns (ITRs) ensures legal compliance, enables tax refunds, and supports financial credibility. ITRs act as income proof, aid in carrying forward losses, and assist in obtaining loans, visas, and government benefits. Timely ITR filing prevents penalties, helps secure insurance, startup funding, and government tenders, fostering financial stability. Why Filing ITRs is Important … Read more