HSN code refers to the ‘Harmonised System of Nomenclature.” This system was introduced across the world to classify goods systematically. This code is nothing but a uniform code of six…
Loans and Advances both share the virtue of acquiring capital via the use of finance, with loans often being for a longer length of time and a defined purpose. When…
Key Takeaways What is GSTIN? GSTIN stands for Goods and Services Tax Identification Number. It is a unique 15-digit alphanumeric identifier assigned to every taxpayer registered under India’s GST system,…
Impact of Elections On Businesses in 2024 General elections in India typically impact businesses in several ways, as they introduce a period of uncertainty and potential policy changes. Here are…
Handicraft industries have long served as the backbone of India’s rural economy. The handicrafts sector is crucial to the Indian economy because it is one of the nationwide job creators…
Capital Gains Tax Capital gain is defined as a profit earned by making a sale of any of the capital assets. The profits earned through capital gains are calculated as…
Video KYC was introduced by the Reserve Bank of India (RBI) to enhance the customer identification process while opening a bank account. Either KYC Registration Agencies or Micro-ATMs initiate this…
With the approval of the Production-Linked Incentive (or PLI) schemes for the textile sector, the Indian government aims to boost the production of manufacturing and exporting garments and technical textiles…
TCS, or tax collection at source, is a feature of the Indian Income Tax Act. A specific tax percentage must be collected from the buyers of extraordinary transactions under these…
Key Takeaways What Is A TAN? TAN stands for Tax Deduction and Collection Account Number. It is a 10-digit alphanumeric identifier assigned by the Income Tax Department of India to…
