Overview Understanding how to calculate total income is fundamental for individuals and businesses to ensure proper tax reporting and compliance. Total income, often referred to as gross income, is the aggregate of all taxable income a person or entity earns…
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Overview As cryptocurrency continues to gain traction in the financial markets of India, understanding the tax implications associated with trading and selling these digital assets becomes crucial. FinBizz provides an extensive analysis of how Capital Gain Tax applies to cryptocurrencies…
Overview The Income Tax Act of 1961 is a comprehensive statute that governs the taxation of individual and corporate incomes in India Established to consolidate and amend the law relating to income tax and super tax, the Act came into…
Overview Dividends represent a fundamental component of investment income, rewarding shareholders with a portion of a company's profits. With recent shifts in tax legislation, particularly the abolition of the Dividend Distribution Tax (DDT) in 2020, understanding how dividends are taxed…
Overview Self-employed individuals, including business owners, professionals, and freelancers, face unique challenges and opportunities when it comes to managing their income taxes. Unlike salaried employees, who have taxes withheld from their paychecks, self-employed individuals must take a proactive approach to…
Overview Filing income tax returns online has been simplified by the Income Tax Department of India through its e-filing portal. This digital platform allows taxpayers to file their returns, check their refund status, raise queries, and perform various other tax-related…
Overview GST (Goods and Services Tax) is a comprehensive, multi-stage tax on the sale of goods and services, implemented to streamline the complex tax structure in many countries, including India. GST registration is mandatory for businesses meeting specific criteria, such…
Overview The National Small Industries Corporation (NSIC) is a Government of India enterprise under the Ministry of Micro, Small and Medium Enterprises (MSME). NSIC has been set up to promote and support MSMEs by providing integrated support services encompassing Marketing,…
Overview Startup registration is a critical step for new businesses aiming to operate within the legal frameworks of their respective countries This process not only legitimizes a business but also opens a myriad of opportunities for entrepreneurs, including access to…
Overview Micro, Small, and Medium Enterprises (MSMEs) form the backbone of most economies, particularly in developing countries These enterprises are crucial for economic growth, innovation, and employment. MSME registration, often referred to as Udyam Registration in India, is a certification…
