Top 10 Low Investment Business Ideas in India
Party planning or event management Good event management requires business management and leadership skills, as well as a lot of imagination. Parties, ceremonies, honours and felicitations, exhibits, seminars, radio, TV or reality shows, festivals, and other events could all be part of your job as an Event Manager. Medical tour service Health tourism is [...]
Types of Financial Statements
Financial statements are written records that convey the business activities and the financial performance of a company. Government agencies, accountants, firms, etc., often audit these to ensure accuracy and for tax, financing, or investing purposes. Financial statements include: Balance sheet Income statement Cash flow statement Balance sheet It shows the company's assets, liabilities, and [...]
DOCUMENTS REQUIRED FOR GST REGISTRATION
Goods and Services Tax or GST is an indirect tax used in India on the supply of goods and services. It is a destination-based tax and comprehensive because it has subsumed almost all the indirect taxes except a few state taxes. Who should Register for GST? Individuals registered under the Excise, VAT, and Service [...]
NBFC DSA REGISTRATION IN INDIA
NBFC DSA denotes Non-Banking Financial Companies Direct Selling Agents. NBFC DSA Registration refers to the registration of a person working as a referral agent for NBFCs and banks. In rural areas, they are called Business Correspondents. The Direct Selling Agent helps find potential customers for banks or NBFCs they represent. Leads generated forwards to [...]
INCOME TAX LIABILITY, COMPUTATION AND PAYMENT
Income tax is a tax imposed on individuals or entities in respect of the income or profits earned by them. Income tax generally is computed as the product of a tax rate times the taxable income. It can pay under https://www.incometax.gov.in/iec/foportal Who is liable to pay income tax? Any Indian citizen aged below 60 years [...]
TAX DEDUCTED AT SOURCE (TDS)
In India, tax deduction at source (TDS) is a way of collecting taxes from income, dividends, or asset sales. It works by requiring the payer to deduct the tax amount before giving the remaining money to the recipient. Advantages of TDS It prevents people from evading taxes. It ensures a steady source of revenue [...]