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 [...]

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 [...]

An audit is an official check of an organization's accounts by an independent body to ensure departments are following a documented system for recording transactions. Importance of Audit It helps in the detection and prevention of errors and fraud. Helps in maintaining the records and verification of books of the books of accounts. Provides [...]

It is a government registration for MSMEs providing them with a unique Identity Number and a recognition certificate, to certify them as micro/small/medium enterprises. What are the benefits of Udyam Registration? Interest rate Subsidy on Bank loans. Collateral free loans from banks. Direct tax laws rules exemption. NSIC performance and credit rating fees subsidy. [...]

What is ONDC ( Open Network for Digital Commerce )? ONDC is a government initiative to promote open networks for all aspects of the exchange of goods and services over digital networks. ONDC seeks to achieve something similar for e-commerce. It aims to “democratize" digital commerce, moving it away from platform-centric models like Amazon [...]