Tag Archives: #TaxationWebinar

GST compliance in India?

  GST Compliance in India GST Compliance, In India, when we talk about GST compliance, it means abiding by the guidelines and regulations established by the Goods and Services Tax (GST) system, which has been implemented by the Government of India: Good and service Tax Registration: Businesses that meet the prescribed turnover threshold are required… Read More »

What is Section 194Q of Income Tax Act?

Introduction The Finance Act 2021 introduced Section 194Q of the Income Tax Act to regulate tax deduction at source (TDS) on the purchase of goods. The provision came into effect on July 1, 2021, and aims to enhance tax compliance, prevent tax evasion, and widen the tax base. This article delves into the meaning, applicability,… Read More »

What is the difference between TDS vs TCS?

      User Intent People searching for “TDS vs TCS” want to understand the fundamental differences between Tax Deducted at Source (TDS) and Tax Collected at Source (TCS). They may be business owners, accountants, finance students, or individuals looking to comply with tax laws. This guide provides a step-by-step breakdown to clarify these two… Read More »

What is referral income and how is it taxed in India?

What is referral income and how is it taxed Referral income refers to the commission or incentive received by an individual for referring someone or a business to another individual or company. Referral income form of income is commonly earned by professionals in the sales or marketing field and it is taxed. To visit https://www.gst.gov.in/… Read More »