GST registration is a mandatory compliance requirement for eligible businesses and professionals in India. Under the GST regime, entities exceeding prescribed turnover limits or meeting specific criteria must obtain registration to operate legally and avoid penalties. Businesses may also opt for voluntary registration to avail various benefits such as input tax credit and interstate trade…
The Employees’ Provident Fund Organisation (EPFO) allows members to withdraw their accumulated Provident Fund (PF) balance at the time of retirement, unemployment, or for specific emergencies. With proper KYC compliance, PF withdrawals can now be completed online through the UAN Member e-Sewa Portal without any physical paperwork. The recently introduced EPFO 3.0 system enhances flexibility,…
Under Section 194-IA of the Income-tax Act, 1961, any person (buyer) responsible for paying consideration for the transfer of an immovable property—such as a house, apartment, building, or land (other than agricultural land)—is required to deduct Tax Deducted at Source (TDS) at the time of payment to the seller. Rate of TDS The buyer must…
Under the advance tax system, income tax is required to be paid during the financial year in which the income is earned, rather than at the time of filing the Income Tax Return. This ensures a steady collection of taxes by the government and reduces the burden of lump-sum payment at year-end. As per the…
When an individual sends money abroad, the transaction may attract Tax Collected at Source (TCS), commonly referred to as foreign remittance tax in India. As per Section 206C(1G) of the Income Tax Act, 1961, banks and other Authorized Dealers (ADs) are required to collect TCS at the prescribed rates at the time of transferring funds…
The National Institution for Transforming India (NITI Aayog) has announced its Recruitment 2026 for a total of 31 vacancies across various positions, including Senior Lead, Senior Specialist, and other roles. Candidates holding qualifications such as a B.Tech/B.E, MBBS, or any master’s degree are eligible to apply for these positions. Interested and eligible applicants must submit…
Excel becomes incredibly powerful when you know the right tools and their shortcut keys. Instead of spending time clicking through menus, shortcuts help you work faster, reduce errors, and handle data more efficiently. From quick calculations and formatting to data analysis and navigation, mastering these Excel tools can significantly boost your productivity and confidence—whether you’re…
Corporate Social Responsibility (CSR) means the commitment of companies to operate responsibly by contributing to social welfare, environmental protection, and sustainable economic development while conducting their business activities. In India, CSR is not just a voluntary business practice—it is a statutory requirement for certain companies under the Companies Act, 2013, making it an integral part…
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