Online vs Offline Billing Software Advantages for Your Business
Introduction
Billing software whether online or offline has certain advantages that are in common. Although there are advantages and disadvantages of both. Billing software is...
Understanding Section 80IA of the Income Tax Act: Eligibility, Benefits, and Sectors Covered
Section 80IA of the Income Tax Act: An Overview
Section 80IA of the Income Tax Act, 1961 is a provision that provides tax benefits to...
Empowering India’s Senior Citizens: The Government’s Pension Scheme
Introduction
In a rapidly aging world, it is crucial to ensure the well-being and financial security of senior citizens. In recognition of this, the Government...
Section 12AA of the Income Tax Act: FAQs
Section 12AA of the Income Tax Act: An Overview
Section 12AA of the Income Tax Act, 1961 lays down the procedure for registration of a...
Ayushman Bharat Scheme: Revolutionizing Healthcare Access in India
Introduction:
The Ayushman Bharat Scheme, also known as Pradhan Mantri Jan Arogya Yojana (PMJAY), is a flagship healthcare initiative by the Government of India. Launched...
Understanding Section 80U of Income Tax Act: Benefits and Eligibility
The Indian Income Tax Act has several provisions for taxpayers who have disabilities. One such provision is Section 80U of the Income Tax Act,...
Section 44AD of Income Tax Act 1961 – A Simplified Guide for AY 2016-17
The Income Tax Act, 1961 is the governing law for taxation in India. Section 44AD of the Act is a special provision that applies...
The Role of Indirect Taxes in Revenue Generation and Economic Regulation
What is Indirect Tax?
Indirect Tax refers to a tax levied on goods and services, as opposed to direct taxes that are imposed on income...
Understanding Section 10(24) of the Income Tax Act: Tax Exemption for Income of Minor...
Section 10(24) of the Income Tax Act provides for an exemption of income earned by minor children from certain sources. This section is especially...
Section 112A of Income Tax Act: Understanding the Basics of Taxation on Long-Term Capital...
Understanding Section 112A of Income Tax Act
Section 112A of the Income Tax Act was introduced in 2018, and it deals with the taxation of...