The Goods and Services Tax (GST) regime in India has brought various concepts to standardize indirect taxation, two of which are Mixed Supply and Composite Supply. These terms might sound similar but have distinct meanings and implications under GST. Correctly categorizing supplies is crucial, as it impacts the applicable tax rates and compliance. Principal Supply: This refers to the good […]
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Introduction Types of assessment under income tax act – Income tax filing service, the course of assessment of ITR by the Income Tax Department is classified “Assessment”. The assessment likewise incorporates re-assessment and best judgment assessment under section 147 and 144 separately and the diverse sort of income tax assessment. Types of Income Tax Assessment: Self-Assessment – u/s 140A Summary […]
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The private limited company registration in mandatory in the present era; since, a business organization is a company that makes, buys, or sells goods or services in exchange for money. Simply put, a company is a mode of doing business. Your business setting needs to be well considered and most importantly decide what type of business structure or vehicle to […]
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