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Taxation
Input Tax Credit (ITC) in GST: Eligibility & Claims
Introduction The Input Tax Credit (ITC) mechanism under the Goods and Services Tax (GST) is one of the most beneficial features for businesses. It allows taxpayers to claim credit for the tax paid on purchases, thereby reducing the overall tax…
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Government Schemes & Benefits
Tax Exemption Under Section 80-IAC: A Complete Guide for Startups
Introduction Startups in India play a crucial role in driving innovation and economic growth. To support them, the Government of India has introduced various tax incentives, one of the most significant being Section 80-IAC of the Income Tax Act. This…
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Starting-A-Business
Difference Between LLP and Private Limited Company: Which is Better?
Introduction When starting a business in India, one of the key decisions is choosing the right business structure. Two of the most popular options are Limited Liability Partnership (LLP) and Private Limited Company (Pvt Ltd). While both provide limited liability…
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Government Schemes & Benefits
Benefits of Startup India Certificate: Why Your Startup Needs It!
Introduction Starting a business in India comes with challenges, but the Startup India Initiative has made it easier for entrepreneurs to launch and scale their ventures. The Startup India Certificate offers several benefits that can help startups grow faster by…
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