Taxation
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Understanding India’s New Tax Regime vs. Old Tax Regime: Which is Better for Small Businesses? (FY 2025-26)
Introduction For entrepreneurs and small business owners in India, tax planning can be both daunting and crucial. With two income tax regimes available—the Old Tax Regime and the New Tax Regime—it’s natural to wonder: Which one should you choose? This…
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Why You Should File Your ITR — Even If You’re Not Mandated To
When most people hear “ITR filing,” they assume it’s only for people who earn big money or run businesses. But here’s the truth: filing your Income Tax Return (ITR) is beneficial for every responsible individual, regardless of how much you…
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GST Composition Scheme – A Simple Tax Option for Small Businesses
If you run a small business, you know how overwhelming tax compliance can get—frequent return filings, multiple tax rates, and loads of paperwork. That’s where the GST Composition Scheme comes in. It’s a simplified tax option under the GST system,…
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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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