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GST

Restaurants under the GST Composition Scheme

estaurants under the GST Composition Scheme

The GST composition plan is a method of paying taxes available to small enterprises. The composite scheme offers two key advantages over standard GST filin...

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GST

Margin scheme under G.S.T

Margin scheme under G.S.T

G.S.T. is levied on the transaction value, which refers to the price that is paid or due for goods and services. However, under this scheme, the G.S.T. is...

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Digital Lending

Documents required for money lending license

Documents required for money lending license

If an individual is considering starting a money lending business in India , obtaining a license is necessary! This license is an absolute necessity to ens...

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NBFC

Transactions in the Government Securities by NBFCs

Transactions in the Government Securities by NBFCs

Transaction in government securities refers to any buying or selling of government-issued securities. Government securities, usually referred to as governm...

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RBI

Clarification on – DAKSH, Reserve Bank’s Advanc...

Clarification on – DAKSH, Reserve Bank’s Advanced Supervisory Monitoring System (e-PRISM)

The Reserve Bank of India has been taking several steps to increase supervision, including adopting the most recent data and analytical tools and utilizing...

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NBFC

Accounting of Investments by NBFC

Accounting of Investments by NBFC

Non-Banking Financial Companies (NBFCs) are obligated to record and report their investments in accordance with particular accounting rules and norms. The...

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Income Tax

When and How to Pay Income Tax on Fixed Deposit’s Int...

When and How to Pay Income Tax on Fixed Deposit’s Interest Income

Income Tax is that form of Direct Tax imposed by the government on the annual Income either generated by Individuals or business entities. A share is calcu...

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Income Tax

Capital Gains Tax & What is Capital Gains Tax in In...

Capital Gains Tax & What is Capital Gains Tax in India, Types, Tax Rates, Calculation, Exemptions & Tax Savings

Any profit or gain arising from the sale of a 'capital asset' is known as 'income from capital gains'. Capital gain is taxed in the year in which the capit...

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