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Income from other sources is taxed at the applicable slab rate, as per the income tax laws. However, certain incomes may be exempt from tax or subject to a lower tax rate, as per the provisions of the Income Tax Act, 1961 (I.T. Act, 1961). It includes income that is…

Form 15G and Form 15H are used to save TDS (Tax Deducted at Source) on interest income earned by individuals. TDS is a tax deducted by the payer (bank or financial institution) on the interest paid to the individual. Form 15G is used by individuals below 60 years of age,…

If you are interested to create a newspaper, magazine, or news website in Jaipur, Rajasthan, India, you must first register with the Registrar of Newspapers for India (RNI). RNI registration is required for all publications in India and is mandated by the Press and Registration of Books Act, 1867. In this…

Non-Governmental Organizations (NGOs) play a crucial role in socio-economic development, education, and welfare activities across India. To operate legally and receive funding from the government, NGOs must register with the appropriate authorities. The process of NGO registration in Rajasthan is simple and straightforward, provided the organization meets the eligibility criteria.…

The Goods and Services Tax (GST) Composition Scheme is a tax scheme that provides relief to small businesses by allowing them to pay a fixed percentage of their turnover as tax instead of the regular GST rates. However, businesses must comply with all the rules and regulations of the scheme…

Capital gains tax is a tax levied on the profit earned from the sale of a capital asset. Such as property, stocks, mutual funds, and other investments in India. The capital gains tax is calculated based on the difference between the sale price and the cost of acquisition of the…

On July 1st, 2017, India implemented the Goods and Services Tax (GST) to unify the country's indirect tax structure. The Goods and Services Tax (GST) is a value-added tax applied on products and services used in India. It was designed to replace other indirect taxes such as excise duty, service…

Goods and Services Tax (GST) was introduced in India on July 1st, 2017, to unify the country's indirect tax system. GST is a value-added tax levied on goods and services consumed in India. It replaced various indirect taxes like excise duty, service tax, and value-added tax (VAT). Any business, individual,…

If you are looking to start a business in Jodhpur, one option you may consider is setting up a Nidhi company. Nidhi companies are financial institutions that are similar to credit unions, which serve the needs of their members by providing them with loans and other financial services. In this…

Bikaner, a city in the state of Rajasthan, has become a hub for entrepreneurship in recent years. With its strategic location, favorable business environment, and abundance of resources, the city has attracted a significant number of startups and established businesses. One of the most popular business structures for companies in…