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Difference between Professional Tax and TDS

Difference Between Professional Tax and TDS

Understanding professional tax (PT) is crucial for SMEs for several reasons. It ensures compliance with local tax laws, impacts payroll management, and supports proper financial planning and tax...

Nov 12, 2024 by admin

GST Input Tax Credit

GST Input Tax Credit: Maximizing Tax Benefits

Goods and Service Tax (GST) is a comprehensive indirect tax levied on India's production, distribution, and use of products and services. The Input Tax Credit (ITC) is a way to prevent tax cascades....

Jul 11, 2024 by admin

Tax Collected At Source

Tax Collected At Source (TCS Tax)

Tax collected at source is a type of tax that a buyer has to pay to the seller while they are exchanging goods. The TCS tax is to be paid by the seller, so, they collect it from the buyer of the...

Oct 03, 2022 by admin