Introduction India’s Union Ministry of Law and Justice enacted the Finance Act 2022 following the Presidential assent on 30th March 2022 regarding the Budget Plans (2022) for fiscal and direct/indirect taxes relevant to the financial year (FY) 2022-23 or assessment year (AY) 2023-24. On 1st February 2022, Union Finance Minister Nirmala Sitharaman tabled the Budget …
Read MoreIntroduction Under the E-Invoice system, you, as a taxpayer, must register your Goods and Services Tax (GST) bill on the Invoice Registered Portal (IRP). The IRP will give each invoice a distinctive Invoice Registration Number (IRN). The IRP will send the invoice’s details to the official website and e-way bill (EWB) platform in real time. …
Read MoreDelhi is India’s capital and one of the largest cities in the world. With new start-ups emerging here every day, it has become one of the most attractive destinations for job seekers in India. Getting a small business loan has become easier if you are trying to start your business or expand your existing one. …
Read MoreIntroduction Loans and businesses are strongly linked. Almost all firms need a loan to grow or keep things running smoothly. Firms with varying needs might pick from a variety of options. A firm must choose loans wisely to guarantee that its demands are met as quickly as possible. Working capital loans and term loans are …
Read MoreYou required a small business loan, so you compared the various terms and loan rates provided by numerous lenders, selected the best option that suits your needs, went through the entire hassle of documentation, strived through the application process, and finally succeeded in getting one. Seems like the toughest battle won. Isn’t it? However, the …
Read MoreConcept of Bad Credit Lousy or bad credit refers to a situation when people are unable to write off their loans by repaying them in time. This can result in a fall in their credit score, which is an overview of the financial standing of a person. To understand it further, a credit score is …
Read MoreYou applied for a business loan with a particular target in mind and, after undergoing all the hassle, even succeeded in getting one. Once you were ready and all set with the newly acquired funds in your account, you implemented various changes that your business required. However, a few months later, you realised that things …
Read MoreIntroduction Business loans are always the preferred option of every business person nowadays. Rather than dipping into personal funds, they prefer business loans. Whether to meet day-to-day office expenses or for business expansion, a business loan is a one-stop solution. The business loan in India is designed especially for manufacturers, self-employed, traders, entrepreneurs, and many …
Read MoreIntroduction There are many pros and cons to refinancing your debt, but most people only realise this once they’ve already refinanced their debt. Refinancing should be a thoughtful decision, not rushed. Before taking action, you should consider the pros and cons of refinancing your debts to make good decisions that will make you happy. Debt …
Read MoreA three-digit number represents your credit report, called a “CIBIL Score” in India; it is linked with your Income Tax Permanent Account Number (PAN). Three hundred is the lowest possible CIBIL Score, and 900 is the highest. Therefore, the closer your CIBIL score is to 900, the better it is. However, if your credit score …
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