Claiming an income tax refund is a necessary process that allows individuals to receive back any excess taxes paid to the government. With advancements in technology, the process has become more convenient, enabling taxpayers to check the status of their...
Month: June 2023
What is an Income Tax Notice? An income tax notice is a formal communication issued by the tax authorities to an individual or business entity to provide information, seek clarification, or initiate an audit or assessment process related to their...
The Goods and Services Tax (GST) is a comprehensive indirect tax implemented in India on July 1, 2017, replacing multiple indirect taxes at the central and state levels. The FMCG (Fast-Moving Consumer Goods) sector, one of the largest industries in...
Tax planning is an essential aspect of managing personal and business finances. Individuals and companies often employ a strategy to minimize their tax liability using tax shelters. A tax shelter is a legal method or structure that allows taxpayers to...