Avoiding a tax audit is frequently a matter of being careful, organized, and following the regulations established by tax authorities. Here are expert recommendations to help you avoid getting a tax audit: Be Honest and Accurate Report all sources of income, including salary, freelance income,...
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The Indian government has changed the Goods and Services Tax (GST) regime. Goods and Services Tax (GST) is a comprehensive indirect tax system in India that was implemented in July 2017 to replace other taxes such as VAT, Excise Duty, and Service Tax. GST is charged on the supply of goods and servic...
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Blockchain records information that makes the system impossible or difficult to update, hack, or manipulate. A blockchain is a distributed ledger that copies and distributes transactions across the network of computers participating in the blockchain. The technology’s unique structure and prop...
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India’s tax system is set to undergo a significant transformation with the introduction of the Direct Tax Code (DTC) 2025. Designed to replace the Income Tax Act of 1961, the DTC seeks to simplify and update the country's tax structure. After many delays, the government has announced that ...
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Tally Prime 5.0 introduces several new features designed to enhance user experience and streamline business processes. Tally Prime Default TDL A new feature of Tally Prime Developer Release 5.0 is the addition of Connected GST code. Progress Bar has been enhanced and Stripe View has...
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Pensioners have several tax-saving options available to reduce their taxable income and save money on taxes. Here are some common choices: 1. Tax-Advantaged Accounts Individual Retirement Accounts (IRAs): Traditional IRAs offer tax-deferred growth, and contributions may be tax-deduct...
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