This is the process where individuals or entities report their income, deductions, and tax liabilities to the government. It's an annual obligation for taxpayers to file their income tax returns with the Income Tax Department, ensuring compliance with tax laws.
A tax audit is an examination of a taxpayer's financial information to ensure accuracy and compliance with tax laws. It's usually conducted by a qualified accountant or tax professional to assess the taxpayer's financial records and transactions.
TDS is a tax collection mechanism where tax is deducted at the source of income itself. TDS return filing involves reporting the details of tax deducted at source by the deductor to the Income Tax Department. It's mandatory for entities deducting TDS to file TDS returns periodically.
Professional tax is a state-level tax imposed on individuals and entities engaged in professions, trades, and employment. PT return filing involves reporting and paying professional tax dues to the respective state government. It's mandatory for professionals and businesses liable to pay professional tax.
This involves the creation of legally binding documents that outline the terms and conditions agreed upon by parties involved in a transaction or relationship. These agreements and contracts can cover various aspects such as employment, partnerships, business transactions, and more.
Business financing refers to the process of acquiring funds to start, operate, expand, or acquire a business. It includes various sources of funding such as loans, equity investment, crowdfunding, and grants. Effective business financing is essential for sustaining and growing a business.
This involves facilitating communication and interaction between businesses or individuals and government departments or agencies. It includes activities such as obtaining licenses, permits, approvals, and addressing regulatory compliance issues. Liaisoning ensures smooth interaction and compliance with government regulations.
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