Section 80CCG of Income Tax Act

Tax-saving sections change over time, and relying on obsolete information when planning your investments may result in missing out on deductions that are still available. Sharda Associates has created...

How to Calculate TDS on Salary: Step-by-Step Guide

TDS on salary is the income tax deducted by an employer before paying salary to an employee. Unlike many other TDS provisions, salary TDS is not deducted at one fixed percentage. The employer...

Accounting Services That A Small Business Should Have

Running a small business in India requires more than just selling and operating. Accounting services for small businesses are critical to ensuring financial stability, tax compliance, and long-term...

What is a CMA Report? Meaning, Format, and Why Your Bank Needs It

You’ve probably heard of the term “CMA Report” if you’ve ever asked for a term loan, working capital limit, or credit facility from an Indian bank. It is frequently the single...

Faceless Tax Assessment in India: Process and Notice

A faceless tax assessment allows the Income Tax Department to examine a taxpayer’s return, income, and supporting documents through an online system. Taxpayers generally communicate through the Income...

What Is PMEGP? Eligibility, Subsidy and Loan Process

MEGP can help eligible entrepreneurs start a new manufacturing or service business with bank finance and government margin-money subsidy. However, the subsidy is not an instant cash payment, and...

What Is CIBIL Score? Meaning, Range and Loan Impact

A CIBIL score helps a bank understand how responsibly you have managed loans and credit cards in the past. It is one of the first checks lenders may perform when you apply for a personal, home...

Types of GST: CGST, SGST, IGST & UTGST Explained

Charging the correct type of GST is important for every registered business. Whether an invoice should contain CGST and SGST, CGST and UTGST, or only IGST depends mainly on the supplier’s location and...

What Is GST & It’s History

Almost everyone in India experiences GST on a daily basis, whether on a restaurant bill, a mobile recharge, or an online order, yet few are aware of how long it took for this “One Nation, One...