GST on maintenance charges in housing societies depends on the monthly amount collected from each member. If the charges are up to ₹7,500 per month per member, they are exempt from GST. However, if the amount exceeds ₹7,500 and the society’s annual…
Gold purchases in India attract GST at 3% on the value of gold and 5% on making charges. In this guide, understand how GST applies to gold jewellery, gold coins, and making charges with simple examples and important rules every buyer should know…
GST on rent depends on whether the property is residential or commercial and whether the tenant is GST registered. This guide explains GST rules, exemptions, and reverse charge mechanism (RCM) with examples…
Freelancers and content creators in India often wonder whether they need GST registration and how GST applies to their income. This guide explains GST rules for freelancers, YouTubers, and influencers, including the ₹20 lakh registration threshold…
Section 24 of the CGST Act makes GST registration compulsory for certain persons even if their turnover is below the threshold limit. Learn who must register under GST with simple examples…
Form 16 is an essential document for salaried employees in India. It shows salary details, TDS deducted by the employer, and helps in filing Income Tax Returns easily. In this guide, understand what Form 16 is, its parts, and why it matters for tax…
House Rent Allowance (HRA) is one of the most important tax-saving components in a salaried employee’s salary. In this guide, understand how HRA works, how HRA tax exemption is calculated, and see a practical salary slip example to learn how much tax…
Discover the top 10 tax saving options for salaried employees in India. Learn how to reduce your income tax legally using deductions like Section 80C, 80D, NPS, HRA, and home loan benefits…
As the financial year ends on 31 March, businesses must review their accounts carefully. This year-end accounting checklist helps ensure accurate financial records, proper tax compliance, and better financial planning…
Income Tax and GST are two important taxes in India but many people confuse them. In this article, we explain the difference between Income Tax and GST in very simple language with practical examples…
