How to Apply for LUT for Exporters: GST Compliance Made Easy
If you are an exporter looking to simplify your GST compliance and save on taxes, applying for a Letter of Undertaking (LUT) is a crucial step. The LUT allows exporters to make supplies of goods or services without paying Integrated Goods and Services Tax (IGST), which significantly improves cash flow and reduces the hassle of […]
What Happens if You Don’t File Your TDS Returns on Time
Late Filing Fees Under Section 234E The most immediate consequence of not filing your TDS returns on time is the imposition of late filing fees under Section 234E of the Income Tax Act. The fee is charged at Rs. 200 per day from the due date until the date of actual filing. This fee continues […]
How Outsourcing Bookkeeping Can Improve Business Efficiency
In today’s fast-paced business environment, companies are constantly searching for ways to streamline operations and maximize efficiency. One key area that often gets overlooked is bookkeeping. While it may seem like a task that can easily be handled in-house, many businesses, both small and large, have found that outsourcing their bookkeeping services leads to significant […]