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More Blog Posts
Page: 11
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Venture capital
Venture capital trends in 2024 focus on innovative approaches fueled by fast data analysis and sustainable investing. Embracing technology, diversification, and cryptocurrency, investors seek impactful solutions. These trends reflect a dynamic landscape poised for growth and adaptation, driven by a constant pursuit of knowledge and opportunity.
Published on: Tue May 28 2024
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The Indian textile Industry - An overview
India has a long history in textiles, facing challenges like colonialism. But with government help, it's growing strong. The industry is important for India, providing jobs and boosting the economy. Textile industry is one of the significant parts of the Indian economy.Textile industry provides lots of jobs after agriculture.From traditional handloom to big factories,it combines old and new ways of making textiles.This industry support families,keeps old tradition alive ,and helps india compete globally. In this article,we will explore India's textile industry history,talk about important companies in the industry,and look at how the textile sector is doing now.
Published on: Tue May 28 2024
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Public vs Private vs LLP Company
This article explores three common business structures in India: Private Limited Companies, Public Limited Companies, and Limited Liability Partnerships (LLPs). It highlights their characteristics, advantages, and disadvantages, helping entrepreneurs make informed decisions. Private Limited Companies offer control and limited liability, while LLPs provide flexibility and shared responsibility. Public Limited Companies offer access to capital but come with stricter regulations. Understanding these options aids entrepreneurs in selecting the most suitable structure for their ventures.
Published on: Mon May 27 2024
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Direct vs Indirect tax
This paper explores India's tax system, covering both direct and indirect taxes managed by central and state governments. Direct taxes, like income tax, are paid straight to the government, while indirect taxes, such as GST, are collected through goods and services. The discussion outlines the nature, advantages, disadvantages, and distinctions between these tax types, underscoring their importance in national development and economic stability.
Published on: Fri May 24 2024
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Corporate Tax
India's corporate tax system encompasses rates for domestic and foreign companies, with provisions for deductions and rebates. The Minimum Alternative Tax (MAT) ensures companies pay taxes regardless of deductions. The Dividend Distribution Tax (DDT) previously taxed shareholder dividends but was abolished in 2020 for simplification.
Published on: Thu May 23 2024
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Financial inclusion in India
India's pursuit of financial inclusion through schemes like Pradhan Mantri Jan Dhan Yojana aims to ensure access to banking services for all, particularly marginalized groups. Empowering women financially, enhancing digital payment systems, and leveraging fintech post-demonetization are key strategies to foster economic participation and mitigate poverty across diverse socioeconomic backgrounds
Published on: Wed May 22 2024
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Evolution of accounting practices in India
India's accounting history reflects its evolution from ancient practices like Bahi-khata to modern innovations. Despite colonial influences, India preserves its unique heritage while embracing technology. The future holds promise with advancements like AI and blockchain, ensuring continued growth and success.
Published on: Tue May 21 2024
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The Institute of Chartered Accountants of India (ICAI)
The Institute of Chartered Accountants of India (ICAI) oversees and regulates the accounting profession in India. Established in 1949, it administers rigorous Chartered Accountancy courses and ensures high standards of professionalism. Despite challenges like technological advancements and stakeholder expectations, ICAI remains committed to fostering economic growth through global alignment and expertise, maintaining transparency and credibility in its operations.
Published on: Tue May 21 2024
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GST AND AGRICULTURAL PRODUCTS
The Goods and Services Tax (GST) system in India has reduced taxes on farming essentials, making it cheaper for farmers to buy fertilizers and machinery. This boosts crop yield, farmer income, and overall agricultural growth, benefiting both farmers and consumers.
Published on: Tue May 21 2024
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GST AUDIT AND PENALTY
This blog explains the necessity and procedures of GST audits in India for businesses with turnovers exceeding 2 crores. It outlines the types of audits, objectives, and penalties for non-compliance, offering essential insights for taxpayers unfamiliar with GST audits, and ensuring adherence to regulatory requirements.
Published on: Mon May 20 2024
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GST Compliance
The Goods and Services Tax (GST) implemented in India since July 1, 2017, has reshaped the country's business landscape. This tax amalgamates several previous taxes, aiming to streamline taxation processes. While businesses face compliance challenges like late filing penalties and vendor non-compliance, strategies such as setting filing reminders and employing e-invoicing can mitigate these issues. GST compliance offers benefits such as simplified taxes, tax credits, and easier business operations. Despite sector-specific impacts, GST holds promise for facilitating business and economic growth in India.
Published on: Sat May 18 2024
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Impact of digital payments in India
Digital payments have revolutionised how money moves in India, offering convenience and efficiency. From smartphones to banking cards, various methods facilitate transactions, transforming financial interactions. With the rapid adoption of systems like UPI, digital payments have seen remarkable growth, empowering individuals and driving economic progress. However, challenges like rural infrastructure and cybersecurity persist, necessitating concerted efforts for inclusive and secure digital finance. Despite hurdles, the trajectory of digital payments in India promises continued expansion and innovation for a brighter financial future.
Published on: Thu May 16 2024
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