Why meticulous financial record-keeping is crucial for businesses in India, highlighting its legal mandates, benefits and the broader impact on businesses and the economy.

If you find yourself scrambling to gather documents and fill out forms as the deadline looms, you're not alone. Here are some last-minute tax tips for procrastinators in India to help you get through the process smoothly and avoid any penalties.

As the tax season approaches, a common question that many individuals ask is, "Should I file my Income Tax Return (ITR) if my income is less than Rs 7 lakh and I owe no tax?". Let’s delve into why filing your ITR is a smart move, even when you’re not required to pay any tax.

Setting up a business involves more than just having a great idea and a plan for execution. One of the crucial decisions entrepreneurs face is determining the legal structure of their enterprise. This decision not only affects how the business operates but also impacts its taxation, liability, and overall growth potential. In this guide, we'll explore various business structures, discuss the interlinking factors between them, and offer guidance on choosing between LLP and Partnership.