Should you sell goods online in India, on Amazon, Flipkart, Meesho, or even your own website, you have most certainly heard about online sales tax. Still, many home businesses and small vendors find themselves perplexed about it. Rest assured, this guide will simplify the explanation of online sales tax. The Online Sales Tax: When you sell goods or services over the internet in India, you must pay an online sales tax. Currently, we use the Goods and Services Tax (GST) system. Technically, then, online sales tax is just GST applied to your online sales. Should your online sales call for…
Author: Anurag Singh
You must pay property tax whether you own a house, apartment, land, or any other structure in India. Many people have not a clear understanding of its operation. Not to worry; this blog will provide, in the most straightforward manner, all the property tax information you need. Let’s begin. Describe Property Tax Property tax is what you pay your local municipal body to be a property owner. Services including trash collecting, street lights, drainage, and road maintenance make use of the money. Therefore, paying property taxes helps your own city directly. Property Tax Payment Responsibilities Fall to Who? Where Would…
Investing money can feel challenging for many Muslims living in India. People want to follow their religious beliefs as well as increase their fortune. Islamic investment then comes in rather handy. It guides your halal (permissible) investment without violating any Islamic guidelines. Describe Islamic Investment Islamic investment is putting your money to use according to Islamic guidelines, sometimes referred to as Shariah. It stays away from Islamic forbidden practices including: Simple is the aim: make a profit in a halal, fair, and clean manner. Fundamental Guidelines of Islamic Investing Here are some fundamental guidelines if you follow Islamic investment: Popular…
Many Indians are wondering one fundamental question as we delve further into the year: what are the best investments 2025 presents? Smart investment decisions are more important now than ever, in view of changing markets, increasing inflation, and new technologies. Let us review some of the best choices you could take into account this year. Why would investing in 2025 be a smart timing? Therefore, if you make good plans, 2025 can be a year of very notable financial expansion. Indian Investors’ Best Investments 2025 These are the top choices for the best investments in 2025 across several categories and…
Paying taxes can be perplexing. Tax laws vary regardless of your position—salaried, freelancer, small business owner, or otherwise. Because of this, more Indians are seeking assistance from tax accounting services. Let us examine the nature of these services and their significance. Definitions of Tax Accounting Services Services in tax accounting assist you to handle all aspects of your income tax, GST, TDS, and other tax-related obligations. Professionals including tax consultants or chartered accountants (CAs) provide these services. Their responsibility is to ensure you: Who Requires Tax Accounting Services? Tax accounting services can assist you even if you are submitting ITR…
Every investor wants only the best ROI. Return on Investment, or ROI, shows your profit margin relative to your initial outlay. With so many choices in India, though, where would you really find the best ROI? Let’s clarify: ROIs: What is it? ROI = (Profit / Investment) × 100 Illustration: Should you invest ₹1,00,000 and get ₹1,20,000, your profit is ₹20,000.Your ROI thus is:(20,000 / 1,00,000) × 100 = 20%.More profit corresponds with a better ROI. Currently available best ROI options in India: These are some known to have the best return on investment: How Should One Select the Best…
India is starting to see popularity with cryptocurrencies. These days, lots of people buy Bitcoin, Ethereum, and other digital coins. But things can get perplexing when it comes time to pay taxes. Filing crypto taxes is something you need to be aware of if you have cryptocurrency profits. Allow me to simplify it rather broadly. Is Indian crypto income tax liable? Indeed, exactly. Any income you make from selling cryptocurrencies is taxable per the new government regulations (since 2022). You should thus investigate filing crypto taxes whether your income came from selling, trading, or gifting cryptocurrencies. How does the Crypto…
Most of us do every year: file income tax. Many, however, are unaware that the government allows one to actually get money back-off-set. We term this a tax return refund. Should you pay additional taxes, the government reimburses them to you; only if you properly file your return will this be done.Let’s figure out how it works and how fast you might be refunded. Refund for a Tax Return? The extra money you get back upon paying more taxes than required is known as a tax return refund. This might result from: Filing your income tax return is the only…
Many Indians save money in mutual funds, stocks, gold, and real estate. Jab bhi aap in assets ko bechte hai, toh us par capital gains tax lagta hai. The good news is, however, that there are legal means of avoiding capital gains tax.Let’s figure out how you might easily save this tax. Describes Capital Gains Tax here The tax you pay on the profit from selling an asset is capital gains tax. As one example: Two kinds exist: Legal Strategies to Minish Capital Gains Tax These simple and legal strategies will help you save on this tax in India: Points…
Small businesses run from homes are rather common in India these days. Whether your arrangement is run any other way, freelancer, tutor, online seller, or run-through home business tax deductions should be known about. When you file your income tax, these will enable you to save money. Let’s dissect it the simplest way we can. What deductions from home businesses are there? Before computing your tax, home business tax deductions are expenses you can write off from your income. These cover running your company from home expenses. As an instance: You only pay tax on ₹4,00,000 if your home business…
