Category: Tax
Essential Guide to Filing FLA Return for FY 2023-2024
The Reserve Bank of India (RBI) has extended the deadline for filing the Foreign Liabilities and Assets (FLA) Return for the financial year 2023-2024 to July 31, 2024. This extension offers a crucial reprieve for entities dealing with foreign investments, ensuring they have adequate time to comply with regulatory requirements. As a top NRI tax […]
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5 Benefits of Filing Your ITR Before the Deadline
Filing your Income Tax Return (ITR) well before the 31st of July, 2024 is not just a legal obligation but also a strategic move that offers numerous benefits. Early filing can help you secure faster refunds, avoid penalties, and maintain better financial planning Faster Refunds One of the most compelling reasons to file your ITR […]
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Know When You Can Claim ITC On a New Business Vehicle
If you are considering to purchase of a vehicle for your business, understand when ITC is allowed or blocked to make an informed decision. In this blog, we’ll explore the nuances of ITC eligibility for motor vehicle purchases, focusing on seating capacity and the purpose of purchase. What is Input Tax (ITC) Input Tax Credit […]
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Turning Rent into Revenue: Smart Tax Strategies for Real Estate Investors
The real estate market has notably surged in the last couple of years, especially the affordable segments of it capturing the interest of various investors, including NRIs and HNIs. Today, as it becomes common to own multiple properties, a pertinent question arises: how is the income from these properties taxed? Is it taken as business […]
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Consult for Hassle-Free NRI Income Tax Returning Solutions
Non-resident Indians (NRIs) often find themselves juggling complex tax obligations across multiple jurisdictions. Managing these tax compliance can be challenging without expert guidance. As Laabdhi, your trusted NRI tax consultants, we are here to simplify these complexities and ensure you remain compliant with all relevant tax laws. Key Tax Provisions You Should Know Section 5(2) […]
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How to ensure that the proper amount of tax has been paid
Income tax is a complex subject. It is something that most earning individuals have to deal with in their lifetime. Yet many of them struggle with the concept and the procedure of it. There are several taxation services in Mumbai to help you with it. Knowing the right amount to pay for a financial. A year […]
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REASONS TO OUTSOURCE ACCOUNTING SERVICE TO HAVE A SMOOTH TAX RETURN
The end of every financial year is accompanied by widespread panic among the masses regarding their tax filings. Whether you are an employed individual or run a company of your own, keeping track of your finances is not a mean feat. Recently, accounting outsourcing companies in Mumbai have gained immense popularity. Such firms can help […]
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Preparing for Month-End- Here’s What You Need to Know
Month-ends are a matter of headache for almost everybody. Irrespective of whether you are a working professional or own a business of your own, the end of every month throws a lot of challenges. When it comes to effectively handling the financial aspect of a month-end, you can hire the best accounting services in Mumbai to ensure […]
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Getting the Right Solution to Your Business Needs
Maintaining accurate financial transactions in a streamlined and organized way is essential for the smooth and efficient functioning of the business. It reduces risk, optimizes utilization of the resource, as well as maximizes profit. Accounting plays a pivotal role in business, tracking income and expenditure, and complying with statutory regulations. It also provides crucial information […]
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GST Evaders Set To Face Stricter Scans
The govt. is keen on catching the GST evading business and entities, as is evident from the latest developments. The Legal provisions on GST are being made more stringent and evasion proof for this. The GST authorities are now going to obtain the bank account details belonging to the brands and entities to check their […]
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