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Showing posts from May, 2023

Learn Why and How to Get the GSTIN Number

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Get Your GSTIN Number In A few Clicks When filling up the GST registration form there are several steps you need to follow. Usually, residents of Durgapur seek help from a tax consultant in Durgapur to execute the registration process flawlessly. Before going into the steps let’s look at the reasons for registering for GST. These are: Best Income Tax Consultant in Durgapur Legal Recognition: If you are registering for GST your business gets recognition from the government. With that, you also get the certificate for the GST registration and GSTIn number which is specific to your business. The major benefit of this is you get to participate in inter-state trade.   Compliance with the law: If you have your business registered with GST, you can avoid legal issues associated with non-compliance. BusinessExpansion : When registered with GST, you can work and collaborate on big projects with large organizations or even government projects. This is because they usually prefer to work

Uncover the Benefits of Paying Taxes to the Government

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Paying Tax has These Direct and Indirect Positive Effects Filing taxes is a fundamental duty of any individual or organization whose annual income or turnover exceeds the mentioned threshold. The harsh truth here is that even if there are no benefits you are obliged to pay taxes if you are liable for it. But still, there are a handful of benefits to paying taxes. And, citizens who are liable to pay taxes should always consult with a tax consultant in Durgapur (if you are a resident of Durgapur).  Having a Liable Record When you pay taxes you will have a consistent record that you are living in the country with a clear record. When you are paying taxes it is recorded in the government records and which is useful for several purposes. If you are from any other country and planning to stay in India, you are liable to pay taxes if your income exceeds the mentioned threshold.  Personal Benefits There are several personal benefits of paying taxes, and let’s uncover those. Migration t

Save More On Your Hard-Earned Money with the Right Tax Consultant

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Maximize Tax Savings with a Tax Consultant in Durgapur Every individual whose income exceeds the basic exemption limit is liable to pay taxes in India. This limit is set by the government and anyone whose annual income is more than the total gross income of ₹ 2,50,000 (as per the old regime) and ₹ 3,00,000 (as per the new regime) has to pay tax based on the rate set by the government. An individual can reduce the amount of tax payable by using strategies to shrink their taxable income and use the tax deductions and credits wisely. Seeking advice from a tax consultant in Durgapur can help you plan your taxes proactively and dig out opportunities to maximize your tax savings. Filing your tax deductions can be daunting for someone who does not have enough knowledge about the terms set by the government. On the other hand, when you hire a tax consultant, you ensure that your tax filing is in the hands of someone who does that professionally. Qualified tax agents can help you