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#406 – Understanding ICDS (Income Computation and Disclosure Standards)

Understanding ICDS is essential for anyone who deals with business income, tax filings, or financial reporting. These standards guide how taxpayers compute taxable income under the Income Tax Act. They aim to reduce ambiguity and create uniform reporting rules. However, many Indian businesses still find the framework confusing. Let’s break it down in a simple …

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#405 – Reverse Charge Mechanism (RCM)

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Reverse charge mechanism (RCM) shifts the burden of paying GST from the supplier to the recipient. This unusual provision helps widen the tax net and ensures compliance from unorganized or unregistered suppliers. Let’s see how RCM works in India, when it applies, and what businesses must do to stay compliant. What is Reverse Charge Mechanism …

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#404 – Blocking of ITC: What It Means for Businesses

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Blocking of ITC has become a major concern for businesses in India under the GST system. Companies rely on Input Tax Credit to manage working capital and maintain healthy cash flow. However, blocked credits can disrupt operations and increase financial stress. Let’s see what ITC blocking means, why it happens, and how businesses can manage …

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Learn about How Input Tax Credit Impacts Pricing

#403 – How Input Tax Credit Impacts Pricing

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Input tax credit plays a major role in how businesses decide the final price of goods and services in India. It helps firms reduce tax costs, improve cash flow, and stay competitive in a crowded market. Let’s break down how ITC influences pricing and why it matters for consumers and businesses. How ITC Works Within …

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#402 – How to Claim Input Tax Credit

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Input tax credit is a crucial benefit under GST that helps Indian businesses reduce their tax burden. t helps businesses reduce tax costs and improve cash flow. However, many taxpayers still face issues due to mismatches, missed claims, and complex reconciling. Let’s see how to claim and reconcile ITC with simple steps, practical tips, and …

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Learn about The Impact of GST on Income Tax

#401 – The Impact of GST on Income Tax

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GST plays a crucial role in shaping how income tax functions in India. While GST itself does not directly change income tax rates, it influences income tax outcomes across individuals and businesses. How has GST impacted income tax in India? Let’s break it down. Understanding GST vs Income Tax: GST (Goods and Services Tax) is …

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#400 – How Taxation Differs for Intraday and Swing Trading

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Intraday and swing trading are popular strategies in India’s stock market, but their taxation differs significantly under the Income Tax Act, 1961. Understanding these differences is crucial for traders. Intraday profits are treated as speculative business income, while swing trading can qualify as capital gains. How does taxation differ for intraday vs swing trading in …

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Learn about Tax Treatment of CSR Expenditure

#399 – Tax Treatment of CSR Expenditure

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Corporate Social Responsibility (CSR) is mandatory under Section 135 of the Companies Act, 2013 for companies meeting certain thresholds. As more firms commit to social responsibility, it becomes vital to know how the law treats such spending. But is CSR spending tax-deductible? The answer has been crystal clear since 2014 — and remains unchanged in …

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#398 – Income Tax for NGOs and Charitable Trusts

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India has over 3.3 lakh registered NGOs and trusts (per NITI Aayog 2025). While most people believe charitable organisations pay zero tax, the reality is far stricter after the Finance Acts of 2020–2024. Here’s exactly how income tax works for NGOs and charitable trusts. Key Tax Exemptions Available to NGOs: Most NGOs seek tax benefits …

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#397 – What is InvIT

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InvIT – Infrastructure Investment Trust – is India’s revolutionary way to invest in roads, power transmission lines, telecom towers, pipelines, and other infrastructure assets. Launched in 2014 and listed since 2017, InvITs are making high-yield infra investing available to retail investors from just ₹100 per unit. Think of it as the “REIT for roads and …

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