How to Save Income Tax Under the Old Tax Regime?
The Income Tax Act in India offers individual taxpayers many ways to save tax. You can invest your savings in long-term schemes to reduce taxable income. Certain expenses, such as rent, can also help you save on tax. If you’ve opted for the old tax regime, you have time until March 31st to declare your […]
Why Business Owners Need Financial Training
Are you a business owner who is contemplating financial training? Whether you are a salaried employee or an entrepreneur, financial literacy is crucial for the overall success and sustainability of your business. Unfortunately, only one out of every five Indians is financially literate. Lack of financial knowledge can be a roadblock in your business’s journey […]
How Can a Cost and Management Accountant Help Your Small Business?
Whether you’re setting up a new venture or have been in the industry for a while, managing a small business is not easy. There are several complicated concepts you need to stay up-to-date with. Finance is one such area where you could use extra help. This is where a Cost and Management Accountant (CMA) comes […]
What Happens If Income Tax Returns Is Not Filed?
The last date to file an Income Tax Return (ITR) without any penalty was July 31. But if you missed the deadline, you can file a belated return until December 31, 2023. According to the Income Tax Act, it is mandatory to file your Income Tax Return (ITR) on time. Not filing it can have […]
GST Compliance for Businesses: A Comprehensive Guide
On July 1st, 2017, India moved to an indirect tax regime that was designed to convert the entire nation into a single market. This new tax regime has replaced multiple taxes levied by the Central and State Governments. GST compliance is essential for businesses of all sizes to ensure they are meeting their tax obligations […]
How to Improve Your Budget: A Cost Management Accountant’s Guide to Budgeting
If you want to manage your finances more effectively and reach your financial goals, you might need to work on your budgeting. Budgeting can help you track your spending, save money, and make informed decisions. Most people want to improve their budgeting but don’t know how to get started. Here are some tips from a […]
How To Reduce Wasteful Spending: Tips From A Cost Management Accountant
Wasteful spending is a typical financial mistake that can deplete your funds and affect your financial goals. Impulsive purchases, pointless subscriptions, or overpaying on regular bills can add up over time and damage your financial health. If you want to make sure your money is spent more effectively, detect and cut out unnecessary expenditures. […]
