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Composition Scheme under GST

1. Objective   - The primary purpose of the Composition Scheme is to reduce the compliance burden for small businesses. Under Section 10 of the...

Utilization of Input Tax Credit under GST

Under the Goods and Services Tax (GST) regime, input tax credit (ITC) is a mechanism that allows businesses to offset the tax they have...

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Deductions from Salaries under the Income-tax Act, 2025 – Section 19 Explained with Limits & Conditions

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