Old vs New Tax Regime (FY 2026-27): Which Is Better for IT Professionals?
For Indian IT professionals, the selection of Old versus New Tax Regime may greatly affect the total tax burden for the year as well as the take-home salary. Which one is the better choice depends on various aspects such as salary, HRA, interest on home loans, etc. Employer NPS contributions can also help eligible IT […]
Top 10 Business Setup and Registration Service Providers in India for Startups, MSMEs and Entrepreneurs in 2026
Starting a business in India requires more than just a great idea. Entrepreneurs need to choose the right legal structure, prepare the required documents, complete government filings, and obtain registrations and licences applicable to their business activities. For startups, MSMEs, and first-time entrepreneurs, managing these requirements independently can be time-consuming and confusing. The scale of […]
Professional Tax Notice in India: Reasons, Penalties, Response Process & Compliance Steps for Businesses
Professional tax is a state-level tax imposed on individuals earning an income through employment, profession, or business, subject to the applicable state laws. For employers and businesses, compliance can involve Professional tax registration, timely tax payment, deduction and deposit of tax from employees, and tax return filing. In Greater Chennai Corporation limits, eligible individuals and […]
IEC Registration in 2026: 10 Important Things Every New Importer and Exporter Should Know Before Applying
Starting an import or export business in Chennai, India requires more than finding international buyers or suppliers. Businesses must also comply with the documentation and regulatory requirements governing cross-border trade. One of the most important requirements for eligible importers and exporters is obtaining an IEC Code through the Directorate General of Foreign Trade (DGFT). India’s […]
Udyam Registration vs Startup India Registration: Complete Comparison Guide for MSMEs & Startups
Choosing the right government registration is one of the first and most important decisions for entrepreneurs starting a business in India. Two of the most commonly discussed registrations are Udyam registration and Startup India Registration. While both initiatives are designed to support business growth, they serve different purposes, offer distinct benefits, and have separate eligibility […]
How to Get an FSSAI Food Licence Online in India: Eligibility, Documents, Fees & Registration Process
Starting a food business in Chennai, India involves more than just offering quality products or excellent service-it also requires compliance with the legal standards established by the Food Safety and Standards Authority of India (FSSAI). Whether you operate a home-based food business, restaurant, cloud kitchen, bakery, catering service, food manufacturing unit, online food brand, or […]
Section 44AB Tax Audit in India: Applicability, Limits, Due Date, Penalty
As businesses grow and financial transactions become more complex, maintaining accurate books of accounts and complying with Income Tax regulations becomes increasingly important. One of the key compliance requirements under the Income Tax Act is the Income Tax Audit conducted under Section 44AB. The objective of a tax audit is to ensure that taxpayers maintain […]
TDS / TCS Rate Chart Tax Year (FY: 2026-27)
Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) are essential components of India’s tax system, ensuring timely tax collection and improving compliance. Reflecting the growing importance of these mechanisms, India’s gross direct tax collections reached ₹22.78 lakh crore as of 10 February 2026, registering a 4.09% year-on-year increase. To ensure accurate tax […]
Capital Gains Tax Planning: How to Save Tax Before Selling Property or Shares
Selling a property, shares, mutual funds, or other investments can generate significant profits, but it may also result in substantial Capital Gains Tax liability if the transaction is not planned properly. Many taxpayers focus on the sale price while overlooking the tax implications, only to realize later that poor planning has reduced their overall returns. […]
11 Business Registrations and Licenses Required to Start a Business in India
India has become one of the fastest-growing startup ecosystems in the world, with thousands of new businesses launching every month across industries ranging from technology and e-commerce to manufacturing, consulting, retail and food services. But launching a business is not just about having a great idea. Before any company can legally operate, open a bank […]
