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Flexible Benefits Plan (FBP), though, is available only under the old tax regime, which allows an individual to claim deductions and exemptions under various sections of the income tax Act.
Seek longer timelines, standardised GST and I-T reconciliation template
VC funds are likely to ask for revenue recognition clarity and regular audit reports. And they will likely prod founders to hire independent directors.
While some explained how unnecessary the move is, others simply disregarded the decision saying,
20% TCS: Twitter users went as far as dubbing govt's move to impose 20% TCS on international credit card usage as 'tax terrorism'