Author: Raghu Unnam

What is a Works Contract in Simple Terms? A Works Contract is essentially a mix of both goods and services bundled into one contract — […]

What is Double Taxation and Why Does it Matter? Double taxation simply means being taxed twice on the same income — once in the country […]

What is Input Tax Credit and Why It’s a Game-Changer for Businesses? Input Tax Credit, or ITC, is like a cashback for businesses under GST. […]

Understanding the Different Types of GST The Goods and Services Tax (GST) is a unified indirect tax that replaced multiple taxes levied by the central […]

Who is Considered a ‘Person’ in Income Tax? In Indian tax law, the term “person” has a broader meaning than in general usage. It does […]

Understanding Advance Tax for Non-Individuals Advance tax is the payment of income tax in installments throughout the financial year instead of a lump sum at […]

Understanding Long-Term Capital Gains (LTCG) Long-Term Capital Gains (LTCG) refer to the profit earned from the sale of a capital asset held for a longer […]

What Is Clubbing of Income? Clubbing of income is a concept under Indian tax laws that prevents tax avoidance by transferring income to another person, […]

What Are Declared Goods? Declared goods, as per Indian tax laws, are those goods that have been classified by the Central Government as being of […]