BillClap Blogs

What is the SBI retirement benefit fund aggressive hybrid plan?The SBI Retirement Benefit Fund Aggressive Hybrid Plan is a mutual fund scheme offered by SBI Mutual Fund designed to help individuals save for their retirement. This plan aims to provide a balance of growth and income by investing in a

What is a DIN?A DIN is a unique 8-digit number that anyone who wants to be or is already a director of a company in India must have. The Ministry of Corporate Affairs (MCA) gives out the DIN. It is permanent and does not need to be renewed unless it is canceled or given up. To get a DIN, a person ne

What is an e-way bill? An e-way bill is an electronic document required for the movement of goods under the Goods and Services Tax (GST) regime in India. It serves as a crucial tool for tracking and documenting the transportation of goods from one place to another. The e-way bill contains detai

What is Section 80QQB of the Income Tax Act?Section 80QQB of the Income Tax Act provides a tax deduction for resident Indian authors on royalty income from their literary, artistic, or scientific books. Authors can claim a deduction of up to ₹3,00,000 per financial year, reducing their taxable incom

Sales orders and delivery challans are fundamental documents in the business process, each playing a crucial role in ensuring accurate and efficient sales transactions. By understanding their functions and importance, businesses can improve their operations, enhance customer satisfaction, and mainta

In India, the Goods and Services Tax (GST) applies to various aspects of credit card usage. When you use a credit card to purchase goods or services, the price you pay includes GST, which the merchant collects and remits to the government. Additionally, fees charged by credit card issuers, such

In the labyrinth of tax regulations, the Goods and Services Tax (GST) stands as a pivotal system revolutionizing India's taxation landscape. Integral to this regime is the mechanism of GST refunds, which aims to provide relief to taxpayers by reimbursing taxes paid on inputs or supplies. Among the v

What is GSTR-2B and GSTR-2AGSTR-2BGSTR-2B is a static auto-drafted Input Tax Credit (ITC) statement introduced by the Goods and Services Tax (GST) system in India. It provides a detailed summary of eligible and ineligible ITC for a taxpayer, based on the data filed by their suppliers in their GSTR-1

Filing Income Tax Returns (ITR) is essential for a proprietorship businesses as it ensures compliance with tax regulations and demonstrates financial transparency. As the sole owner of the business, the proprietor is personally liable for all financial transactions and income generated. Filing ITR n

In March 2024, the Gross Goods and Services Tax (GST) revenue hit a landmark, reaching ₹1.78 lakh crore, marking the second-highest collection ever. This represents an impressive 11.5% year-on-year growth. Notably, domestic transactions contributed significantly to this surge, accounting for a 17.6%