In the ever-evolving world of business, finance and compliance often feel like routine checkboxes—a backend function that supports the real action. But what if your financial processes could do more than just keep the lights on? What if they could become your engine for growth?At BYF Consulting, we believe it’s time to move beyond…
As we step into the Income Tax filing season, taxpayers across India—salaried individuals, freelancers, business owners, NRIs—gear up to meet their annual tax compliance responsibilities. While the official due date might seem far off, early filing isn't just a good habit—it’s a smart financial move.Why Filing Your ITR Early MattersFiling your Income Tax…
Income Tax Slabs for FY 2024-25: New & Old Regime Tax Rates The income tax system in India has undergone several transformations, providing taxpayers with the option to choose between two regimes: the Old Regime with exemptions and deductions and the New Regime with lower tax rates but limited exemptions. For the Financial Year (FY)…
Private Limited Company Registration in India: A Complete Guide
When starting a business in India, selecting the right business structure is one of the most crucial steps. Among the various options, Private Limited Company (PLC) registration stands out as a preferred choice for entrepreneurs. Governed by the Companies Act, 2013, a PLC offers a…
If you're a salaried individual, you must have come across the term Form 16 while filing your income tax returns. This important document acts as proof of income and tax deductions, making it essential for tax compliance. In this blog, we’ll break down everything you need to know about Form 16, including its components, eligibility,…
I f you're a business owner in India, understanding and filing GST returns is crucial for staying compliant with the Goods and Services Tax (GST) regime. As per GST guidelines, all registered businesses are required to file GST returns on a regular basis. In this blog, we’ll guide you through what GST returns are, who…