Krystalle

Introduction to Tax Collection at Source (TCS) on Scrap Sales The government introduced tax collected at source on the sale of scrap to monitor an unorganised market segment. Scrap refers to waste materials resulting from mechanical working or manufacturing processes, as defined in the Income Tax Act. Exemptions and Procedures for TCS on Scrap Sales … Read more

Understanding DBA for Sole Proprietors A sole proprietor uses a DBA, or "doing business as," to register a fictitious business name. To establish a DBA, file with the state. A DBA allows a sole proprietor to open a business bank account, apply for licenses and build business credit. In contracts, indicate the company’s legal name … Read more