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TAX CREDITS FOR SMALL BUSINESSES
Single-window GST registration for multistate businesses set for pilot this weekIn a significant move, the central government is set to implement a consolidated goods and services tax registration system for businesses ...- Waiting on income? Deferring payments into next year could reduce your 2026 taxable income, but there is a catch you should know firstIf you’re self-employed and expect a lower income next year, delaying eligible payments until January could reduce your current-year taxabl...
- Tax credit vs deduction in 2026: How a $20,000 credit could cut a $50,000 tax bill to $30,000IRS tax credit and deduction explained: A tax credit and a tax deduction can both lower your tax burden, but they work differently. Here’s ...
- Think your Roth IRA lowers your taxes this year? It doesn't, because contributions aren't deductible, and here is who should use it nowMany small business owners fund a Roth IRA expecting an immediate tax break. That calculation is flawed. Roth IRAs run on after-tax income....
- NBFCs account for nearly half of small loans while delinquencies stay lowNon-banking finance companies accounted for nearly half of new-to-credit loans below Rs 2 lakh as of June 2026. Their retail delinquency ra...
- GST Council may scrap arrest provisions, fast-track refunds with 90% automatic payoutThe upcoming 57th GST Council meeting on October 7 is set to unveil transformative proposals that could reshape GST regulations. Key sugges...
- Social Security October update: 4 major changes coming soon that could affect your 2027 benefitsSocial Security October update: Social Security’s October update is expected to reveal four key changes for 2027, including the cost-of-liv...
- GST 2.0: Council to consider sweeping reforms to unlock tax credit, ease complianceIndia is set to implement significant reforms to the goods and services tax system, which will ease compliance. Changes may include the rel...
- GST registration overhaul: Businesses may soon apply for multiple states at onceThe GST Council plans to discuss a proposal for a unified GST registration process for businesses. This proposal aims to streamline applica...
- Ease of biz relief in store for small ecomm sellersThe Goods and Services Tax Council meeting is set to discuss proposals benefitting small ecommerce sellers. If approved, these sellers coul...
- Small-business lenders’ growth cools in FY26 amid credit headwindsIndifi’s revenue and loan book remained broadly flat, NeoGrowth’s assets under management (AUM) declined 21.5%, and Lendingkart’s fell 74%....
- Next-gen GST: Taking India's reform journey forwardThe new GST framework in India aims to streamline compliance processes while lowering tax rates, contributing to enhanced economic stabilit...
- Half a dozen small hybrids getting ready for Indian launchAutomakers including Maruti Suzuki, Hyundai, Toyota and Renault are preparing around half a dozen small hybrid vehicles for India over the ...
- GST Council may clear sweeping compliance reforms; e-commerce sellers, genuine buyers to get reliefThe GST Council will assess various procedural reforms aimed at simplifying tax compliance for businesses. Proposed measures include enabli...
- Employers may soon be able to claim ITC on GST paid for employee insurance coverThe GST Council is gearing up to consider a proposal regarding input tax credit for employee insurance premiums. Currently, businesses cann...
- Own a small business? This 2026 tax deduction could reduce your taxable income by up to 20%Small business tax break 2026: Small-business owners could get a valuable tax break in 2026 through the qualified business income deduction...
- Indian banks see credit growth outpace deposits in second quarterIn the second quarter, several Indian banks reported that credit growth outpaced deposit growth significantly. Canara Bank experienced a cr...
- Tax audit deadline extended: Key checks taxpayers should make before filing income tax returnThe CBDT has announced an extension for tax audit and ITR filing deadlines for Assessment Year 2026-27. Taxpayers must now file their retur...
- Your UPI payment just got a price tag: what it means for GST-registered taxpayersNPCI, which manages UPI, has brought in a merchant discount rate of 0.4% on certain person-to-merchant UPI payments above Rs 2,000.
- Meta expands Muse AI agent for small businessesMeta Platforms is expanding its AI agent Muse to small businesses, adding integrations with tools such as Shopify, QuickBooks, Stripe and C...
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