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Tax | Law | Folks Wiser

05/05/2023

Unlock the secret to saving thousands on taxes! Enroll in our exclusive Tax Planning Course for Professionals, Freelancers & consultants NOW!
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08/03/2023

HR scorecard is a tool used by organizations to measure the effectiveness of their human resources strategies and activities.

It helps to align HR with business objectives and track progress towards achieving them.

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06/03/2023

An input tax credit means the central tax (CGST), State tax (SGST), integrated tax (IGST) or Union territory tax (UTGST) charged on the supply of goods or services or both made to a registered person.

It also includes tax paid on a reverse charge basis and integrated tax goods and services tax charged on import of goods.

02/03/2023

You can save your cost on your agreements just by amending your existing agreement or restating your existing agreement.

An amended agreement is one that has been modified, changed, or edited.
A restated agreement is when the original one is reproduced in full in one document.

Read this post by and stay tuned to know how you can amend or restate your agreements.

01/03/2023

Failure is often a necessary step on the path to success. Many successful people have experienced failures, setbacks, and obstacles on their journey to achieving their goals.

Failure provides an opportunity to learn from mistakes, identify weaknesses, and develop new strategies.

It can also build resilience, character, and perseverance. By learning from failure, individuals can adapt and grow, becoming more equipped to handle challenges and achieve success in the future.

Do you have any more examples?
Comment below👇

24/02/2023

Customer relationship management, or CRM, is a business strategy that focuses on creating and maintaining long-lasting relationships with customers.

At its core, CRM is all about understanding your customers' needs, preferences, and behaviours, and using that information to deliver personalized experiences that keep them coming back.

By implementing CRM practices, businesses can improve customer satisfaction, increase loyalty, and ultimately drive growth and profitability.

23/02/2023

A very common and frequent question running through the mind of taxpayers is the taxability
of gifts.
In this post, you can gain knowledge about
taxability of gifts received by an individual.

22/02/2023

As we received a huge response on Part 1, So we’re back with Part 2!

These are a few business terms used in Shark Tank Season 2. Comment below more such terms, for us to come up with Part 3.

Follow and Stay tuned for Part 3!

20/02/2023

A loan agreement is a legal contract between a lender and a borrower that outlines the terms and conditions of a loan.

The agreement typically includes details such as the amount of the loan, the interest rate, the repayment schedule, and any penalties or fees for late payments.

Loan agreements are enforceable under the law, and both parties are bound to comply with the terms outlined in the agreement.

It is important for both the lender and the borrower to fully understand the terms of the loan agreement before signing it to ensure that they are comfortable with the obligations and responsibilities outlined in the contract.

17/02/2023

Dealing with people in business is a crucial aspect of building successful relationships and achieving business objectives.

Effective communication skills, emotional intelligence, and active listening are key elements to successfully dealing with people in business. It is important to approach business interactions with respect and professionalism and to build trust by being transparent and reliable. Understanding cultural differences and adapting to various communication styles can also enhance business relationships.

Building a network of connections through positive interactions can open doors for opportunities and provide a competitive edge in the business world.

Dealing with difficulties is an inevitable part of running a business, and it's essential to have strategies in place to address and overcome challenges.

Here are some general tips for dealing with difficulties in business.

15/02/2023

Tried and Tested to create a better office culture and environment between employees and employer & employee.

Having a robust HR structure is very important in today’s day and age. While, the pay structure needs to be justified, it is also important to compliment the same with HR policies which take care of ones yearning to belong to a company and the people around.

To feel safe and secure around the people they are working with. HR Departments take Centre stage in keeping the employee’s motivated and efficient. There are many ways through which this can be done and usually decided depending on the mutual workforce consensus and size and scale of the organization.

Follow and stay tuned for more such content.

13/02/2023

Income Tax Audit Limits for FY 2021-22 (AY 2022-23) is 2 crores. A professional whose gross receipts for the previous financial year is more than Rs. 50 lakh.

Persons covered under Sections 44AD, 44AE, 44AF, 44BB and 44BBB, who are declaring lower profits from business than what is estimated.

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