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When it comes to dealing with international trade, one of the most important steps that a business can organize involves generation of a commercial invoice of exportation. It is not that simple bill, it is the most significant document ever to the custom house of the importing nation. An effectively
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International trade is a world full of the paper work. Two documents that leave exporters and importers baffled in most cases are commercial invoices and proforma invoices; which are part of the essential documents. The two are involved in the exportation processes- but they vary much in what they accomplish,
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An export invoice is not only a bill-it is the most important document in international trade. It does not matter whether you are exporting to the U.S. industrial machinery found in Europe or goods produced in India, your export invoice will help in executing the customs clearance and payment
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When you incur the cost of sending or receiving an international money transfer on the SWIFT network, you simply think that there is only a single cost that is simple. However, the reality of SWIFT transfer charges can be more complex, involving multiple layers of costs that can sometimes reduce
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In the era of the growing globalization in the world, the need to send and obtain the money across the international borders is a well-known financial request of businesses and individuals. Among the various methods available, the SWIFT transfer (Society for Worldwide Interbank Financial Telecommunication) stands out as one of
Banking & Payments
Whether in the banking or the financial world, you find almost all the time where you have a myriad of codes meant to ease the conducting of transactions and secure them as well. Two of such codes, the Indian Financial System Code (IFSC) and the Society for Worldwide Interbank Financial
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The most likely concern that pops up when one is in the process of sending or receiving money overseas is how long it takes before the funds can be received. For SWIFT transfers (Society for Worldwide Interbank Financial Telecommunication), which are the backbone of most international bank-to-bank transfers, the answer
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The income tax scenario in India has witnessed some drastic changes in a span of next few years giving two broad avenues of filing taxes by a tax payer the usual old tax regime and the new and simplified tax regime. With the coming of the Financial Year 2025-26 (Assessment
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India's income tax system has seen substantial changes as a result of the Union Budget 2025–2026, most notably the "new tax regime." Every taxpayer must understand these changes as we enter the Financial Year 2025–26 (Assessment Year 2026–27) in order to efficiently manage
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The Indian tax scenario on income has been gradually changing, and the "New Tax Regime" has become increasingly popular, especially following the major changes in Budget 2023, ongoing to FY 2025-26 (Assessment Year 2026-27). The easier regime, now the default option, has less expensive rates but less deductions
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Filing income tax may seem overwhelming, especially when it comes to calculating how much you owe. But with a clear understanding of the process and current tax slabs, you can easily figure it out. This guide is designed to help salaried individuals understand how to calculate income tax on their
Taxation & Compliance
Submitting your income tax return (ITR) may not be easy when you are doing it for the first time. But due to the Income Tax Department’s e-filing service, even beginners can go through the process easily. With this guide, both salaried people, freelancers, and small business owners can learn