How to Use the Small Business Tax Credit? The Small Business Tax Credit is available in addition to the regular corporate income tax credit for businesses with annual sales totaling $50,000 or less per year (the credit is also available for businesses with gross receipts over $100,000 but less than $200,000). The credit applies only on a percentage basis and is limited to 20% of the total cost of goods sold in India (excluding services provided by foreigners). Easy Way to Avoid Tax on Goods and Services The Tax Assessment process in India is important to take seriously. Before that […]