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HSN code is a six-digit international standardized system used to classify and identify internationally traded goods for customs purposes. The acronym stands for "Harmonized System of Nomenclature." In India, it's called the HSN code or ITC-HS code when extended to eight digits. These codes determine your
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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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In today’s globalized world, Indian residents often need to send money abroad—whether for education, travel, medical expenses, or investments. To regulate and simplify outward remittances, the Reserve Bank of India (RBI) introduced the Liberalised Remittance Scheme (LRS). But many people still ask: What is LRS? What is LRS
Banking & Payments
With everything going digital, every business that wants to accept online payments should learn about payment gateway technology. As online shopping rapidly gains popularity in countries like India, payment gateways are playing a crucial role in ensuring transactions are both safe and easy to complete. At Eximpe, we believe it’
International Trade & Finance
Many Indian exporters and importers are now interested in simpler cross-border payments and finding ways to earn more sources of revenue. To engage in international business, you should open a trading account first. EximPe has prepared this straightforward guide explaining how to open an international trading account in India in
Taxation & Compliance
Tax compliance is an issue that is critical for both businesses and individuals to understand. The most popular tool in the Indian Revenue system is TDS. In this article, we'll explain the meaning of TDS in income tax, the importance of TDS and how it affects your money
Banking & Payments
In international banking, two terms frequently appear—Nostro Account and Vostro Account. These accounts play a critical role in facilitating global trade, foreign exchange transactions, and cross-border banking. While both accounts are linked to international financial transactions, they serve different functions and perspectives. This guide explains their meaning, features, differences,
Taxation & Compliance
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
Financial News & Current Affairs
There is a paradigm shift in the steel sector in India after the government announced a 12% safeguard import duty on selected flat steel products out of alloy and non-alloy categories for 200 days. The April 2025 announcement of the move is aimed at protecting domestic manufacturers from a flood
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
Taxation & Compliance
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
Taxation & Compliance
Inheritance tax is one of the topics that tends to confuse, and that is particularly true when it comes to those who are building their financial legacy. At Eximpe, we believe in providing you with the right information about your money matters to update you on how to make the