Home / Taxation

Taxation

Learn How to Avoid Last Minute Tax Planning Goof-Ups!!

Just a fortnight away from the March 31 s investment proofs’ submission deadline – One can almost visualize the panic frenzy employees rounding up the corridors of already overworked and understandably cranky Finance/Accounts teams of their employers. After all, this is the month when Payroll mills work round the clock …

Read More »

Don’t let the taxes tax you up!

We are at the fag end of yet another financial year; that time of the year when all you working professionals out there need to plan your taxable income investments. But Take it Easy; don’t let the taxes tax you up! Here are some easy tips to help you breeze through the …

Read More »

Taxes on Corporate Income

Taxes on corporate income

  An inhabitant organization is burdened on its overall wage. A non-inhabitant organization is burdened just on salary that is gotten in India, or that collects or emerges, or is considered to accumulate or emerge, in India. The corporate income tax (CIT) rate pertinent to an Indian organization for the …

Read More »

Tax Audits and its type

Tax Audits and its type

  A tax audit is an examination of your tax form by the IRS to confirm that your pay and conclusions are precise. A tax audit is the point at which the IRS chooses to look at your tax form somewhat more nearly and confirm that your wage and conclusions …

Read More »

What is the e-way Bill under GST

What is the e-way Bill under GST

WHAT  IS THE eWAY BILL UNDER GST E-Way bill stands for Electronic Way Bill. It is usually a unique bill number generated for the specific consignment involving the movement of goods. In GST, A Registered Dealer who intends to transports Goods exceeding  Rs.50000 or more should generate E-way bill. Procedure …

Read More »

What happens for Non Compliance of GST

non-compliance-of-GST-300x150

 Who needs GST Registration Already registered dealer – Every Manufacturer or a Service provider or a dealer registered under Central Excise Act or under Service tax law or State Vat law will get automatic Pan based registration number without fresh application. New Dealer – Dealers crossing the specified threshold limit …

Read More »

How the Input Tax Credit under GST can be used

How the Input Tax Credit under GST can be used

Input Tax Credit Under GST Any registered taxable individual who has availed the registration topic on the ailments as laid down in Sec 35 and during the prescribed cut-off date can avail input tax credit. GST will change the existing intake tax comparing the sales tax as well as assistance …

Read More »

GST Tax Invoice, Debit note and Credit note

GST Tax Invoice, Debit note and Credit note

GST invoice format and rules Invoicing plays a vital purpose In regards to the execution of the transaction. On every single sale/acquire an invoice is issued from the supplier i.e person earning the sale. The Bill is made up of S.No, specifics of solution like product identify, description, amount, and …

Read More »

Advantages and Disadvantages in Sole Proprietorship

Advantages and Disadvantages in Sole Proprietorship

“The necessities differ from state to state but (name registrations) are generally finished within the county stage and contain registering for your personal business name and publishing a discover that you’re carrying out small business less than that name,” says Chatow. Chatow claims, “If somebody will get wounded at your place or as a …

Read More »