Top New Updates in ITR Forms for F.Y. 2018-19

Here we represent a Top New Updates in ITR Forms for F.Y. 2018-19, Consistently ITR Forms are told by the Central Board of Direct Taxes, after the finish of the financial year. There were sure changes in the informed forms. We should investigate the progressions made in the ITR Forms for the Financial Year 2018-19….

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Top 5 Points Remember while filing Income – Tax Return

Here We Have Mentioned Top 5 Points Remember while filing Income – Tax Return. 1st April 2019 is the beginning of the Financial Year 2018-19 like every year taxpayers are supposed to file Income Tax Returns by 31st July of the Financial Year. In that case here are some of the points that all the…

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Who Pays GST? – e-Returns

Who Should Pay GST? In the event that you are providing any sort of goods or services in India above Rs. 20 Lakh of significant worth, you should enlist for GST, with the exception of in certain restricted situations where the assess-able individual is to pay GST paying little respect to whether he has crossed…

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In What Way to Link Aadhaar Number With PAN Card ?

In What Way to Link Aadhaar Number With PAN Card Described as Per as Blog With Infografic 1. The most effective method to link Aadhaar with Pan Card As per the Income Tax Department notice, income tax returns could be e-filed without linking Aadhaar and PAN till 5 August 2017. The deadline to link PAN…

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Most Vital Ways To Apply PAN Card Online or Offline

There are two different ways to apply for the PAN Card. You can apply online at the NSDL site or you can apply disconnected at any of the area level PAN offices. You can get a PAN card by applying through the NSDL (National Securities Depository Limited) just as through the UTIISL (UTI Infrastructure Technology…

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8 Most Useful Documents For Filing Income Tax Return

1. Form16 On the off chance that you are a salaried person, this is one of the most vital documents for you to file your ITR. Xyz employee of an organization, says “Structure 16 is a TDS certificate issued to you by your employer to provide details of the payment paid to you and TDS…

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Advantages and Disadvantages of GST (Goods and Service Tax)

GST is a destination based indirect expense which has replaced several other indirect taxes earlier levied in the nation. The expense has created an alliance between central and state levels and reformed the tax assessment regimes. It has provided a fundamentally single and cooperative linkup between the Indian markets which thus will support the economy…

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Income Tax AIR (Annual Information Return) Report

What is Annual Information Return (AIR)?  According to the change to Section 285BA of the Income Tax Act, 1961, indicated substances (Filers) are required to outfit an Annual Information Return (AIR) in regard of determining budgetary exchanges enrolled/recorded by them amid the monetary year (starting on or after April 1, 2004) to the income tax…

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First Time Company Registered Office With Company Director Photo Summit In MCA Rule As Per Blog:-

MCA update Filing of e-form ACTIVE (Active Company Tagging Identities and Verification) Applicable on :- Every Company Incorporated on or before 31/12/2017. (However, Companies whose due Financial Statements or Annual Return or both are not filed, will not be able to file ACTIVE form { execption for under dispute Cos } ) Excluded Companies Struck…

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Explanation Between Direct Vs Indirect Tax

What is Tax? Taxes are commonly an involuntary charge imposed on people or partnerships that are authorized by a government element, regardless of whether neighborhood, local or national so as to fund government exercises. In financial matters, taxes fall on whoever pays the weight of the tax, regardless of whether this is the element being…

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GST Registration Process

Goods and Service Tax GST stands for goods and service Tax. Goods and service Tax is applied on services and goods at a national level with the purpose of achieving the overall economic process. GST is specially designed to interchange the indirect taxes obligatory on goods and services of the Centre and States. e-returns file…

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HIGHLIGHTS OF BUDGET 2019

Tax Benefit:  Tax nil up to Rs 500000/-.  Salary Std deduction raised from 40k to 50k. Deemed rental income exemption proposed on the second self occupied house.  TDS threshold increase from 10000/- to 40000/- under section 194A. TDS on rent increase from 180000/- to 240000/-. Section 54 limit can be claimed now in two houses. A capital gain of Rs 2 Cr once…

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How To File Income Tax Returns (ITR)?

In this return filing season, where returns are being petitioned for AY 2016-17, AY 2017-18 and are going to be petitioned for AY 2018-19. We convey to you the most effortless guide on e-filing ITR in India. Filing salary government form may appear to be a monotonous undertaking. In any case, isn’t generally so. Filing…

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What is a TAN Number?

Essentially, business visionaries who begin their new business need to apply for TAN. To know why you require this Tax Deduction Account Number, let us understand the importance of this three letter word. 1. TAN stands for Tax Deduction Account Number or Tax Collection Account Number and is a 10-digit alphanumeric number issued by the IT office.  2. Each…

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Why Filing Income Tax Return for Businesses

Filing tax returns is a considerable errand, particularly on the off chance that you are a business proprietor and you need to deal with your business undertakings alongside filing your business tax returns. In any case, paying little respect to how dreary you discover filing your tax returns, it is essential that you record your…

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Waived Late Fee On GST Returns

Currently, a plan was propelled by the Government of India, so as to forgo the late expenses for the deferred filing of the GST Return. It is a one-time conspiracy, that is propelled for the filing of GSTR-1, GSTR-3B and GSTR-4 for the term of July 2017 to September 2018,that is, for the time of…

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Effect of GST on Export of Goods and Services |

After GST takes off in India, under “Make in India” strategy, the Indian Government meant to expand the yield and nature of exports from India and gave many tax cuts to exporters. Meaning of Export of Goods and services The Export of products implies removing merchandise from India to a place outside India. Export of…

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