How is GST Applied ? The Goods and Service Tax (GST) refers to an indirect tax introduced by the Government of India under the Goods and Service Tax Act passed in the Parliament on 29th […]
Filing Income Tax Return Online With the closure of the financial year 2018-19, it is time to file your income tax return. Filing ITR is mandated by law and acts as legal proof of your […]
GST Registration Documents Sole proprietorship firms accounted for 62.5% of the total number of companies operating in India in 2014. A business entity registering for sole proprietorship will have only one individual with ownership rights […]
GST Penalty for Late Filing The laws concerning GST clearly define the offences and the penalties as well as punishments for all of those offences depending upon the scenario. It is therefore really important to […]
Union Budget 2019 Income tax is directly imposed on personal gains accumulated by individuals and entities belonging to varied income and profit groups. The interim budget for 2019 presented by Indian Union Finance minister Piyush […]
We perceive the most significant change in the UK’s tax system is underway. The transformation will start with Making Tax Digital for VAT from April 2019. Along with this MTD for income tax and MTD […]
Section 68 – Cash Credit When there is any amount credited in the books of accounts of the assessee and the assessee has no clarification whatsoever about the source of the same or the clarification […]
What is an HSN Code? Harmonised System of Nomenclature Code commonly known as HSN Code is a six-digit uniform code classifying 5000 plus products globally. HSN was an idea which evolved from World Customs Organization […]
Income Tax return After Death Filling of Income Tax return for an individual is mandatory on gross income. During financial year if the person died, according to the income tax department, the tax payment for […]
Individual Tax Return Filing Nowadays, paying personal tax return online has become a very easy task. You just have to click few buttons and it is done. Few years back people struggled with filing the […]
25% Growth in ITR Filing The period between March 2017 and August 2017 saw a rise in filing of income tax returns by 25 % over corresponding last year period. Increased numbers of people are […]
New Income Tax Laws in India You must be aware of the latest changes in income tax regulations from` FY 2017-18 as this can affect your financial planning in future. The finance bill that was […]
Section 80D- Tax Savings on Health Insurance Nowadays, it is common for families to opt for all kinds of insurances. The fact that it gives a kind of assurance to the people that even if they […]
“Paying tax is not a punishment. It is a responsibility.” – Chris Matthew IRS Tax Problems When dealing with tax issues in USA, it is important to take the process seriously. The IRS Restructuring and Reform […]
Income Tax Return E Filing Every individual whose total income comes in the taxable slab should file income tax return according to the section of 139(1) of Income Tax Act, 1961. E-filing income tax return […]
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