Term GST stands for the Goods and Services Tax. GST bill was passed on 6th May 2015 in Lok Sabha. Once the bill is implemented it can give some major advantages to businesses. GST is basically a value-added Tax which is taxed at different check points in the chain of supply, allowing credit for any tax paid on participation attained for the use in supply.
On February 1st by announcing the Union Budget, the Colonial Era tradition of presenting it on the last working day of Feb has been changed. It was the post demonetization budget for 2017-18. As per Prime Minister Mr. Narender Modi, the revised date of Budget presentation will ensure speedy application of government schemes. This year’s budget has schemes for farmers, women, senior-citizens, Individuals and businessmen.
Getting income in your account every month is really too comforting, but filing the income tax returns for the same annually is quite a pain! However, if you know the easy ways to file your ITR accurately then there would be no pain in doing this. Income tax returns would not give you same excitement as claiming the income, but it is quite important and mandatory to file your returns regularly if you have annual income higher than 5 lakhs.
Tax payment is not that difficult when you are earning but preparing the income tax statement is surely painful. The stress involved with calculating and filing income tax is quite high and hence the tax preparers can check for the best income tax software.
Any organization, small or big may have several business processes that may require lot of manual efforts and workforce.
Income tax preparation and filing of returns have been the important tasks for the salaried and self-employed individuals. There are many legally binding and regulatory compliances that together make this task boring and tedious.
Tax preparation is time consuming and tedious process. There is lot of documentation associated with filing of tax returns and there are important calculations too.
Tax payer has the responsibility of preparing and filing his or her tax returns but the tax preparer has extended responsibilities.
Accounting and income tax management are the key requirements of the business but not the core business and hence every business establishment faces lot of time and work force issues while managing the accounts well.
Every new product comes with its advantages and disadvantages but this competitive Income Tax Computation Software will offer you only benefits. This software is designed as per the latest trend of automation and hence all your tasks related to income tax and accounting would be handled well.
Are you finding it difficult to cop up with the stress associated with work flow management? Is your team demotivated and stressed due to the tasks assigned to them?
Motivated team can take the entire company to new heights and at the same time demotivated bunch of people can work negatively for the company.
Automation has entered each industry and the processes are getting even faster with lot many tools offered to conduct each and every task in lesser time and enhanced accuracy. The automation software was earlier found only in the project management and finance related activities but the same is now available for several front office tasks as well.
The companies working in varied industries have one thing in common and that is the time bound workflow. There are many tasks that need to be carried out in its stipulated time and also in the predefined manner.
Income tax filing has become easier due to the online tax filing option. The income tax can be filed without paying any fees to the expert when you do it online. The online income tax returns are filed in just a few easy steps and you don’t need to be finance expert for that. The Income tax software is also available for quick tax filing. If you have not yet used this simple income tax return filing procedure, then the below given steps would help.
Income tax is the yearly obligation for any business and individual. There is certain specific way to file the returns and the income tax authorities may accept your return form only when submitted in the correct format. The income tax returns were earlier filed manually but the time has changed and the same has gone online now. The procedures have now got even easier with income tax efiling software.
The fast growing global industry today is in the constant need of a software which can keep a track of the continuous changing laws and statutes which governs it. It is always beneficial to have a strong software working at the back office acting like a law manual as it is difficult to remember updated latest regulations all the time.