Q.1 – How Is It Safe to Use Software for Tax Return Filing? Safety and security are the key features of any ITR software. Now a days, user data safety is crucial aspect of any business. Hence you should use…
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…
An individual may pay more tax than they are obligated to pay at times. You can seek an income tax refund if your advanced tax or tax deducted at source (TDS) is greater than the amount you owe. ITR refunds…
The spread of COVID-19 appears to be slowing in India, but the pandemic’s economic impact is still being determined as new waves of COVID-19 infection emerge locally. As a result, any revenue impact of covid-19 on GST collection in India…
In this part, we shall discuss the clause (b) and clause (c) of Section 7 of the CGST Act 2017 Section 7, (For the purpose of this section, supply includes………As per clause (b ) of Section 7 of the CGST…
Under the Indirect taxes mechanism, the taxes are levied at every stage of value addition. This is applicable in case of supply of goods as well as services. Thus it is important to understand that tax and the value addition…
The determination of taxability of transactions, involving multiple goods or services or a combination of goods and services has always been a challenging aspect under the indirect taxes. As far as the Pre-GST regime was concerned, the taxable events like”…
The online platforms like Quora, Reddit and similar other are overflowing with questions like – Do I need a GST number for my small business? Who are liable to register under GST in India? How to register for GST in…
GST stands for Goods and Service Tax, a new tax reform to be implemented from 1st July, 2017.The new tax system will affect businesses and individual buyers to large extent due to many structural changes and ambiguities regarding the new system prevalent…
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…
