Don’t be just Literate become Financially Literate As Well Financial Literacy and its Significance:- Being financial literate is extremely pivotal in this era of globalisation where there is huge rush towards gaining more and more financial independence. Financial Literacy in simple words refer to the idea of being aware about different financial components and skills …
Note 2: Not Opting for Quarterly Return Filing and Monthly Payment of Taxes Scheme- Timeline for filling GSTR – 3B with Annual Turnover up to 5 Crore in State 2 Group ( Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Meghalaya, Assam, Jammu and Kashmir, Ladakh, Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, West Bengal, Jharkhand, Odisha , Manipur, Mizoram, Tripura, Chandigarh, Delhi).
How to close LLP in India LLP Strike Off (Closure) First we need to understand LLP then we will understand closer of LLP: Limited Liability Partnership is a sought of an alternative corporate business, which strives to provide the benefits of limited liability of a company and the flexibility of a partnership. Change in partners …
The Signing of company’s financial statement under the Companies Act The Financial Statement is a significant statement for a business that must be prepared every FY & audited by the company’s auditors. The Financial Statement contents the assets, liabilities, and shareholders’ equity of the business. Financial Statement is needed to be prepared in order for …
How can NRIs reduce TDS on property sales? NRIs are allowed to save taxes on the sale of residential property under sections 54, 54EC, and 54F In India, Section 54 allows NRIs to claim long-term capital gain exemption. If the property is a let-out or a self-occupied Residential property, NRIs might request an exemption under …
TDS on Sale of Property by NRI/Purchase of Property from NRI Brief Discussion of the TDS on Sale of Property by NRI/Purchase of Property from NRI and How NRI can lower the TDS on Property Sale. TDS should be deducted whenever a property is purchased or sold. At the time of making payment to the …
Penalty on Harassment by GST Officer in granting GST Registration GST department was fined by the Allahabad high court for harassing people by copying their electricity bills in order to obtain GST enrollment. The petitioner Ranjana Singh is engaged in the business of providing employment through consulting, which falls under the ambit of the UP. …
Importance of Tax Consultant in India Overview People often say that employing a tax consultant is a waste of money, but they will, on the contrary, show to be a valuable asset in your life. Before going into the advantages of employing a tax consultant, it’s important to know what a tax consultant is. Tax …
The Role of the Chartered Accountant in Tax Planning Tax planning is the process of putting the provisions of the Income Tax Act of 1961 into practise. To put it another way, tax planning is the process of examining a person’s situation in the most significant way possible. As a result, someone might steal such …
The Treatment of Cryptocurrency as Goods or Services in India: Brief Introduction If you’re uninterested in the government’s debate over the topic, whether cryptocurrency be considered or termed as an asset or currency, then herein we would be discussing about a new debate which awaits. During & after GST raid on crypto exchanges that virtual currencies trade like bitcoin, …