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In India when businesses engaged in the distribution of commodities or supplies services have a turnover beyond Rs 20 Lakhs, then those companies are required to complete registration under GST. However, in North-eastern states and states in hilly areas, the turnover is relaxed to Rs 10 Lakhs. Casual registration is made by an individual who supplies goods or provides services on …
E-Verification of Income Tax Return in India
Citizens in India are required to file their income tax return. Tax Filing is quite an easy process to comprehend. In this procedure, one needs to disclose their income and taxes paid by them to the government. Primarily, filing tax return enables us to declare our annual income, as well as keeps a record of the amount …
In India when businesses engaged in the distribution of commodities or supplies services have a turnover beyond Rs 20 Lakhs, then those companies are required to complete registration under GST. However, in North-eastern states and states in hilly areas, the turnover is relaxed to Rs 10 Lakhs. However, in the 23rd GST Council Meeting, the modification in GST …
Information regarding Deductions –on Section 80C, 80CCC, 80CCD, and other noteworthy 80 Deductions
As per Section 80C, Rs 1,50,000 can be claimed as a deduction from the total income. In short, an individual may cut down up to Rs 1,50,000 from the sum total of the taxable income with the help of Section 80C. In addition, this deduction is permissible either for an …
As mentioned in sub-section (1) and (1A) of section 197A of the Income Tax Act introduced in 1961, Form 15G is a declaration, whereby an individual and not a company or firm may profess assured receipts with no deduction of tax.
As mentioned in sub-section (1C) of the section 197A of the Income Tax Act introduced in 1961,
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MSME or SSI
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Import Export
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