The Government of India is encouraging the small and medium enterprises in the country. MSME registered enterprise are eligible to get various incentives, benefits, and subsidies. To bring all the MSME at a single platform and saves paperwork, the government has introduced Udyam Registration services. It is based on the self-declaration and Aadhaar details only. […]
Every eligible business needs to take GST registration under Goods and Service Tax (GST). After GST registration, the GST portal allots a unique GSTIN (Goods and Services Tax Identification Number) to every taxpayer. It is a 15 digit alphanumeric number in the prescribed structure. The GST number verification online is necessary as it helps the […]
An eligible person is required to take GST registration in India to collect and pay tax to the government and avail of the input tax credit on the inward supplies. For GST registration, the taxpayer needs to submit the documents at the GST portal. In this article, we have shared the complete list of documents […]
The due date of filing an Income tax return is near after so many extensions, i.e., 31st December 2020. After filing your income tax return, it is mandatory to verify ITR-V; otherwise, your return will not be treated as a “Valid Return.” On successful E-verification of return only, your refunds (if any) are proceeds by […]
Section 194J of the Income-tax Act, 1961 deals with TDS deduction on fees for professional or technical services. The prescribed persons are required to deduct TDS @10% or 2%, as per the case may be when the payment amount exceeds Rs. 30,000. In this article, we have added Everything you need to know – Section […]
Meaning of Gratuity Gratuity calculation and provisions are covered under the Payment of Gratuity Act 1972. Gratuity is given by the employer to an employee for rendering services for completing 5 or more years of services during the employment. Besides that, there are a few more conditions to be eligible for gratuity benefits. The amount […]