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 […]
You must have seen you get the salary less than what is written in your offer letter. Or your company’s HR says you your salary is Rs. 17,000, but the in-hand salary is Rs. 15,000. It is shocking, but why you get less salary than it is mentioned in the job offer letter? Every company […]
GSTR-9 is the Annual tax return that includes all business transactions i.e., supplies made and received under various tax heads (CGST, SGST, and IGST) during a financial year. It further contains details such as Taxes paid or adjusted, Input tax credits (ITC) claimed or reversed, Refund claimed, Previous year transactions etc. In simple words, it […]