Documents required for GST registration
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.…
How to E-verify your Income Tax Return – 6 ways to E-verify return
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…
Everything you need to know – Section 194J – TDS on Professional / Technical Services
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…
Gratuity Meaning and Eligibility Criteria | Gratuity Calculation
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…
What is CTC salary | Gross Salary, Take Home Salary, Basic Salary
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…
Step By Step Guide To File GST Annual Return – GSTR-9
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…
Financial Year and Assessment Year
Taxpayers should be aware of the difference between the Financial Year (FY) and Assessment Year (AY), especially those who need to file their Income tax returns. Many times, taxpayers get…
How to pay TDS Online?
What is TDS and its applicability? Tax Deducted at Source (TDS) is the tax deducted at the time of making specified payments such as rent, commission, interest, etc. All the…