Starting a business in India is not an easy task. The person is required to make a plan for each and every aspect and complying with all the norms articulated by government is one of them.…
Section 206AB and section 206CCA are newly inserted sections in the Income Tax Act, 1961. These two sections mandate tax deduction or collection at a higher rate for non-filing of returns…
As per the provisions of Section 194Q, TDS will be deducted by buyer if purchase of goods exceeds Rs. 50 lakhs.…
The GSTR-2A and GSTR2B both are the statements which reflect details of input tax credit (ITC) available to the taxpayer. But still there are few differences in GSTR-2A and GSTR-2B…
You all must be knowing about the new Income Tax Portal which CBDT launched on 7th June, 2021. But as always the new things come up with new tasks, it takes time to understand them. But we made it easy for you; refer the entire article to file your ITR-1 under the new Income Tax Portal.…
OPC is specifically for individual entrepreneur who is looking forward to take his business once step ahead and LLP is mostly for the efficient team who is running startups.…
As per the new amendment, the taxpayers will know about his or her high-value financial transactions directly in form 26AS. This information will help taxpayers to submit their “Specified Financial Transaction” report…
The new income tax portal will be launched on 7th June 2021. The Income Tax Department is launching new e-filing portal to provide convenient and modern seamless experience to taxpayers.…