November 9, 2020
Income Tax
Are you just pass out from the college and searching for a job? Or you already have a job and going to file your first income tax returns? If the essence of income tax confuse you? WE are here to guide and help you. Our main aim is to explain …
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November 9, 2020
Income Tax
Why Do So Few Individuals Pay Income Tax In India? – This is the one question that comes to all honest taxpayers who are concerned with and are dealing to make sense of it. Some of the experts in this field have mentioned some of the important facts and aspects …
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March 25, 2020
Income Tax
The last date for filing Income Tax Returns (ITR) has been extended to June 30 The deadline for the income tax return for the financial year 18-19 has been extended to 30th June 2020. Importantly, the delayed payments interest rate has been cut down from 12 percent to 9 percent, …
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February 25, 2020
Business Tips, Income Tax, Start Ups, Taxation
Tax audit is an activity in which a tax agency or an auditor goes through or reviews the complete data of accounts of a business to see the tax compliance. It is mandatory for all companies to ensure that they have conducted regular audits legally under Section 44AB of the …
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February 22, 2020
GST, Income Tax, Taxation
GST or Goods and Service Tax is the largest indirect tax reformation made in India. This single tax is implemented to the supply of goods and services and has replaced many taxes such as Service Tax Law, Central Excise Law, VAT, Octroi, Entry Tax, and so on. The main aim for …
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February 18, 2020
Income Tax, Start Ups, Taxation
Penalty for Late Filing of Income Tax Return The government provides taxpayers 4 months of window to combine all their income details to file their ITR every Assessment Year that is from 1 April to 31 July for the previous financial year. Actually, it takes just a few minutes to …
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December 17, 2019
Income Tax
If you have missed to File your Income Tax Return within the extended deadline, don’t worry, you still have a chance to file it. An income tax return which is filed after the extended deadline is called a ‘Belated Return’. Howbeit, there are a few aspects you have to note …
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November 4, 2019
Business Tips, Income Tax, Taxation
Companies including Private limited company, Limited Liability Company, One Person Company, and Section 8 companies registered in India are required to file an annual return every year with MCA. The main aim of filing annual returns for company is to confirm that the company is still active in the market …
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November 4, 2019
Business Tips, Income Tax, Taxation
Government employees get many benefits when compared with private employees, one of such benefits is receiving a pension, and people who work in private companies do not have this choice. Provident Fund is a social security scheme, initiated to encourage savings among employees. This security scheme benefit employee during the …
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September 28, 2019
Income Tax
Income tax is a tax collected by the government of India depending on the income or profit of the individual or company or firm or authority. Basically, there are two types of taxes, direct and indirect tax. Direct tax is deducted from the individual directly by the government on the …
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