Biggest mistakes people make in India while applying for a home loan has been explained in this article
Works Contract means a contract for building, construction, fabrication, completion, erection, installation, fitting out, improvement, modification, repair, maintenance, renovation, alteration, or commissioning of any immovable property wherein transfer of property in goods is involved in the execution of the such contract.
The GST Composition Scheme was created to make GST payment easy for MSME businesses and simplify GST return filing. Small taxpayers can avoid time-consuming GST processes by paying GST at a fixed rate of turnover.
Senior citizens and a very senior citizen are granted a higher exemption limit as compared to normal tax payers. Exemption limit is the quantum of income up to which a person is not liable to pay tax.
This article prepares for helping to understand how to issue E way bill in case of consignee place and the delivery place is different. Also, help in understanding whose tax invoice will consider during the transportation of goods.
ETFs (Exchange Traded Funds) are passive investment vehicles. They provide direct investment exposure to underlying indexes or commodities such as silver, gold, etc. The Securities and Exchange Board of India (SEBI) requires an ETF to invest at least 95% of its assets in securities in the underlying index.
As the financial year 2022-23 is approaching its end, the last date to file ITR for previous years is also expiring. In this article, let's discuss the two options to file ITR after due date of filing has expired.
Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised for any reason other than fraud or any wilful misstatement or suppression of facts
Important compliances with the existing private companies include director KYC, MSME filings, AOC 4, MGT7, ADT-1, AGM, board meetings, deposit filings, charge filings, DPT 3, director disclosure, and BEN-2.
Many freelancers remain unaware of these tax provisions. Because of this, they forget to pay GST on advance payments, resulting in additional interest and late fees.