What is Chartered Accountancy and How Does One Become a CA?
What is Chartered Accountancy and How Does One Become a CA?: Chartered Accountancy (CA) is a prestigious and globally recognized professional qualification in the field of accounting, finance, and business. CAs are financial experts who provide valuable services in areas such as auditing, taxation, financial reporting, and business advisory. They play a crucial role in […]
A Guidance Tour to Cross Charge
A Guidance Tour to Cross Charge: In this article/blog, we will learn important aspects of GST which is a Goods and Service Tax charged on the supply of Goods and Services. These important aspects are cross-charge and GST implications. What is the Meaning of Cross Charge? Basically, we have to pay GST on the supply […]
Charitable Purpose
Understanding of Charitable Institution & Charitable Purpose In this article, we will try to understand the concept of Charitable Purpose. We have tried to cover different possibilities in the form of guidelines, case laws, and other relative topics. With the intention of giving our readers an enhanced yet simple matter, we have introduced a few […]
GST PMT 09
What is PMT 09 in GST? PMT 09 is a particular challan for transferring the wrongly paid tax liability from one account head to another. It is recently introduced by CBIC. If you have paid a wrong tax, like CGST in place of SGST, you can shift it using this challan. Where is PMT 09 in […]
TDS ON SALARY U/S 192
TDS on Salary u/s 192: An Overview of Tax Deduction at Source for Salary Payments TDS ON SALARY U/S 192: TDS on salary basically means that tax has been deducted by the employer at the time of depositing the salary into the employee’s account. And the amount deducted from the employee’s account is deposited with […]
What is Real Estate Regulatory Authority & Registration Procedure?
What is the Real Estate Regulatory Authority? What is Real Estate Regulatory Authority & Registration Procedure?: Real Estate Regulatory Authority is the full form of R.E.R.A. Implemented in the year 2017 on 1st May, for managing the real estate sector of India with a strict hand. It is implemented across the country to save the […]
Amendments in Companies Act 2013 Because of COVID-19
1) General Circular 10/2020 and 15/2020 – Regarding explanation of spending for CSR Funds for COVID-19 Amendments in Companies Act 2013 Because of COVID-19 The Ministry of Corporate Affairs via General circular number 10/2020, clarified that the quantity spends on account of CSR funds for COVID-19 is eligible for CSR activity. The funds could also […]
EXEMPTIONS UNDER GOODS AND SERVICE TAX (GST)
Goods Exempted Under GST MEANING: EXEMPTIONS UNDER GOODS AND SERVICE TAX (GST): Exemption under GST means relaxation to pay tax sec (11) by the central government on the Recommendation of the GST council. Such exemption may be a general exemption or exemption by special order. CONDITIONS The exemptions is subject to the following conditions: […]
What Is Tax Deducted at Source?
What Is Tax Deducted at Source?: Understanding the Basics and Its Significance What Is Tax Deducted at Source?: Tax Deducted at Source is a full form of TDS. In this write-up, we will discuss Tax Deducted at Source and everything related to TDS such as rates and types of TDS, Advantages of TDS, TDS Deduction […]
INTRODUCTION TO GST COMPOSITION SCHEME
Unraveling the Basics: Introduction to GST Composition Scheme INTRODUCTION TO GST COMPOSITION SCHEME: A composition scheme or composition levy is a simple and hassle-free method of payment of GST on intrastate supplies of goods and services. a small taxpayer can get rid of tedious GST formalities and pay the GST at a fixed percentage of […]