GST on Mobile Phone and Mobile Accessories in India
GST on Mobile Phone and Mobile Accessories in India: In this blog, we primarily explain the GST rate on mobile phones, GST on mobile accessories and whether we can claim GST on mobile phones as input tax credit. GST Impact on Mobile Phones: By bringing all goods and services under a single taxation system GST […]
MahaRERA New Guidelines/Directive for Real Estate Agents
New Guidelines for Real Estate Agents MahaRERA new Guidelines/Directive for Real Estate Agents: In Recent days MahaRERA has released many guidelines or directives which one needs to be follow as Real Estate Agent. RERA enacted with the aim to bring transparency in the dealing of buying and selling of real estate. Even today many transactions […]
Important Things to Know Before Filing Income Tax Return Online
Important Things to Know Before Filing Income Tax Return Online: As tax season approaches, it’s crucial to stay well-informed about the process of filing income tax returns, especially when it comes to the online filing method. In today’s digital era, filing taxes online has become increasingly popular due to its convenience and efficiency. However, before […]
Budget 2023- Key Points Related to Direct taxes
Budget 2023- Key Points Related to Direct Taxes: Exploring the Highlights and Implications Budget 2023- Key Points Related to Direct taxes: Budget 2023 is the first budget of Amrit Kaal as usual it’s always debatable among taxpayers whether it’s a Good Budget or Average Budget. I will try to decode this in simple terms to […]
ITR Verification Process
ITR Verification Process: Ensuring Ultimate Compliance ITR Verification Process: CBDT w.e.f from 01/08/2022 has reduced the time limit for ITR Verification from 120 days to 30 days. With this change its clear that GOI is discouraging the practice of sending ITR to Bangalore. There are lots of verification methods for ITR, the most popular is Aadhar […]
What Happens if You Miss the ITR Filing Deadline?
What Happens if You Miss the ITR Filing Deadline?: Last Date for Filing Income Tax Return was 31st July of every year but this time the GOI has not extended the due date and despite record number of filing still many people are yet to file their Income Tax Return. So what is the course […]
ITR – U
Understanding ITR – U: An Overview ITR – U: Many People who could not file ITR properly or some unintentional mistake happens during filing of ITR will now get a chance to File ITR – U. CBDT recently notified forms on 29th April 2022. The government is giving a chance to assessee to correct ITR […]
Compulsory Filing of Income Tax Return
Compulsory Filing of Income Tax Return Compulsory Filing of Income Tax Return: Every Individual other than company or a firm, if his total income or the total income of any other person in respect of which he is assessable under this Act during the previous year exceeded the maximum amount which is not chargeable to […]
E Invoice
Understanding E Invoice: A Comprehensive Overview Applicability & Non Applicability E Invoice is applicable to all B2B Invoices, after generating E Invoice a unique Invoice Reference Number (IRN) will get generated. Currently E invoice is applicable to business which have turnover more than 50cr but from 1st April 2022 E Invoice is applicable to […]
ITR Filing Process
ITR Filing Process: A Comprehensive Guide Step-by-Step Guide ITR Filing Process: For filing ITR via the e-filing portal, you’ll need to visit “ eportal.incometax.gov.in ” and need to enter username and then password. In the next step, you will need to select the ‘e-file’ option, followed by clicking on the Income Tax Return and then finally ‘File […]