GST
GST Updates: CBIC extend GST return due dates, waives late fees and Interest in GST
On by Parag Agarwal
The CBIC vide various notifications dated May 01, 2021, has extended due dates, waived late fees, and
Common Credit- An Important Part of Input Tax Credit Under GST
On by Parag Agarwal
Input Tax Credit is a topic near to the heart of every taxpayer. A taxpayer is always
e-Invoice Generation 2021 Update & Benefits of E-Invoice Reconciliation
On by Parag Agarwal
e-Invoicing has become a very crucial part of the GST regime in a very short period.
GST Registration: All You Need to Know
On by Parag Agarwal
The government has mandated GST Registration for all eligible businesses and failing in doing so may attract
Current GST Due Dates for the Month of March 2021
On by Parag Agarwal
The GST due date is a date by which taxpayers are required to file their GST returns
Current GST Due Dates for the Month of February 2021
On by Parag Agarwal
The GST due date is a date by which taxpayers are required to file their GST returns
Latest Posts
TDS on Salary: Section 192 of the Income Tax Act, 1961
on: by Parag Agarwal
The salary received by an employee from his/her employer is categorized under the head “Income From Salary”. Here the employer is responsible for deducting TDS on an average rate of Income Tax based on the current slab rate during the relevant
Last Date For Filing Income Tax Return For AY 2021-22
on: by Parag Agarwal
For different taxpayers, the due date varies according to their status under the Income Tax Act.
Section 194Q: Applicability, non-applicability, rate, and example
on: by Parag Agarwal
Last year from 1st July 2020, the government had introduced a new TCS provision u/s 206C(1H). This section was for “seller of goods” on receipts/advance from/for sale of goods, exceeding Rs. 50 Lakhs as a consideration during the financial year. Now
Depreciation Rate as Per Companies Act for FY 2020-21
on: by Parag Agarwal
Meaning of Depreciation- Before knowing the Depreciation Rate as per Companies Act for FY 2020-21, we must know the meaning of depreciation. In simple words, depreciation is a reduction in the value of assets over time, due in particulars to wear
Best Technology Mutual Funds to Invest in 2021 in India
on: by Parag Agarwal
Technology funds in India have consistently provided an annualized return of 14% to 19% over a 5 year period.
Section 12A and 80G: List of Documents required for Registration
on: by Parag Agarwal
Registration u/s 12A- Trust, society, and section 8 companies can seek registration u/s 12A to claim an exemption under the Income Tax Act. Registration u/s 80G- Under section 80G trust or institution can seek registration and it does not apply to
FY 2020-21: Section 44AD of Income Tax Act- Presumptive Scheme
on: by Parag Agarwal
The presumptive taxation scheme of section 44AD is designed to give relief to small taxpayers engaged in any business (except the business of plying, hiring or leasing of goods carriages referred to in section 44AE).
RBI Governor Speech: Shaktikant Das announces term liquidity facility of Rs. 50,000 Crore for access to emergency health security
on: by Parag Agarwal
As per PTI report, before this address, the governor reportedly met with bankers and shadow lenders and discussed current economic situations, potential stress to balance sheets, credit flow and liquidity.
Fixed Assets: Depreciation Rate as Per Companies Act 2013 for FY 2021-22
on: by Parag Agarwal
For calculating Depreciation as per Companies Act 2013, depreciation is calculated by considering the useful life of assets, cost, and residual value.
NSE and BSE Market Trading Holidays Calendar 2022 in India
on: by Parag Agarwal
Indian Stock Market remains closed on Sunday and Saturday, and apart from weekly holidays, the stock exchange in India also remains closed on national and state holidays.