Content: Under Section 44AD Under Section 44ADA Under Section 44AE Section 44AD (Provisions for computing profits and gains of business on presumptive basis) Applicability The provisions of this section will only apply to resident Individual/ HUF/ Firm (except LLP) and is optional to all assessee. This section is applicable only if the turnover should not…
Table of Content Steps to use the offline tool Details which can be entered in Offline Tool Details which are un-editable in Offline Tool Some important points related to using offline tool are An EXCEL based offline tool has been provided on GST(Goods and services taxes) portal for composition taxpayers to prepare their GSTR-4 Annual…
Content What is intraday trading? What are the pros of intraday trading? What are the cons of intraday trading? What are the strategies for intraday trading? Taxation of gains and losses from intraday trading. What is intra-day trading? Intraday trading is that type of trading where buying and selling takes place within a day, and…
Content When does GST becomes applicable on rental income from commercial activities? GST rates on renting residential dwelling for commercial purposes. Is the GST on rent claimable for the purpose of input tax credit (ITC)? What will be the place of supply in case of GST on commercial rent? As per the notification number 12/2017…
GST was introduced with a motive of One Nation One Tax. This new indirect tax regime was pioneered to ease compliance burden and promote ease of doing business as many of the tasks like registration, return filing etc., were based on either real time basis or are time bound processes. The very first step i.e.,…
Income tax filing date is near so you have to file it with precaution because a small mistake can land you into a big trouble with the income tax department. Department can impose high penalty or even serve a notice. Here are Nine mistake that can be happen while filing Income Tax Return by the…
Content Introduction How long does it take to get the refund? What is the process for claiming excess amount from the Electronic Cash Ledger? To whom should I file my application with? Do I need to upload any statement for claiming refund? Can I preview the refund application before filing? How can I track the…
Content: Introduction GST refund claim as per section 54 of CGST Act, 2017 What is the process of Pre- Application Form for GST Refund? What details are captured in Refund Pre- Application Form? Is Refund Pre- Application Form can be revised? Introduction As we all know that GST system is now become computerized and online,…