DSC is a Digital Signature Certificate. This is mandatory for all corporates for filing income tax returns and company’s Act and other statutory related returns. Also it is mandatory for certain specified category of individuals and applying for government tenders. The classes of digital signature depending on the purpose are differentiated. DSC can be applied […]
The Government of India mandates that the individuals and business of all types file income tax returns as per the specification stipulated. The various dates are here below: How to file: First and foremost let us understand what income tax is. Income tax is a tax on profit or tax on salary as stipulated by […]
Income tax filing is mandatory for salaried, professionals, business, income from other sources above a particular ceiling limit. Income tax returns have to be filed carefully as per the Act, declaring all applicable income and claiming available exemptions. TDS deducted if any can be claimed as refund after adjusting the taxes. Last date of filing […]
What is PAN Card? A permanent account number (PAN) is a ten-character identifier issued by Indian IT department to any individual. A PAN is a unique identifier issued to all judicial entities identifiable under the Indian Income Tax Act, 1961. The income tax PAN and its linked card are issued by the Indian Income Tax […]
Let us understand what is MSME Udyam? The Government of India has replaced the previous Udgyog Aadhar Registration with Udyam number with changes in classification for both manufacturing and service sectors. Udyam registration is absolutely necessary to avail MSME benefits announced by the GOI from time to time. Udyam Registration Number has to be generated […]
GST is a simple process where the rates have to be referred as specified in the Goods and Services Act and on the basic rate charged, GST will be applicable. However, discount can be deducted from the price and then the chargeable basic will have GST audit. At present, GST percentages are 0%, 0.25%, 3%, […]
GSTR return filing is mandatory for all GST registered dealers. Every registered dealer has to log into GST portal and file his return. There are many types of returns and they are listed below. · Regular · Composite · Quarterly. A dealer should file returns as appropriate. DUE DATE OF FILING – GSTR1 is applicable for all regular […]
Are you a professional income tax assessee struggling to maintain your income tax file ? Amendments to acts, pre-conditions, ill advice and ignorance are the root of your problems. The income tax provisions of 44AD & 44ADA make it very easy for Professionals to file and maintain their income tax returns. Let us explore and […]
ESIC is a self-financed social security and healthcare insurance scheme for the working class, which has benefited a large number of workers in the unorganized sector who cannot afford the medical expenses. ESIC is mandatory for a company with 9+ employees. The ESIC department may leverage data from various sources and issue notices which may […]
“The best things in life are free, yet eventually the authorities will figure out how to tax them!” Introduction: We all know that PF is mandatory for organizations with employees over 20, but did you every wonder how this 20 plus is computed? For example, a company has got 5 employees on roll and contract employees […]