Supercharge Tax Benefits With Section 80RRB
Posted Date : 21-Jul-2023 , 11:07:19 am | Posted By
CA Jyoti Agrawal
Royalties on patents are similar to rewards for producing excellent work. Section 80RRB was included to the Income Tax Act to encourage people. Taxpayers may deduct revenue from royalties on patents under this clause. According to section 80RRB, the taxpayer is qualified to make a deduction claim. T...
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Category : Income Tax |
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Nifty All Time High - Investment Tips
Posted Date : 20-Jul-2023 , 03:39:38 pm | Posted By
NIKITA AGARWAL
When the Nifty (or any stock market index) reaches an all-time high, it can be an exciting time for investors, but it also calls for cautious decision-making. Here are some key points that an investor should keep in mind during such times:
Avoid Emotional Decisions: Reaching an all-time high can ...
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Category : Shares & Stock |
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Fill out the Deceased's Income Tax Return as the Legal Heir
Posted Date : 18-Jul-2023 , 10:11:47 pm | Posted By
CA Jyoti Agrawal
Did you realise that taxes can be levied on the deceased as well? As absurd as it may appear, if a deceased person had taxable income, income tax returns had to be submitted for that person. For the income earned up until the date of death, his legal heir or representative must file the return on hi...
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Category : Income Tax |
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Process to Download GST Registration Certificate
Posted Date : 18-Jul-2023 , 04:35:56 pm | Posted By
Ishita Ramani
Introduction
The GST registration certificate is a legal document that is a proof of the GST registered taxpayers in India. Any company or firm in India whose revenue exceeds the GST registration criteria is required to register under GST. Entities such as casual taxable persons, non-reside...
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Category : GST |
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Calculation of Capital Gains on Shares when the cost of purchase is unknown
Posted Date : 17-Jul-2023 , 05:58:58 pm | Posted By
NIKITA AGARWAL
Calculating capital gains on shares when the cost of purchase is unknown can be challenging. However, there are a few methods you can use to determine the cost of acquisition and calculate the capital gains. Here's a general approach:
Determine the fair market value (FMV) as on 31st January...
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Category : Income Tax |
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How to Get FSSAI Certificate
Posted Date : 16-Jul-2023 , 07:50:39 pm | Posted By
NIKITA AGARWAL
FSSAI (Food Safety and Standards Authority of India) registration is mandatory for any business involved in the food industry in India. The registration process involves several steps and requires specific documents to be submitted. Here is a detailed analysis of how to do FSSAI registration in Indi...
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Category : General |
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LLP and Partnership Firm: Meaning and Differences
Posted Date : 15-Jul-2023 , 05:35:12 pm | Posted By
Ishita Ramani
Introduction
When starting a partnership business, the first decision a businessman has to make is what type of partnership business they want to register. The 2 most common types of partnership business structures are Partnership Firm and Limited Liability Partnership (LLP). In this blog, ...
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Category : Corporate Law |
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Step-by-step process for obtaining a legal heir certificate, along with explanations.
Posted Date : 15-Jul-2023 , 01:59:32 pm | Posted By
NIKITA AGARWAL
A legal heir certificate is an important document that establishes the rightful heirs of a deceased person. It serves as proof of inheritance and is required for various purposes, including claiming assets, accessing bank accounts, applying for government benefits, and settling legal matters. In thi...
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Category : Corporate Law |
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Do's And Don'ts while filing TDS return
Posted Date : 14-Jul-2023 , 08:56:26 am | Posted By
NIKITA AGARWAL
While filing TDS Return, A Return Preparer should keep in mind the following Do's and Dont's:- Do's: 1. Read the instructions carefully: Familiarize yourself with the guidelines and instructions provided by the Income Tax Department for filling TDS returns. 2. Use updated forms: Always use ...
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Category : TDS |
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Comprehensive overview of Tax Deduction at Source (TDS)
Posted Date : 13-Jul-2023 , 06:34:24 pm | Posted By
NIKITA AGARWAL
This article provides a comprehensive overview of Tax Deduction at Source (TDS), covering various aspects such as forms, returns, challans, due dates, and related information. TDS is a mechanism employed by tax authorities to collect taxes at the source of income. This aims to explain the concept of...
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Category : TDS |
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Mistakes that a newly qualified Chartered Accountants do while finding jobs
Posted Date : 13-Jul-2023 , 06:17:33 pm | Posted By
NIKITA AGARWAL
Mistakes that a newly qualified Chartered Accountants do while finding jobs
1. Neglecting professional networking opportunities: Failing to actively seek out and engage with potential employers and industry professionals.
2. Insufficient research: Inadequately exploring the job market an...
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Category : CA |
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The Process to Prepare the GST Audit
Posted Date : 13-Jul-2023 , 12:08:58 pm | Posted By
Ishita Ramani
Introduction
Registered taxpayers in India with an aggregate turnover of more than 2 crores in a financial year must have their accounts book audited by an authorized Cost Accountant or a Chartered Accountant in accordance with Section 35 (5) of CGST Act. The taxpayer must submit a copy of ...
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Category : Income Tax |
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Addressing a career gap in your CV can be challenging- Here are the some ways by which you can address it
Posted Date : 12-Jul-2023 , 10:51:18 am | Posted By
NIKITA AGARWAL
A lacuna in your employment history within your curriculum vitae can have potential drawbacks on your job hunt and career opportunities. Addressing a career gap in your CV can be challenging, but there are several unique ways you can handle it. Here are some approaches you can consider:
Address t...
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Category : General |
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0 | Hits : 319 |
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Recovering lost physical shares and transferring them to a Demat account can be a complex process- Complete guide step wise
Posted Date : 11-Jul-2023 , 12:24:43 pm | Posted By
NIKITA AGARWAL
Recovering lost physical shares and transferring them to a Demat account can be a complex process, involving various steps and documentation. Below is a step-by-step guide to help you through the process.
Step 1: File an FIR (First Information Report)
If your physical shares have been lost or st...
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Category : Shares & Stock |
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Process of Restoration of Cancellation of GST Registration
Posted Date : 11-Jul-2023 , 12:16:02 pm | Posted By
Ishita Ramani
Introduction
When your GST registration has been cancelled by the authorities, you can apply for restoration by filing Form GST REG-21 within 30 days of receiving the cancellation notice. However, restoration is only possible if the authorities have cancelled the registration; if you cancel...
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Category : Corporate Law |
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How to Reconcile GSTR1 with GSTR 3B(Steps by Step)
Posted Date : 10-Jul-2023 , 05:30:36 pm | Posted By
NIKITA AGARWAL
Reconciling GSTR-1 with GSTR-3B requires a step-by-step process to ensure accuracy. Here's a practical guide to reconciling these two GST returns: Step 1: Understand the Difference Between GSTR-1 and GSTR-3B GSTR-1 is a return that contains details of all outward supplies (sales) made during a spe...
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Category : GST |
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Tax on Income from Share Market Trading and Investing | Taxation on Shares and Securities - Part 1
Posted Date : 07-Jul-2023 , 09:54:50 am | Posted By
CA.Khurana Vivek
Taxation on Shares and Securities - Part 1
Taxation on Trading of Shares
Listed Shares
Unlisted Shares
Taxation on Mutual Fund
Debt Oriented
Equity Oriented
Bonds & Debentures
Listed
Unlisted
Zero Coupon
CBDT Circular No.4/2007 dated 15.06.2007, Cir...
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Category : Income Tax |
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The Process of LLP Annual Compliance
Posted Date : 05-Jul-2023 , 03:38:42 pm | Posted By
Ishita Ramani
Introduction
A Limited Liability Partnership (LLP) has fewer compliance obligations compared to a Private Limited Company. However, it is important to file returns regularly to ensure compliance and avoid penalties. This blog will provide information on LLP Annual Filing, LLP Annual Complia...
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Category : Corporate Law |
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What are the reasons for Company Name Rejection?
Posted Date : 30-Jun-2023 , 03:30:02 pm | Posted By
Ishita Ramani
Introduction
Choosing a company name is a crucial step when registering a Private Limited Company. During the name approval process conducted by the Ministry of Corporate Affairs, applicants are required to submit two options for the company name in order of preference. The Registrar of Com...
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Category : Corporate Law |
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Canada Express Entry Draw - IRCC issues 9100 ITAs in Latest 2 Express Entry Draws for PR
Posted Date : 28-Jun-2023 , 09:56:42 pm | Posted By
CA.Khurana Vivek
Latest Express Entry Draw for PR on 27th June 2023.
Second Express Entry draw of June 2023. First was on 08th June 2023. The draw was a surprise as it marked the second Express Entry round of invitations in consecutive weeks. IRCC has now already invited 9,100 Express Entry candidates in...
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Category : Income Tax |
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0 | Hits : 919 |
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