Income tax notices and how to handle them?

Do not panic in case the income tax department sends you a notice even when the income tax returns have been filed from your side within the timeframe.

Current Vs New GST Return Systems

In the GST COUNCIL MEET, It was decided that a New Return System under GST would be introduced for taxpayers. This return system will contain simplified return forms

How to respond a notice Under Section 143(2) of Income Tax Act 1961

Being a human being we can commit mistakes and to rectify these mistakes we need second chance. In case if you have committed any mistake in filing your return

E-assessment scheme 2019

The finance minister has notified the introduction of E-assessment scheme 2019 that seeks human interface elimination between the department of income tax and taxpayer.

Micro-Small and Medium Enterprises (MSME)

Micro-Small & Medium Enterprises (MSMEs) contribute largely in the socio-economic development of our country. MSMEs come under the Ministry of Micro Small & Medium

The Challenges of the New Goods and Service Tax Return System (GST) implementation in India

Though GST was implemented two years ago in India, some of the provisions of the GST law

Income Tax Slabs & Rates : A.Y 2020-21 [F.Y. 2019-20]

Under existing rules of the Income Tax Act, 1961, resident Indian , non-resident Indians (NRIs)

E-invoice Under GST

The GST Council has approved introduction of ‘E-invoicing’ or ‘electronic invoicing’ in a phased manner for reporting of business to business (B2B) invoices to GST System, starting from 1st January 2020 on voluntary basis.

LLP Compliance: How to file an Annual Return?

In India, LLPs must file their Statement of Account & Solvency within 30 days from the end of 6 months from the date of closing of the financial year.

Holding Multiple PAN Cards

The Assessing Officer may levy a penalty of a sum of Rs 10,000 to a person holding multiple PAN cards. A PAN card is one of the most important documents that an individual possesses.

MSME Registration and its Benefits -2

The true mark of a growing and developing society lies in the way it protects its weak. In any industry,