Are you familiar with the new input tax credit (ITC) rule? It has a great impact on the business world. Only 20% of eligible ITC you can claim if GSTR 1 not filed by the suppliers. So, there will be a huge impact of the new ITC rule on the business. On 9th Oct 2019, … Read moreImpact of New ITC Rules on the Business
Ok, you are very curious to know the difference between “Assessment Year” and “Previous Year”. And why not. If you are a taxpayer or a student then you are familiar with these terms. However, in order to proper Income tax Return, you must have proper idea about the difference between these two important terms. Let’s … Read moreDifference between Assessment Year and Previous Year.
So, you want to know the meaning and definition of “Person” u/s 2(31) of the Income Tax Act 1961? You are in the right place. Here you will get every information about the term “Person” u/s 2(31). So, let’s start our discussion. Definition of Person u/s 2(31) of the Income Tax Act 1961 The term … Read moreDefinition of Person u/s 2(31) of Income Tax Act 1961
So, you want to know what is the meaning of “Assessee” u/s 2(7) of The Income Tax Act 1961? You are in the right place. Here, you can find not only the meaning of “Assessee” but also its explanation with example. Let’s start the discussion. Who is an Assessee? Are you liable to pay tax? … Read moreMeaning of Assessee u/s 2(7) of the Income Tax Act 1961.
Hello Friends! How are you? As you already know that the new GST return form will be introduced from OCT 2019. And they are Sahaj, Sugam, and Normal. Now, you have questions about the features of these forms, their eligibility criteria, and other information. So, let us discuss the new return forms in an easy … Read moreNew GST Return Form-Sahaj, Sugam and Normal
As you know the date of GST annual return GSTR 9 is extended to 30th November 2019. A 3 months extra time is enough to understand all the concept related to GSTR 9. Today, we will discuss one of the important topic related to annual return and that is HSN Summary in GSTR 9. HSN … Read moreHSN Summary in GSTR 9
On 5th July evening, I was busy to understand Budget 2019 and its impact on Tax. “There will be no use of PAN card! Is it true?” One of my clients asked me. Believe me, I was ready for that particular question. “No. Not like that”. I replied. He looked at me. There was a … Read moreBudget 2019: 16 Key Points related to Tax
So, you want to know how to reset the income tax e-filing password. It is very easy. If you want to file your ITR, you have to login in your e-filing portal. For this, the user-id and password are very important. By default, your PAN is your user-id. And at the time of registration, you … Read moreHow to Reset Income Tax e-filing Password?
You can pay your income tax in both offline and online mode. However, it is very easy if you choose online mode. Actually, the procedure of online tax payment system is very user-friendly. It is really hassle-free. So, why not you choose the online mode instead of offline mode? And, the best part is you … Read moreHow To Pay Income Tax Online?
It is very important to know how to register and log in on the Income tax e-filing website. Why? Otherwise, you can’t file your returns online. And it is the very first steps in your total income tax journey. You have already earned your income, TDS has deducted already and now you want to file … Read moreHow to register and log in on the income tax e-filing website