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MKDA_Sale of Property

Understanding Form 26QB: Mandatory TDS on Sale of Property

When buying or selling property worth over ₹50 lakhs, it's mandatory to handle the Tax Deducted at Source...

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MKDA_GST Audit Under Section 65

Understanding GST Audit Under Section 65 of the CGST Act: What You Need to Know.

Complying with the Goods and Services Tax (GST) regulations is essential for businesses operating in India. Section 65 of the CGST...

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MKDA_GST on Indian Business

The Impact of GST on Indian Businesses: Exploring the Advantages and Disadvantages

The Goods and Services Tax (GST), introduced in 2017, revolutionised the Indian tax landscape by consolidating multiple...

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Revocations of GST Registration

Revocation of GST Registration

The GST, or Goods and Services Tax, has replaced indirect taxes such as service tax, VAT, excise duty etc. GST registration allows individuals to claim back the GST they pay for the goods and services they purchase. But GST authorities have the authority to cancel...

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FSSAI Licence Categories

What are the FSSAI License Categories?

Individuals interested in starting a food business in India must apply for FSSAI licensing according to the FSSAI Regulation of 2011. Based on different types of companies, the government has set varied thresholds...

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Partnership to Private

Convert Partnership Firm into a Private Limited Company.

When starting a business, they initially go for partnership or sole proprietorship because of compliance requirements and low budget. Further, they opt for the conversion of a partnership firm...

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How to get FSSAI License

How to Get an FSSAILicense?

Food business operators in India need to get FSSAI licenses as they deal with food which is the most important requirement of human beings. FSSAI basic registration or license ensures that the food offered by a particular business aligns with the food safety regulations put down by the FSSAI...

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GST Application Rejected

GST Application Rejected

GST registration in Bangalore receives an exclusive identification number from a supplier from the concerned tax authorities. It serves as the taxpayer's identification, and every business or supplier with an annual turnover of Rs. 40 lakhs or more must go for GST registration...

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Benefits of a Private Limited Company

Top 7 Benefits of a Private Limited Company

When registering a business entity, selecting the proper structure is vital in its operations. There are several advantages of private limited companies compared to LLPs. Starting a Pvt Ltd company is a smart way to venture into the business world...

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Submit ITR Form for Private Limited Company

A Comprehensive Guide to Submit ITR Form for Private Limited Company

Tax return forms enable the taxpayer to declare their expenses, income, investments, deductions, taxes etc. Most people perceive filing tax returns....

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An Overview of GST Audit: Different Types, Objectives and Steps for Preparation

An Overview of GST Audit: Different Types, Objectives and Steps for Preparation

The tax reform launched by the Indian Government in 2017 introduced GST in India. This new scheme is an efficient tax mechanism that simplifies taxation by following the approach ...

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GST Compliance: Everything That You Must Know

GST Compliance: Everything That You Must Know

Major tax reform in the country has been ushered in by implementing the new GST tax system. The new system combines federal, state, and local taxes into a single, fungible tax. This needed improvement in reduced administrative red tape and improved...

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MSME Registration Benefits – What to Know?

MSME Registration Benefits – What to Know?

The MSMEs (Micro, Small, and Medium Enterprises) propel the nation's economy and are a critical factor in the socioeconomic development of emerging nations like India. The MSME industry in India has the second-highest employment rate, behind the agricultural sector...

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Section 145 of the Income Tax Act, 1961?

What is Section 145 of the Income Tax Act, 1961?

Let us understand the standards and details of Section 145 of the Income Tax Act of 1961 for business owners. You must be aware of the clauses of the 145 Section of the Income Tax Act. You would also get a clear overview of Section 145(2) of Income Tax Act in this article...

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Conversion Of Private Limited Company To LLP

Conversion Of Private Limited Company To LLP

Due to their numerous benefits, LLP companies are very common, as they are said to combine the business structures of both a company and a partnership. LLP has a reputation for combining flexible partnerships with company benefits. The LLP, or Limited Liability Partnership, ...

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Income Tax Return (ITR) Online With Or Without Form 16

How To File Income Tax Return (ITR) Online With Or Without Form 16

An Income Tax Return, ITR, is a form where the taxpayer files details about the income they earned for the year and the applicable tax, investments, and dedications to the IT (income tax) department...

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Special Economic Zone

Special Economic Zones - Related Issues Under GST

The special economic zone, or SEZ, is an area that is one of the best-conceived for businesses. It is one of those regions that has economic laws that are very liberal when it comes to taxation, trading, labour regulations, customs, and quotas...

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Supply Under GST

Definition of Scope of Supply under GST: Everything Explained

The Indian Government came up with the GST or Goods and Services Act in 2017 and the scope of supply under GST to handle the country's existent multi-faceted indirect tax policies. This new tax regime's main objective was to eliminate taxes' cascading influence...

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Service Tax on Education

Comprehensive Service Tax Education Guide to Know More

The positive list scheme of the service act under the Finance Act of 1994 incorporates a specific entry under Section 66D. This is called the Negative List...

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Service Tax on Education

Difference Between Limited Liability And Unlimited Liability

If you are establishing your own company, it is important to know about limited and unlimited liability. Understanding the differences will help you save your business...

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Service Tax on Education

Formation of a Company under Companies Act, 2013

Get a complete overview of the formation of a company Under Companies Act, 2013. Learn the minimum requisites to incorporate a company under this act.....

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Service Tax on Education

Section 50C of Income Tax Act

If you are selling or purchasing a property, it is important to know about the provisions mentioned in the Section 50C of Income Tax Act...

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Service Tax on Education

TDS on reimbursement of Expenses

TDS on reimbursement of expenses cannot be deducted from the bill amount for the purpose of tax deduction. The payer is not obligated to deduct TDS under 194C...

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Service Tax on Education

Income tax form 15G

The income tax form 15G is a declaration that can be filled out by the fixed deposit holders to ensure that there is no deduction of TDS from their interest for the fiscal year...

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Service Tax on Education

Startup India: Eligibility & Tax Exemptions

The Startup India campaign was started in 2016 with the aim of boosting entrepreneurship within the nation. This post will cover startup India tax exemption in India...

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What are Prior Period Expences

What are Prior Period Expences

Learning the impact of prior period expenses on your business's financial health is paramount. So, if you don't know where to begin, here's a guide...

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What is the Difference Between NRE and NRO Accounts

What is the Difference Between NRE and NRO Accounts

Are you confused between NRE and NRO accounts? Explore the significant differences between NRE and NRO accounts in this post to understand their benefits and features for managing your finances effectively...

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How should I file TDS TAN Quarterly Returns

How should I file TDS TAN Quarterly Returns

Want to know how to file TDS quarterly returns accurately and effectively? Get step-by-step guidance and essential tips for a hassle-free filing process...

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What is Input Tax Credit in GST

What is Input Tax Credit in GST

Is the concept of input tax credit under GST confusing you? You can explore the topic in detail in this post to learn how it works...

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What is Export of Services in GST

What is Export of Services in GST

How is the GST levied on the export of Services under GST, and how can you claim a refund? Find the answers below...

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How to File GST Returns

How to File GST Returns

A taxpayer who has registered under GST has to do GST return filing. Learn more on how to file GST returns online...

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What is the Importance of Incometax Returns

Importance of Incometax Returns

Discover the Significance of Income Tax Return Filing. Understand the Importance of Filing Income Taxes for Financial Wellness and Compliance. Read on...

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What is Form 15 CA and 15 CB

What is Form 15 CA and 15 CB

Are you making foreign remittances? If yes, learn about the importance of Income Tax Form 15 CA/CB here...

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reversal of itc under gst

Reversal of ITC under GST

The input tax credit, ITC is the credit for the GST paid on buying services or raw materials for the sale or manufacturing of products. If this is availed wrongly, then the reversal of ITC happens by paying the same amount as the wrongly availed amount...

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Start up Registration in India

Start up Registration in India

Hundreds of startups have mushroomed in India and are currently booming. The government, too, is encouraging and helping entrepreneurs in India establish startups...

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194N TDS Section

194N TDS Section

As per Section 194N of the Union Budget 2019, TDS shall be deducted at prescribed rates for more than Rs. 20 lakh cash withdrawn by the taxpayer during the fiscal year...

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everything You Must Know About GST Composition Scheme

Everything You Must Know About GST Composition Scheme

GST composition scheme is beneficial for small taxpayers. Read on to know the composition scheme in GST's significance, features, and rules...

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Authorised Representative in GST

Authorised Representative in GST

An authorised representative is a person who is approved by a person to represent them on their behalf. Section 116 of the GST Act...

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TDS Compliance

TDS Compliance

Acknowledge TDS compliance regulations and stay out of trouble. For effortless compliance, get professional help from CA Manoj Kumar firm. Ensure your tax clarity now!!..

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Benefits of trademark registration

Benefits of trademark registration

Want to know about the benefits of trademark registration? Here is an in-depth guide to help you have a detailed understanding of them...

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Form 26Q TDS

Form 26Q TDS

Are you facing difficulties in filing returns? Don't you know how to fill out the form 26Q TDS? Then, our team can help you with the correct process...

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GST benefits for startups

GST benefits for startups

Learn GST benefits for startups to ensure growth and financial efficiency by providing tax incentives, refunds, and compliance...

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Food license renewal

Food license renewal

Not sure whether food license renewal is a good idea? Let’s help you understand the process and details about it...

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Section 24 of the Income Tax Act

Section 24 of the Income Tax Act

24 of the Income Tax Act allows homeowners to claim deductions for the interest paid towards home loans for self-occupied property. Read on to learn more about this deduction....

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union_budget_2024

Deduction in New Tax Regime

Deduction in the new tax regime excludes several tax benefits under Section 80C of the Income Tax Act and benefits of medical insurance premiums under Section 80D. Read on to know more...

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diff_btw_llp_partnership_firm

LLP vs. Partnership

Know the main differences between LLP vs. Partnership and start your preferred business confidently...

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