Explore the details of GSTR-9, the annual return under GST, and understand the implications of late fees. Learn about the GST Amnesty Scheme, providing relief to businesses for filing overdue returns, with a waiver of penalties and late fees. Ensure compliance and avoid financial difficulties.
Futures and options are types of derivatives that are traded in financial markets. A derivative is a financial instrument that derives its value from an underlying asset, such as stocks, commodities, or currencies.
When you sell a property in India, you may be liable to pay TDS (Tax Deducted at Source) on the sale proceeds. The applicable TDS rate for the sale of property is 1% of the sale consideration for transactions where the sale value exceeds Rs. 50 lakhs.
Residential status for income tax refers to the status of an individual or an entity based on their presence or stay in India during a financial year. It determines the extent to which their income will be taxed in India.
ITR filing for A.Y. 2023-24 is now live in offline mode. Learn the step-by-step process to file your income tax return, avoid penalties, and ensure compliance with tax laws. Download the correct ITR form, fill in details accurately, calculate tax liability, pay tax if applicable, and submit the form to the Income Tax Department. Stay informed and file your ITR hassle-free for a smooth financial year.
Capital gain tax is a tax levied by the government on the profit earned from the sale or transfer of a capital asset. A capital asset refers to any property or asset that is owned by an individual or business, such as real estate, stocks, bonds, mutual funds, and so on.
Income Tax Return (ITR) is an important document that reflects an individual’s income, taxes paid, and other financial information. Many banks and financial institutions require ITR documents to process and approve loans. This is because ITR documents provide an assurance to lenders that the individual has a regular and stable income and is capable of repaying the loan.
Discover when the Income Tax Return (ITR) filing for Assessment Year 2023-24 will commence. Mark your calendar and stay updated on the official website for the exact start date. Filing ITR is crucial for avoiding penalties, claiming refunds, creating financial records, and more.
Explore the step-by-step process for the cancellation of GST registration in India. Learn about reasons, filing Form GST REG-16, and the timeline for cancellation. Ensure compliance with regulations for a smooth cancellation process.
Navigate the complexities of Capital Gains Tax on the sale of shares. Uncover the tax implications based on holding periods, LTCG, STCG, and loss scenarios. Expert insights from a GST and Income Tax Practitioner. Contact at 9024915488.
