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Search results for: tax liability

What are Electronic Cash, Credit, Liability, Negative Liability Ledger

GST Guide of Electronic Cash, Credit, Liability & Negative Liability Register

Towards GST the e-Ledger is an electronic form of passbook. These e-ledgers are present to all kinds of GST registrants upon the GST portal. The e-ledgers includes the information of the mentioned particulars: GST Amount deposited in cash towards the government liability in electronic cash ledger. Input Tax Credit available (ITC) balance in the electronic […]

All About Intimation Notice Under Section 143(1)

Easy Guide to Read & Check Income Tax Intimation U/S 143(1)

The ITR filing procedure does not finish at the stage of verification. When the person has validated his own tax returns the income tax department then initiates the process of the tax return. Post to the process of income tax return the income tax department sends the intimation notice. Under section 143(1) of the Income-tax […]

Pay GST on E-Procurement Services

Telangana AAR Rules GST Liability on E-Procurement Services

The Telangana Authority of Advance Ruling (AAR) specified that the GST is liable to pay on e-procurement services furnished to the Government. The petitioner, Telangana State Technology Services Limited (TSTSL) Telangana State Public Sector Undertaking and TSTSL is a Service Agency to the Telangana Government and its Departments relating to Information Technology as well as […]

GST Registration Process for CTP & NRTP

GST Registration Casual & Non-Resident Taxable Person U/S 27

CTP (Casual Taxable Person): Section 2(20) of the CGST Act, 2017 offers that the CTP is an individual who occasionally furnishes the transactions which cover the supply of goods or services or dual towards the case or progress of the business whether the principal, agent or in any other capacity, in the state or the […]

Best Income Tax Software in India

Best 15 Income Tax Software for CA Professionals in 2024

In the current era, people need ready data to execute their chores easier and in less time. CA or tax practitioner companies need effective best income tax return software. Also, they seek effective practice management software for ease of filing compliance and laws. Work in distinct companies is executed through distinct capable software. On the […]

How to Save Income Tax on Salary Above 20 Lakhs?

Zero Tax on Salary Income INR 20+ Lakhs? Legal Way Here…

The income tax provision applies to all the individuals who have been eligible for the income tax bracket as decided by the government of India. The income tax slab starts from INR 5 lakh for individuals having income yearly. There are also certain provisions and deductions which can be done to save the taxes on […]

No Relief on Interest Liability for Taxpayers

Only ITR e-Filing Extension But No Change on Interest Liability U/S 234A

The central board of direct taxes CBDT prolonged the last date for furnishing of different tax returns up to 31st Dec for the current year however it shall remain imposed the interest upon the late payments build post to 31st July which was the previously made last date. The tax payments are to be performed […]

Problems of GST Amnesty Scheme

Issues of GST Amnesty Scheme As Per Section 16(4) for Taxpayers

GST law supports the free flow of the input credit. It is used to permit tax-free transactions and removes the rollover effects. Amnesty is directed towards forgiving the crime or the act of forgiveness for the previous offences. From the compliance of the old dictionary, Amnesty means “a fixed period of time during which people […]

Latest ITR Filing Changes

Review All Income Tax Returns Filing Changes for FY 2020-21

Every year there are some changes that are started in the forms provided to furnish the income tax returns and processes engaged, that the assessee must find out. Indeed in this year, there are some amendments that are built to the forms and engaged with the processes. There are certain revisions that you must find […]

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