Tax and Law Practitioner
28/08/2024
Biometric based Aadhaar Authentication and Document Verification for New GST Registration with Slot Booking Facility.
Now Rolled Out in Dadra and Nagar Haveli and Daman and Diu, and Chandigarh also.
The facility has been rolled out in 8 States/UTs till August 24, 2024.
28/06/2024
28/06/2024
NEW UPDATE ✅
You can now file Tax Audit Report via Aadhar OTP.
No need of Digital Signature (DSC).
25/04/2024
Difference between Gross Total Income and Total Income
Source
24/04/2024
⚠️📢 Good news for TDS deductors/collectors!
IT रिलीफ़-यदि आपको किसी का टैक्स स्रोत पर TDS/TCS काटना है और उसका पेन आधार से लिंक नहीं होने के कारण बंद है तो आपको नॉर्मल रेट से अधिक रेट से TDS/TCS काटना होता है।
इसके लिए अब CBDT ने यह बताया है कि 31 मार्च 24 तक के व्यवहारों के लिए आप उन व्यक्तियों से संपर्क कर उनसे 31 मई 2024 तक उनसे आधार पेन लिंक करवा लें तो अधिक दर से TDS/TCS नहीं जमा कराना पड़ेगा।
17/04/2024
Income Tax Returns ITR-1, ITR-2, ITR-4 & ITR-6 for AY 2024-25 Now Enabled for Online and Offline Filing; Excel Utilities Available for Download
16/04/2024
Eway Bill पर छोटी मगर मोटी बातें 👇🏻
Compulsory ITR Filing!
The Income Tax Department has identified 1.52 crore individuals who have the income or have had tax deducted at source (TDS) but did not file their returns.
When one must file an Income Tax Return (ITR)?
If you are a Company or partnership, ITR Filing is compulsory.
Other than that, ITR Filing is compulsory if:
- Total Income (without any deduction) is more than Slab Limit.
- Claim Refund
- Income/ Investment in Foreign Assets
- Carry forward Loss from PGBP
- Deposited more than 1Cr in Current Account
- Deposited 50Lakh or more in Saving Account
- Spent More than 2 Lakh on Foreign Travel
- Spent More than 1 Lakh on Electricity
- TDS/TCS 25K or more (50K Limit for Senior Citizens)
- Business Turnover of more than Rs. 60Lakh
- Professional Receipts more than Rs. 10 lakhs
Basic limits under GST-
* Registration - 10/20/40 Lkh
* Composition - 75 Lkh /1.5 Cr
* Annual Return - 2 Cr
* QRMP Scheme - 5 Cr
* 6 digit HSN - 5 Cr
* Reco Statement - 5 Cr
* E-Invoice - 5 Cr
* E-way Bill - 50 Th per bill
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