As this financial year draws to a close and a new one is round the corner. Here are a few activities to be done before the end of the FY or to be executed at the start of the new financial year from the GST point of view. • Apply for Composition...
Read MoreHave you paid the TDS on rent of your residential house yet?
Did you know you may need to deduct and pay TDS on the rent paid for your residential house? If not, this article will help you understand everything about TDS on rent of residential property. • Section 194IB requires an Individual and HUF who is...
Read MoreHurry Up!! Pay your advance Tax Fourth Instalment by 15th March
Any person whose tax liability during the year exceeds Rs. 10,000/- is required to pay Advance Tax to the Central Govt. From FY 2016-17 i.e AY 2017-18 onwards all taxpayers with tax are required to pay advance tax in four instalments starting...
Read MoreLink your PAN with Aadhaar by 31st March to avoid Deactivation
The Linking of PAN with Aadhar is mandatory till 31.03.2023 to avoid deactivation of PAN. Therefore, if you do not link your PAN with Aadhar, the PAN will be deactivated after 31st March’2023. The Deactivation of PAN after 31.03.2023 can affect...
Read MoreTaxability of PF Withdrawal and TDS
If you are an employee and contributing every month to Employees Provident Fund then you should read this. Withdrawal from your PF account can be taxable in some cases and non-taxable in certain circumstances. PF withdrawal before completion of 5...
Read MorePAN Card of a Minor in India
PAN Card of a Minor in India There is no age limit for applying for PAN Card In India. As per section 160 r/w section 139A of the Income Tax Act’ 1961, even a minor can apply for PAN card and file ITR in India through a representative assessee...
Read MoreNew GST Registrants – Furnish bank details on GST Portal (Rule 10A)
Many new GST registrants do not know they have to update their bank account details after getting their GST Registration within prescribed time limit. These days the banks do not open the accounts unless you take a GST registration especially in...
Read MoreIncome Disclosure Scheme
Income Disclosure Scheme 2.0 another chance for Tax Evaders – Everything you must know By CA Pratik Anand After bringing in de-monetisation, the Govt. has now given second opportunity to the people with black money to come out clean without...
Read MoreFAQ On Withdrawal
FAQs on Withdrawal of Rs. 500 and 1000 notes- 10 Things You must know immediately Q. What do I do with my Rs. 500 and Rs. 1000 that I have? Persons holding old notes of five hundred or one thousand rupees can deposit these notes in their bank or...
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