Taxation
Professional Tax Enrolment Process
Introduction Professional Tax (P-Tax) is a state-imposed tax on individuals earning an income through employment, trade, or profession. It is mandatory in many Indian states and is governed by respective state laws. Failure to comply with professional tax regulations can result in penalties and interest charges. Understanding ptax enrolment is crucial to ensure compliance with […]
#ptax enrolment
Priyanka
February 24, 2025 at 10:54 AM
What is DTAA in Income Tax and How It Works
Introduction Taxation can become a complex issue for individuals and businesses with foreign income, requiring careful planning and compliance. The risk of double taxation—where income is taxed both in the source country and the country of residence—can significantly reduce earnings and create financial burdens. To address this challenge, countries sign Double Taxation Avoidance Agreements (DTAA), […]
#dtaa in income tax
Priyanka
February 24, 2025 at 10:35 AM
What is Scrutiny Assessment In Income Tax?
Scrutiny Assessment in Income Tax is a detailed check carried out by the Income Tax Department under Section 143 of the Income Tax Act. In this process, the department carefully examines your filed return to confirm that the income, deductions, and exemptions you have claimed are correct, and that all taxes have been paid as […]
#scrutiny assessment in income tax
Swati Raghuwanshi
February 22, 2025 at 10:22 AM
Everything You Need to Know About OIDAR in GST: Registration & Tax Rates
Introduction With the increasing consumption of digital services in India, the Indian government has brought Online Information and Database Access or Retrieval (OIDAR) services under the Goods and Services Tax (GST) framework. Understanding OIDAR in GST is crucial for foreign service providers offering digital services in India. This guide explains what OIDAR in GST entails, […]
#OIDAR in GST
Vanshika
February 22, 2025 at 06:15 AM
Tax in Partnership Firms Explained: How It Is Calculated
Tax in Partnership Firms is a critical aspect of financial planning and regulatory compliance that every business partner must understand. Unlike sole proprietorships or corporations, partnership firms follow a unique taxation structure governed by income tax rules for firms, which define how income is assessed, taxed, and reported. Proper tax planning helps businesses optimize tax […]
#GST on Partnership Firms#Income Tax on Partnership Firm#Income Tax Rules for Firms#Partnership Firm Tax Rate#Partnership Firm Taxation Process#Tax Deductions for Partnership Firms#Tax in Partnership Firms#Tax on Partnership Firm#Taxation of Partnership Firm
Manikuntala
February 20, 2025 at 10:28 AM
A Detailed Guide on Gujarat GST Number Registration and Compliance
Introduction The implementation of the Goods and Services Tax (GST) has significantly transformed India’s taxation system, streamlining tax structures and ensuring a more uniform approach to indirect taxation. This shift has simplified tax compliance, reducing complexities for businesses across the country. Gujarat, being one of India’s fastest-growing commercial hubs, plays a crucial role in trade, […]
#Gujarat GST number
Varnika Gupta
February 20, 2025 at 08:27 AM
How to Use a GST Penalty Calculator: A Complete Guide
Introduction The Goods and Services Tax (GST) regime in India imposes strict compliance requirements, including accurate tax filing and timely payment of dues. Businesses must adhere to these regulations to avoid financial repercussions. Non-compliance, whether due to late filing, incorrect returns, or failure to pay taxes, can result in substantial penalties. Understanding these penalties and […]
#gst penalty calculator
Varnika Gupta
February 20, 2025 at 08:21 AM
GST on Transportation Charges: Applicability, Rates & ITC
Introduction The transportation sector serves as the backbone of India’s economy, facilitating the seamless movement of goods and passengers across the country. With the implementation of the Goods and Services Tax (GST), taxation on transportation services has undergone a transformative shift. Understanding GST on transportation charges is essential for businesses operating in logistics, freight, and […]
#GST on transportation charges
Varnika Gupta
February 20, 2025 at 08:12 AM
A Complete Guide on How to Use the GST Portal Search Function
Introduction The GST portal search is an essential feature for businesses, taxpayers, and professionals looking to manage their Goods and Services Tax (GST) requirements efficiently. The GST website provides a centralized platform where users can conduct a GST online search to access various details related to GST registration, tax payments, and compliance. Among the many […]
#gst portal search
Swati Raghuwanshi
February 20, 2025 at 08:04 AM
GST on Flat Purchase in India Explained
Introduction Buying a flat in India is a significant financial decision, often requiring careful planning and consideration of various cost factors. One crucial aspect that homebuyers must be aware of is the tax implications under the Goods and Services Tax (GST). Since its introduction, GST on flat purchase has transformed the taxation framework for real […]
#GST on flat purchase
Manikuntala
February 20, 2025 at 07:58 AM