Everything about GST Registration of an LLP
by Parul Bohral on 2025-02-17
GST registration is compulsory for LLPs in India to observe tax compliance and seek input tax credits.
Section 115BAC of the Income Tax Act: New Tax Regime Deductions Allowed, Exemption List & Benefits
by Parul Bohral on 2024-11-26
The Indian Income Tax Act has witnessed critical amendments as Section 115BAC was brought into the Finance Act 2020. The section has provided individual taxpayers and Hindu Undivided Families (HFU) with an alternative to a new tax regime, which allows these to be charged at reduced rates of tax.
Best Tax Compliance Strategies for Sole Proprietorship Businesses
by Mahek Sancheti on 2024-10-11
Complying with the tax system will be crucial for all sole proprietors. The simple business structure makes it very easy to fall behind on taxes.
Form DRC-01B - Online Compliance Covering Liability/ Difference In GSTR-1 And GSTR-3B
by Mahek Sancheti on 2024-10-01
In India's GST system, maintaining proper records is always quite important. GSTR-1 shows the sales. GSTR-3B indicates a summary of tax payable.
GST Rates for Different Goods and Services in India
by Mahek Sancheti on 2024-09-30
Since July 2017, the Goods and Services Tax (GST) has transformed the way goods and services are taxed in India. Several indirect taxes have been merged into one singular tax through GST.
DPT-3 Penalty - Consequences of Not Filing DPT-3
by Tanya Sharma on 2024-09-27
Many mandatory compliance forms are required for companies incorporated in India. One such form is DPT-3 about the acceptance of deposits by companies.