All about ESOP and its taxability
Guide to ESOP with taxability In this post, we'll talk about ESOP, including its taxability, benefits and other important points. Where we will take a close look at each section in detail: What are ESOPs? Some key terms Benefits of
ITR e-verification time limit decreased from 120 days to 30 days
New update on ITR e-verification In this post, We'll discuss the latest update on ITR-filing. The Central Board of Direct Taxes has reduced the time period from 120 days to 30 days for verifying ITRs filed after August 1, 22. Let's
Input Tax Credit – Meaning, Eligibility and how to claim ITC
Input tax credit under GST Hello, this post we will cover the basic concepts of ITC such as meaning, eligibility and the conditions to claim input tax credit under GST. The topics which we cover are: Introduction to ITC How to
TDS Challan ITNS 281 and consequences in case of delay
TDS Challan 281 is used for depositing TDS and TCS with the Income Tax Department. This post covers its purpose, filing process (online and offline), due dates, penalties for late payment, and how to track challan status online.
ITC on goods that are received in lots/installments – With examples
A simple explaination of ITC on goods received in lots Hello. In this blog, we will be discussing about the treatment of ITC on goods that are received in lots/ installments and whether credit can be claimed on such installments. Question: What is
Old vs new income tax regime: Benefits & Rates
Old VS New Income Tax regime - Which one will you opt? In this post, we will discuss the difference between the Old vs New Income tax regime. The Finance Budget 2020 had proposed a new alternate income tax structure for
Job work under GST – Form GST ITC-04
A complete guide on Job work under GST Hello, in this post we will give you a detailed understanding of Job work under GST - Form GST ITC-04. Where we will take a close look at each section in detail: What
Tax benefits under NPS
Things you need to know about National Pension Scheme and its taxability In this post, we'll talk about the National Pension Scheme (NPS), including its taxability, benefits under NPS and other important points. Where we will take a close look at
All about form 15cc – prerequisites, usage, purpose, and submission
Overview of form 15CC In this post, we'll talk about Form 15cc, including its Prerequisites for availing this service, its purpose and how to access and submit the form. We will take a close look at each section in detail:Prerequisites for
Registration under GST – Important points to be considered
A brief guide to registration under GST Hello, in this post, we will discuss registration under GST. We will see who is liable and not liable for registration, the essential documents and important points to consider. In addition, we discuss about
