GST Audit mandatory above Rs. 2 Crores or if required by Dept

GST is a trust based taxation regime wherein the taxpayer is himself required to self assess his tax liability and himself pay the same without any intervention by the tax… Read more

Place of Supply in GST – Explained with 11 Practical Examples

Determining the Place of Supply of Goods or Services is very important as it would determine the nature of tax to be paid. In case the location of the supplier… Read more

GST-Registration

Practical Guide on GST Registration in India

GST has been implemented in India from 1st July 2017 and it replaces several indirect taxes like Service Tax, VAT, Excise etc which were levied earlier. The 1st and the… Read more

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Is Income from Shares – Business Income or Capital Gains?

A lot of people trade and invest in stocks – some do it part-time as an investment and some do it full time as a business. From the point of… Read more

GST on Service Providers, Bloggers, Youtubers & Freelancers

GST is applicable in India from 1st July 2017 and it is also applicable to Bloggers, Youtubers, Affiliate Marketers, Service Providers and all other types of Freelancers and the rate… Read more

Impact of Lower Interest Rates & GST on Home Loan & Personal Loan

The interest rates in India are currently at multi-year lows as a result of which opting for a loan is getting cheaper and cheaper. The rates of interest on loans… Read more

Double Money

Why are ULIPs good monthly investment option?

Do you know, you can enjoy numerous benefits by choosing ULIPs or Unit-Linked Insurance Plans as your monthly investment option? Let’s know how: 1.Power of compounding: As said by Albert Einstein… Read more

Compliance Notice: Non-filing of ITR – Reasons and How to Respond

An Income Tax Return is mandatorily required to be filed if the Total Income is more than the minimum amount which is exempted from the levy of tax. In other… Read more

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IPCC Pass Percentage Nov 2018

The IPCC Nov 2018 Exam Results are expected to be announced on 8th Feb 2019 during the day. The IPCC Pass Percentage of Nov 2018 Exams would be announced after… Read more

How & When to raise a GST Invoice –Explaining all Practical Scenarios

A GST Invoice is one of the most important documents in any transaction as it evidences the supply of goods or services and also mentions all relevant details regarding such… Read more

How to deal with Intimation under Section 143(1)(a) of Income Tax

As the name states, an Intimation under Section 143(1) is only an Intimation and not a Scrutiny/ Assessment Order. Intimation under Section 143(1) is an auto-generated letter by the computers… Read more

GST Input Tax Credit (ITC) – Explained with Examples

Input Tax Credit means claiming the credit of the GST paid on purchase of Goods and Services which are used for the furtherance of business. The Mechanism of Input Tax… Read more

GST Reverse Charge – Explained with 7 Examples and Infographics

GST Reverse Charge Mechanism (RCM) basically means that the GST is to be paid and deposited with the Govt by the recipient of Goods/ Services and not by the supplier… Read more

chartered-accountant-salary

Chartered Accountant Salary: Campus Placement Mar 17

The Institute of Chartered Accountants of India had organised another set of Campus Placements for Newly Qualified Chartered Accountants in the month of Feb-Mar 2017 for those candidates who had… Read more

Section-94A-Income-Tax

How to submit ITR 1 Form (SAHAJ) online in 2017

ITR 1 Form (also known as Sahaj) is one of the most popular form for filing Income Tax Returns because it applies to most of the Salaried Employees. However, it… Read more