TAXATION – IMPACT OF NEW CLARIFICATIONS ON DDB & STRIPS
July 31, 2019
TAXATION – IMPACT OF NEW CLARIFICATIONS ON DDB & STRIPS What will be the impact of new clarification with regard to tax treatment of income from Deep Discount Bonds and STRIPS ? The CBDT had earlier clarified vide its Letter F. No.225/45/96-ITA dated 12-3-1996 ( reported in 88 Taxman 146) that in case of Deep […]
Online Professional Tax Registration
July 25, 2019
Professional tax is a state-level tax that applies to salaried employees and professionals, including chartered accountants, lawyers, and doctors. Startup solicitors provides assistance with DATA CHECK We do a thorough check of the files you send for professional tax registration VENDOR CONNECT We will appoint an affiliate to process your application RECEIPT OF TAX NUMBER […]
Benefits Of Filing ITR Even When Income Is Below The Exemption Limit
July 25, 2019
The last date for filing the ITR (Income Tax Return) for the FY (Financial Year) 2018-19 is July 31, 2019. However, there is a category of people who need not file their returns compulsorily even though they have earned some type of income during the year. These are people with the GTI (Gross Total Income) […]
New FORM 16
July 24, 2019
New FORM 16: Important Changes You Should Know Essentially, Form 16 is a format as given and time to time revised by the Central Board of Direct Taxes. It is a certificate issued by the employer, mentioning all details of the salary paid to his employees and taxes as deducted at source [TDS]. A Form […]
Save Income Tax On Salary
July 24, 2019
How To Save Income Tax On Salary In India? There are a lot of genuine methods for saving tax like mutual funds, NPS (National Pension System), protection premiums and numerous others. In this article, we spread all the significant tax derivations under the Income Tax Act: • Spend your Rs 1.5 lakh limit under Section […]
Register On TRACES (TDS) Website
July 23, 2019
Register On TRACES (TDS) Website TDS (Tax Deduction at Source) was initiated with the aim to collect tax from the very source itself. According to this concept, any person or company making a payment that exceeds a certain threshold limit must deduct the prescribed tax amount from the source before making the payment. The rate […]
GST Registration For Service Providers
July 23, 2019
GST Registration For Service Providers The Indian tax system is the most complicated one in the world with the Centre, the States and the local bodies having powers to levy variety of taxes to earn revenue. Various kinds of taxes are collected at different levels like the direct taxes which affect the common man directly […]
What Is DIN?
July 23, 2019
What Is DIN? Director Identification Number (DIN) is a mandatory requirement for all existing and new directors (or proposed directors) of a company. A DIN is issued in accordance with the directions provided by the amendment to the Companies Act. It is an 8-digit Unique Identification Number allotted to all directors. It has lifetime validity. […]
Income Tax Filing For Self-Employed
July 22, 2019
All income of the individual is grouped under the below provided five heads: 1. Income from Salary 2. Income from House Property 3. Profit and gain from Business or Profession 4. Capital Gain 5. Income from Other sources Who is considered as Self-Employed? Self-employed or independently employed refers to an individual who offers his or […]