1. Steps to pay tax on income Due Step 1: Select Challan 280 Go to the Inland Revenue Department tax information network revenue and select Challan 280. Click here to go to the government website and pay tax Step 2: Enter personal information For individuals who pay tax: Step 1: Select (0021) the income…
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1. Heads of income The Income Tax section comes with five headings of revenue for the profit tax report: It comes from labour It comes from the property of the house Effective income / loss Business and Occupation comes It comes from other sources Revenues from other sources include revenues that fall from one of…
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How to calculate and pay a tax fee? Advance tax means that income tax should be paid in advance instead of lump-sum payments at the end of the year. It is also known as pay as you earn a tax. These payments should be made in instalments according to the deadlines given by the income…
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1. Highlights of this GST Council meeting A) GST Return Filing process further simplified Regular taxpayers with a turnover up to Rs 5 crore may choose to send GST returns quarterly against earlier limits for Rs. 1.5 crore. However, these taxpayers must pay tax monthly through Challan. Regular taxpayers with a turnover…
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After GSTR 1 and GSTR 2 introduced by the seller, you need to install GSTR 3 and make GST payment. Also, if restitution is required, the same will be done by creating a refund request form. Payments – 1. What are the payments to be paid within the GST? According to GST is paid mainly…
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The e-way account is that the person carrying the vehicle must submit that the value of the product has more than Rs. 50,000. Under certain circumstances, the last user may also want to make a computer account. In this article, we will look at the situation where consumers want to create an e-mail account and…
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The GST Act requires multiple compliances regarding tax payment, tax return filing, invoicing and etc. However, merchants who work at a slightly lower level may have limited transfers and do not have the necessary resources to comply with complex provisions. Thus, the composition scheme is introduced to reduce the burden of tax implementation for small…
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10 Credit Cards You Need To Know About It! I provided a free credit card with a phone call to enjoy the range of benefits and rewards I enjoyed. But, as the proposal seemed to me, I decided to take part in it. But, to my surprise, a lot of additional charges came to me…
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Latest GST News – Updates – Announcements Extend the maturity date of the GSTR-3b file! GSTR-3B’s maturity date for April 2018 was extended to May 22, 2018, from 20 May 2018. Last updated as April 10, 2018 In the state, the implementation of electronic trend bills starts to Telangana, Gujarat, Uttar Pradesh, Andhra Pradesh and…
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What is an audit? What are the objectives? What is “audit” An audit is an objective examination and an assessment of the financial statements of the organization to ensure that the records are a fair and accurate representation of the transactions it claims to represent. This can be done internally by employees of the organization…
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