Mandatory Bank Account Details Submission as per law: All Registered Taxpayers are required under the provisions of CGST Act, 2017 and the corresponding Rules framed thereunder to furnish details of their bank account/s within 30 days of the grant of registration or before the due date of filing GSTR-1/IFF, whichever …
INCOME FROM OTHER SOURCES serves as a residual category encompassing all earnings that do not align with the other four designated heads of income. Nevertheless, specific sources of income consistently fall within the purview of ‘Income from Other Sources,’ including lottery winnings, gifts, interest on enhanced compensation, and similar instances. …
Miscellaneous TDS provisions 194LBA: TDS on Certain Income from Units of a business trust: Payer: as per section 115UA business trust Payee: any resident or non- resident (excluding foreign company) which is unit holder Time of deduction: credit of income to payee or actual payment (cash, cheque, draft, or any …
Our Discussion will be based on following Points : Revenue Recognition : This term Include all type of Income which is received by that Individual/firm. GST will be charged on all type of income excluding financial Interest and financial credit Note. If individual has taken the GSTN then GST will …
Due Date Calendar for Jan. 2024 Month : 07-01-2024 – Due date for payment of TDS/TCS for December 2023 Month. 11-01-2024 – Due date for Filing of GSTR -1 For December 2023 Month. 13-01-2024 – Due date for filing GSTR -1 under IFF Facility for Oct. 2023 – December 2023 …
Definition of Residential Real Estate : Residential Real Estate property means where the commercial property related carpet area is not more then 15% of total carpet area of the Property. Before moving to the rates of GST in case of Sales or Transfer of Property, I want to highlight two …
When it’s tax time, people who earn salaries get a bit stressed about the money they have to give to the government for the past year. It’s important to know your salary details to figure out how to pay less tax. If you find your pay slip confusing, don’t worry—this …
Tax deducted at source (TDS) – Non RESIDENT TDS RATES Non- resident /foreign company/ FII/Qualified foreign investor related TDS sections: Section 195: TDS on Non-Resident Payments Any person responsible for paying to a non-resident or foreign company shall – deduct income tax thereon at the rates in force. Nature of …
Are you struggling to navigate the complexities of GST Annual Return? Do you have burning questions about compliance, reporting, or any GST-related challenges? 📅 Save the Date: 21-12-2023 (6:00 PM – 7:30 PM) 🖥️ Virtual Venue: YouTube Live 🚀 What to Expect: ✨ Comprehensive Insights: Gain a deep understanding of …
GSTN is introducing two-factor authentication (2FA) for taxpayers to strengthen the login security in GST portal. The pilot rollout has been done for a state of Haryana and working seamlessly. Currently, 2FA will be rolled out for Punjab, Chandigarh, Uttarakhand, Rajasthan and Delhi in 1st phase. In 2nd phase, it …
