Articles by Soumya Laha

Is GST Composition Scheme really more profitable than Normal scheme?

Soumya Laha 18 December 2017 at 10:48

There are several returns and rules in GST Normal Scheme which are really very annoying thing for small taxpayers. To give relief to the small taxpayers, govern..

User not opted in as composite taxpayer for selected quarter

Soumya Laha 04 December 2017 at 12:05

Before reading the whole article one thing you need to be clear that you cannot get any proper solution from my article regarding the above mentioned error, bec..

Common problems faced in GST portal and solution

Soumya Laha 15 November 2017 at 10:58

Everything has two sides good and bad. But only good sides of GST are discussed in many places, problems of GST are not properly discussed in those places. With..

Solution of expected problems with GST composition scheme

Soumya Laha 03 November 2017 at 10:41

Expected problems and solutions for GST Composition Taxpayers

Major changes in Income Tax for FY 2017-18

Soumya Laha 05 October 2017 at 11:33

An article on major changes in income tax for FY 2017-18/ AY 2018-19

Meaning & Types of Business Loans

Soumya Laha 04 October 2017 at 11:25

What is loan? As you know that loan means lending of money from one individual, organization or entity to another individual, organization or entity. A loan is ..

Tax Audit under sec 44AB of the Income Tax Act

Soumya Laha 17 August 2017 at 11:22

Tax Audit limit of Rs 1 crore has been increased to Rs 5 crore with effect from AY 2020-21 (FY 2019-20) if the taxpayer's cash receipts are limited to 5% of the gross receipts or turnover, and if the taxpayer's cash payments are limited to 5% of the aggregate payments.