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Important GST Activities of Sept 2021 - Monthly GST Returns

  Ajay Kumar Maggidi    30 August 2021 at 09:28

As we are entering into September, certain activities are to be done w.r.t GST returns for the FY 2020-21. This month is the last choice to make corrections in GST returns relating to sales or purchases.

Amendments In GST Refund Related Rules

  Ajay Kumar Maggidi    24 May 2021 at 09:44

CBIC has finally rationalized the GST Refund rules via Central Goods and Services Tax (Fourth Amendment) Rules, 2021. These amendments have been discussed in detail in this article.

Income Tax Implications on Loans to Employees

  Ajay Kumar Maggidi    03 May 2021 at 09:57

Many organizations across the globe are offering loans to employees to support them in these difficult times. Here are the income tax implications for employees for the loans or advances offered by the employer.

Form 15CA and Form 15CB: Forms to be filed for Payments made to Non Residents

  Ajay Kumar Maggidi    23 November 2020 at 10:00

When taxpayers are involved in making payments to Non-Residents, they shall comply with the provisions of income tax which requires the taxpayers to file Form 15CA and 15CB as applicable.

Benefits under the Income Tax Act for creation of employment

  Ajay Kumar Maggidi    19 October 2020 at 15:05

A taxpayer is eligible for deduction up to 30% of Additional Employee Cost for three consecutive assessment years, starting from the relevant previous year in which a new employee was employed.

Income Tax Savings on Home Loan

  Ajay Kumar Maggidi    18 July 2020 at 14:13

Income tax act provides tax benefits to borrowers of home loan with respect to principal repayment, interest payment and registration charges

All you need to know about Employees Pension Scheme?

  Ajay Kumar Maggidi    16 July 2020 at 09:54

It is quite common in almost all organization to PF contribution to employees account. Which known as Employee provident fund scheme. And it is bundled with another retirement benefit called Employees Pension Scheme (EPS).

Which ITR form to be filed by Individuals to file their taxes?

  Ajay Kumar Maggidi    14 July 2020 at 10:55

Income Tax Return (ITR) is a declaration of incomes and taxes thereon by tax payers. It is required to be filed in each assessment year for the incomes in earned in previous year. You had earned incomes and paid taxes (TDS/Advance tax) in previous year.