Articles by Soumya Laha

ITR-V Changes AY 2020-21: What You Need to Know

Posted by Soumya Laha 03 December 2020 15864 Views

Discover the key changes to ITR-V for AY 2020-21. Learn how to verify your Income Tax Return and get your official acknowledgement.

Reset Income Tax E-filing Password: Step-by-Step Guide

Posted by Soumya Laha 28 July 2020 9373 Views

Can't reset your income tax e-filing password? Discover solutions if you've lost access to registered mobile or email. Learn how to regain access.

Should the tax audit limit u/s 44ab be increased from 50 lac for professionals?

Posted by Soumya Laha 17 March 2020 19636 Views

Do you think Tax Audit threshold limit U/s 44AB for Professionals should be increased from 50 lakh? - My point of view.

No income tax on total income upto Rs. 5 lacs- True or False?

Posted by Soumya Laha 04 November 2019 18499 Views

Nowadays people are discussing about a news that no income tax is required upto Rs. 5 lakh. Even some people think that they do not need to file income tax retu...

Is GST really included in MRP?

Posted by Soumya Laha 27 August 2019 13928 Views

Generally we know that MRP means Maximum Retail Price which includes all taxes. It means no taxes can be charged on MRP. But recently TRAI releases MRP of Cable...

Mutual Fund - Meaning, Types, Risks, Returns & Taxation

Posted by Soumya Laha 22 August 2019 12957 Views

"Mutual Fund investments are subject to market risks. Please read the offer document carefully before investing."

GST CMP 08 for Composition Taxpayers : Facts & Features

Posted by Soumya Laha 20 July 2019 24093 Views

Composition Taxpayers can not find GSTR 4 (Querterly Return) in their dashboard from financial year 2019-20. A new return filing procedure was introduced in Apr...

What is Net Loss? Is Tax Audit Compulsory in case of Loss ?

Posted by Soumya Laha 06 June 2019 135127 Views

What is Loss or Net Loss?Generally we know that if Expenses is more than Income, then there Loss occurs. It means,Expenses - Income = Loss (Expense > Income)

Composition Taxpayers need to mention details of Inward Supplies in GSTR 4

Posted by Soumya Laha 08 October 2018 36097 Views

Composition Taxpayers need to mention details of Inward Supplies (Purchases) in GSTR 4 from Jan-Mar quarter, FY 2017-18 & information about annual GSTR

Is GST Composition Scheme really more profitable than Normal scheme?

Posted by Soumya Laha 16 June 2018 11372 Views

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...