Articles by Soumya Laha

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

Posted by Soumya Laha 19 September 2019 19628 Views

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

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

Posted by Soumya Laha 22 August 2019 12947 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 19 July 2019 24088 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...

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

Posted by Soumya Laha 08 May 2019 18495 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 28 February 2019 13909 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...

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

Posted by Soumya Laha 08 December 2018 135053 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)

Which ITR to choose for Commission Agents: ITR 3 or ITR 4?

Posted by Soumya Laha 21 September 2018 136554 Views

Commission Agents are Businessman or Professionals? What do you think?If you think that Commission Agents are Professionals, then you are wrong. Many people tho...

Where to enter Exempted Supply in GSTR-4?

Posted by Soumya Laha 08 June 2018 23796 Views

There is no doubt that Composition Taxpayers need to file GSTR-4 quarterly and they need to furnish the details of Inward supplies (Purchases) and Outward suppl...

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

Posted by Soumya Laha 11 April 2018 36087 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