Articles by Manzil Arora

E-way Bill under GST | E-way Bill generation Process and Rules

Posted by Manzil Arora 08 June 2023 16167 Views

E-waybill under GST is a document containing details or/and instructions relating to the shipment of a consignment of goods. E-way bill can be generated by the following web-based system, SMS based facility, and Android App.

Some FAQs on SSP Portal of ICAI

Posted by Manzil Arora 17 May 2023 319949 Views

SSP stands for Self Service Portal. All the forms which need to be filed by students, members, and a CA firm shall now be filled and updated on this portal.

Section 194K- TDS on Income from Mutual Funds

Posted by Manzil Arora 26 November 2021 12164 Views

TDS of 10% will be applicable only on dividend income earned by investors in mutual funds and capital gain on sale of mutual funds is not covered in this section

Professional Tax in India

Posted by Manzil Arora 07 October 2021 8059 Views

Professional tax is an indirect tax imposed by the state governments in India. A person earning an income from salary, trades, callings, or practicing a profession are required to pay this tax.

What is Standard Deduction for Salaried Individuals?

Posted by Manzil Arora 29 August 2021 28819 Views

A standard deduction of flat INR 50,000 is available to the taxpayers. From FY 2020-21 the Standard Deduction can be claimed if the salaried individual does not opt for concessional Tax Rates in the New Tax Regime.

What is IEC Code? How to apply for IEC Code?

Posted by Manzil Arora 25 February 2021 24705 Views

IEC Code contains a 10 digit number issued by the DGFT, Department of Commerce and Government of India. IEC Code is the same as the PAN of the firm.

FAQs on Reporting Portal

Posted by Manzil Arora 14 August 2020 13487 Views

The Reporting Portal is an online platform provided by the Income Tax Department to reporting entities for the purpose of registering themselves with the department (ITD) and thus allowing them to submit the required statements to be submitted on the portal