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Articles by Manzil Arora

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

  Manzil Arora    29 August 2020 at 15:10

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.

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Posted in Income Tax  8 comments |   16353 Views


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

  Manzil Arora    22 August 2020 at 15:59

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.

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Posted in GST  2 comments |   13665 Views


FAQs on Reporting Portal

  Manzil Arora    12 August 2020 at 12:33

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

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Posted in Income Tax |   4491 Views


Professional Tax in India

  Manzil Arora    13 July 2020 at 16:18

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.

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Posted in Income Tax  3 comments |   5115 Views


Some FAQs on SSP Portal of ICAI

  Manzil Arora    10 July 2020 at 17:52

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.

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Posted in Students  2 comments |   95187 Views


Section 194K- TDS on Income from Mutual Funds

  Manzil Arora    08 July 2020 at 14:43

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

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Posted in Income Tax |   5643 Views


What is Standard Deduction for Salaried Individuals?

  Manzil Arora    10 June 2020 at 17:57

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.

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Posted in Income Tax  3 comments |   22794 Views