Articles by Sparsh Wadhwa

'Discard ITR' New feature Introduced by Income Tax Department

Posted by Sparsh Wadhwa 29 November 2023 6168 Views

The new 'Discard' facility allows taxpayers to manage their ITR filings more efficiently and helps rectify any inaccuracies or omissions within the specified windows. But it's essential to use it with caution as once discarded, an ITR can't be restored.

How to apply for GST Registration?

Posted by Sparsh Wadhwa 21 November 2023 1858 Views

You can apply for GST registration online through the GST portal

How to file Belated Income Tax Return after due date?

Posted by Sparsh Wadhwa 18 November 2023 4080 Views

This article delves into the intricacies of belated returns, outlining their limitations, consequences, and the step-by-step process of filing online under Section 139(4).

How to file Revised Income Tax Return?

Posted by Sparsh Wadhwa 16 November 2023 946 Views

Section 139(5) of the Income-tax Act, 1961, allows taxpayers to file revised income tax returns if they have made a mistake while filing their ITR.

Capital Gain Tax On Sale Of Shares

Posted by Sparsh Wadhwa 06 November 2023 5913 Views

Capital gains tax is the tax levied on the profit made by an individual or an entity from the sale of an asset such as shares, property, or other capital assets.

Process for cancellation of GST registration

Posted by Sparsh Wadhwa 18 October 2023 12822 Views

Cancellation of GST registration is a process of de-registering a business entity from the Goods and Services Tax (GST) system. GST registration is mandatory for businesses that have an annual turnover exceeding a certain threshold limit.

ITR requirement for VISA purpose

Posted by Sparsh Wadhwa 16 October 2023 9941 Views

In this article, we will delve into the significance of ITR for visa and the way it performs a important role for the application process.

ITR requirement for loan purpose

Posted by Sparsh Wadhwa 13 October 2023 8249 Views

Income Tax Return (ITR) is an important document that reflects an individual's income, taxes paid, and other financial information. Many banks and financial institutions require ITR documents to process and approve loans.

GST Registration for E-commerce sellers

Posted by Sparsh Wadhwa 04 October 2023 9260 Views

E-commerce sellers are businesses or individuals who sell products or services online through various e-commerce platforms such as Amazon, Flipkart, eBay, etc. These sellers can be manufacturers, distributors, retailers, or even individuals who want to sell their products or services online.

MSME Registration: Process and Benefits

Posted by Sparsh Wadhwa 04 October 2023 5065 Views

MSME stands for Micro, Small and Medium Enterprises. They are the backbone of the Indian economy, accounting for over 90% of the country’s industrial output and employing over 80% of the workforce.