File Revised Return
When a taxpayer discovers any omission or any wrong statement in the original Income Tax Return (ITR) submitted, the same can be corrected by filing a revised return in the e-Filing portal. A Revised Return can be filed at any time before the end of relevant Assessment Y..
The proposed GST returns Normal, Sugam and Sahaj have been released by the CBIC. Assessees with a turnover of up to Rs. 5 crores will have an option to choose from any of the three returns to file the quarterly returns.
The returns will be available from 1st April 2019 and will become mandatory f..
Saving money is often thought of as a complex and tedious activity. Every time your parents bring it up, you just want to run away from the room, isn't it? Or sometimes you tell yourself that you'll think about saving money later on in life. So you postpone it... until you can't anymore...
1. What is Form GSTR-9?
Form GSTR-9 is an annual return to be filed once, for each financial year, by the registered taxpayers who were regular taxpayers, including SEZ units and SEZ developers. The taxpayers are required to furnish details of purchases, sales, input tax credit or refund cla..
FAQs > GSTR-9A
1. What is Form GSTR-9A?
Form GSTR-9A is an annual return to be filed once, for each financial year, by taxpayers who have opted for composition scheme, for any period during the said financial year. The taxpayers are required to furnish details regarding outward supplies, in..
With the advance of technology things are moving from paper to paperless. Earlier cheques were being issued for payment, now payment is done through net banking (paperless). Earlier statutory returns were being filed on paper, now it is online (paperless). Earlier letters were being sent by post now..
Like every year, this time too, taxpayers were hoping for announcements that would reduce their tax burden. One notable speculation was that the government would use the opportunity to please the salaried taxpayers by enhancing the limits for deduction under Section 80C.
The wish list of the comm..
Throughout the late 1990s and early 2000s, the rise of the IT sector focused on 'lift and shift' of offline business processes on to automated computer systems. With computers stepping up to assist in managing processes, businesses were able to scale their operations faster and reach out to a much l..
It is imperative to get adequate medical insurance cover even before planning to save for one's goals. What's more, the premium paid also provides tax benefit on health
insurance policies purchased for self, parents, and family. That is why financial planners suggest investing in a health ..
A few years back, most of us as students were somewhat oblivious to the fact that we could start securing a good financial future for ourselves and our family from our college days itself. Of course, at that point of time, we were not cognizant of the importance of credit score for our future.