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GST Return Due Date

       GST Return Filing due date from February to July 2020   GSTR-3B Due Date notified in 31&32/2020 amended by 51&52/2020:-         Turnover in...

Cash Transaction Limit under Income Tax

All you should know about – Input Tax Credit under GST

What is ITC? ITC - Input Tax Credit is the tax paid on inward supply of goods/services (e.g. purchases) that can be reduced when...

Refund of ITC under Inverted Duty Structure – GST

Inverted Duty Structure: sec 54(3) of CGST Act,2017 It is a situation where the rate of tax on inputs purchased is more than the...

TDS Rate Chart Income Tax – FY 2020-21

Tax Deducted at Source (TDS) is a mechanism that has been introduced by the Income Tax Department. Under this, the responsible person is supposed...

FAQ’s on E-Way Bill (More then 100 Questions Covered)

Frequently Asked Questions - E Way Bill General Portal 1Q.  What is the common portal for generation of e-way bill? The common portal for...

All about GST Audit (GSTR-9C) : Meaning, Due Date, Penalties. . .

What is GSTR-9C Form? Every registered taxpayer whose aggregate turnover exceeds two crore rupees during a financial year shall be audited in accordance with...

GST Registration Threshold Limit

 WHEN  ARE YOU LIABLE TO GET REGISTERED UNDER GST ?  Section 22 of Goods and Services Tax Act, 2017 provides every supplier to be registered in...

Rate of Depreciation – Income Tax Act 1961

DEPRECIATION RATES AS PER I.T ACT FOR MOST COMMONLY USED ASSETS Rates has been changed for financial year 2017-18 and onwards. Now the maximum...

Depreciation Rate Chart as per Companies Act 2013 (Schedule II) with Calculator

Depreciation rate chart as per Companies Act 2013, Schedule II: useful life, SLM and WDV rates, rules and a free depreciation calculator.