Income Tax Return (ITR) is a structure that an individual should submit to the Income Tax Department of India as per the provisions laid out in the Income tax act, 1961. It contains data about the individual’s income and the taxes to be paid on it during the...
In our day today lives, we come across various distributors or suppliers or vendors for goods and services. We enter into an arrangement and process for how the good or services will be delivered, timelines agreed and payment methods and timelines are established....
One of the most important compliances under GST is filing GST returns. GSTR 3B is a declaration filed by the registered business entity on a monthly basis as a summary of inward and outward supplies. The GST liabilities must be declared in a given tax period. So if...
Have you ever looked at your salary slip and wondered what the term “professional tax” means? Let’s answer that very question and discuss it in detail and its exact nature and implications. Professional tax is a state tax. The state government...
We have discussed the provisions and definition of a foreign company in India as per the Companies Act, 2013. Now let’s look at the process of how to incorporate a foreign company in India and what are the necessary requirements and criteria to be taken into...
Recent Comments