ELIGIBILITY FOR GST COMPOSITION SCHEME: The registration under composition scheme is optional and voluntary. Businesses having a turnover LESS THAN Rs. 1.0 Crore* can opt for this scheme but on any given day, if the turnover crosses the above-mentioned limit, then he becomes ineligible for the same and has to take…
Due Date extended for filing PT Returns without late fee in Maharashtra Late fees are not…
Every Company registered under the Companies Act, 2013 or the Companies Act, 1956 is required to file their Financial Statements in e-Form AOC-4 including Directors Report along with other relevant attachments (Annual Report) and Annual Return in e-Form MGT-7 within 30 days and 60 days respectively from conclusion of its Annual General Meeting (AGM). All…
What is an Advance Tax Payment? In a financial year, if the Income Tax Liability of any taxpayer is more than Rs. 10, 000, then he is liable to pay such tax in installments during the year itself rather than paying this tax at the end of the year. This…
Also Read: Due Date extended for filing Professional Tax (PTRC) Returns without late fee in Maharashtra to 31st December 2018 - Professional Tax (PTRC) Amnesty Scheme 2018 Professional Tax was introduced in the year 1949 via powers given to the States by the way of Clause (2) of Article 276 of…
Professional Tax was introduced in the year 1949 via powers given to the States by the way of Clause (2) of Article 276 of The Constitution of India. It is levied on all the Income earned by the way of profession, trade, calling and employment. Professional Tax happens to be…
LLP Form 8 or Statement of Account & Solvency is a filing that must be filed every year by all Limited Liability Partnerships (LLPs) registered in India. Form 8 must be filed irrespective of turnover of the LLP with the Ministry of Corporate Affairs (MCA). What is Form 8? Form…
Every Company registered under the Companies Act, 2013 or the Companies Act, 1956 is required to file their Financial Statements in e-Form AOC-4 including Directors Report along with other relevant attachments (Annual Report) and Annual Return in e-Form MGT-7 within 30 days and 60 days respectively from conclusion of its Annual General Meeting (AGM). AOC-4 Filing…
You must file Income tax return (ITR) if you are in the taxable bracket. The taxpayers have been reminded by the Income-Tax (IT) department to file income tax returns by 31st August 2018 for the assessment year 2018-19. The five consequences in case of a delayed filing of income tax return…