A quick look @ Income Tax rates for AY 2019-20 & ITR forms applicability for various assessees

Income Tax Return Forms Applicability for the Financial Year 2018-19 ITR 1 – SAHAJ : For individuals being a resident (other than not ordinarily resident) having total income upto Rs.50 lakh, having Income from Salaries, one house property, other sources…

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FILING OF FORM INC-22A

  FILING OF FORM INC-22A 1) Who should mandatorily file form INC – 22A Companies incorporated on or before 31st Dec 2017 which are under ‘Active’ status as on the date of filing shall file eForm INC-22A. 2) What is…

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The Saga of Start-ups and Angel Tax

What is a Start-up? A startup is a company that is in the initial stages of its operations. The promoters basically come up with an idea/ business model that targets the market needs by developing or offering an innovative product,…

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TCS ON E-COMMERCE OPERATORS UNDER GST

  I. INTRODUCTION : What is TCS in GST? TCS in GST means that the E-commerce operators will have to collect the tax from those suppliers who are selling goods or providing services on/through their sites while making payments to such suppliers….

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