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GST Registration in Mumbai

Today we will discuss the GST Registration in Mumbai, Indian Government has come with the new law GST. In the new Law GST first step is the registration. In this Blog we will discuss the threshold limit of GST, who will require to registered in GST. Who will Required registration in GST? 1 Person making Interstate Supply (Sale of goods or providing ... Read More »

What to charge in bill CGST, SGST, or IGST

Today we will discuss What to charge in bill CGST, SGST, or IGST. It is important to identify the time and place to check whether CGST/SGST or IGST will be levied on the bill also it is important to check to whom the bill will be issued. There are three taxes in the GST – CGST, SGST, and IGST Interstate – ... Read More »

Solution For Old Rs1000 and Rs500 Rupee notes

Just declared by the modi government that Rs 500 and Rs 1000 note will be banned from today midnight. It can be used only in bank railway and hospital the news is like earth Quake in indian economy. Why Ban on Rs500 and Rs1000 note. Government has taken such decision to reduce the black money in the country with an ... Read More »

Accounting of Construction Contracts

Today in this blog we will share the accounting of Construction Contracts, how the builders and developers will maintain their books of accounts, what are the Accounting standard applicable to the Builders and developers and also how the revenue will be recognised as per the AS. Different Transaction in Real Estate – there are two type of transaction first builder ... Read More »

Latest News on Income declaration Scheme 2016

In this blog we will talk about very important and popular topics  Income declaration Scheme 2016 . IDS is basically amnesty scheme in the income tax by modi government. under this scheme assessee can disclosed all his undisclosed scheme to get the  relaxation from the department. IDS are a scheme of the modi government, in that an Assessee can disclose ... Read More »

How to E-verify the Income tax return

Now in this blog we will discuss on how to e-verify the income tax return, what are the option available to e-verify the income tax return. First login the incometaxindiaefiling.gov.in . In registered user enter your pan number in user name and password. After that dashbord will appear on the screen click on the view return form. Check if any ITR Pending ... Read More »

Taxability of Future in income tax

Today we will discuss the taxability of future in income tax. In this blog we will discuss the taxability of  mark to market gain and actual gain the future transaction. Also the nature of the gain whether speculative or non speculative. Types of gain in Future In future there are two types of gain speculative and Actual gain. Actual gain – Future ... Read More »

How to use DSC in Income tax website -latest procedure

Today we will discuss how to use the digital signature in income tax website. In this blog we will solve the problem of uploading the DSC in income tax website. there is frequent changes happen in DSC utility and their use in the income tax website. In this blog we will discuss the latest step to upload the Income tax ... Read More »

Equilasation levy (Google tax) in India

Today we will discuss the Equilasation levy (Google tax) in India, what is the meaning of google tax ,rate of google tax, its implication to the startup business. Meaning of Google tax Government of India has levied a equilasation levy which is popularly known as google tax. Equilasation levy will be levied at 6% for any payment made to outside ... Read More »

TCS on cash transaction

Today we discuss on TCS on cash transaction, Government of  India has widens the provision of TCS in order to stop cash transaction in market and also to control the black money to some extend. In this blog we will discuss on various question asked on the tax collected at source like applicability of TCS,Section of TCS, liability of TCS ... Read More »