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GUIDANCE NOTE ON MAHARASHTRA VAT AUDIT(MVAT AUDIT)

Today we are discuss on procedure to be adopted for Vat audit in Maharashtra, documents required for Vat audit in Maharashtra, Form to be filled up for Vat audit in Maharashtra. Which Form required for Vat audit in Maharashtra. Form 704 will be required to fill and uploaded for Vat audit in Maharashtra.Go to mahavat.gov.in and dowload the forms. PROCEDURE FOR ... Read More »

Best way to Clear income tax demands

Income tax department is sending notice to the Assessee for tax demands, adjustment of your refund against tax demand etc.Today we are discuss Best way to Clear income tax demands and procedure of Best way to Clear income tax demands. (I) Procedure to Clear income tax demands? CBEC has just started an online procedure to clear the income tax demand online,Now ... Read More »

SERVICE TAX ON COMMISSION AGENT

Today we are discussing on Service tax on commission agent after the amendment made in place of provision of service.Government of India has amended the definition of intermediary in Rule 2(f) with rule 9 of Place of provision of service tax rules Via Notification No 14/2014 ST dated 11th July 2014. Definition of intermediary Upto 30/09/2014 “intermediary” means a broker, ... Read More »

TAX SAVINGS TIPS FOR SALARY EMPLOYEE

Today we are discussing on TAX SAVINGS TIPS FOR SALARY EMPLOYEE  As a salary employee is working hard for the organization, at the end of the month TDS will be deducted from his salary. There are not much more benefits available to the salary employee as available in business. We are sharing with you few tips for Tax Savings for ... Read More »

TDS ON INCOME EARNED BY NRI IN INDIA

As we have discuss in the previous blog taxation of NRI in India. Today we are discussing on TDS ON INCOME EARNED BY NRI IN INDIA.Every Non Resident Indian has to pay the taxes in India on income earned in India. TDS on Interest Income earned by NRI in India Interest income earned on Non Resident External (NRE) accounts and Foreign ... Read More »

TAXATION OF NON RESIDENT INDIAN (NRI) IN INDIA

Today we are discussing on TAXATION OF NON RESIDENT INDIAN (NRI) IN INDIA how  tax return filing, tax planning of Non-resident Indian (NRI) in India can be done, types of bank account, taxability of income earned in India, repatriation of money from India, investment in India etc. Is filing of Income tax Return of Income in India is compulsory? No, Filing ... Read More »

INCOME TAX SLAB RATE FOR ASSESSMENT YEAR 2015-2016

Today we are discussing on INCOME TAX SLAB RATE FOR ASSESSMENT YEAR 2015-2016  of all form of business, In recent budget there are two major changes in income tax limit for Individual assessee limit is increased by 50,000 from 2,00,000 to 2,50,000 and for Senior citizen individual assessee limit is increased from 2,50,000 to 3,00,000. Income tax slab rate for ... Read More »

ALL TAXES IN INDIA

After discussing all types of business in India in our last blog, today we are discussing on all taxes in India. In Indian tax structure there are lot of taxes like Excise, Service tax, VAT, CST, Octroi, Income tax, Companies Act. Whenever you think to start a new business in India, It will be very confusing situation for all of ... Read More »

HOW TO START BUSINESS IN INDIA

Here we are discuss on how to start business in India various Form of business registration in India, select the choice of your business in India on the basis of legal entity, taxability, annual compliance, time limit. HOW TO START BUSINESS IN INDIA For start a business in India take the business registration in India, After taking the business registration ... Read More »

How To Get Import Export Code

 Today we are discussing the meaning of  Import Export code( IEC Code)/Business License for Import and Export business. Import export code is necessary registration documents for doing import and export of goods. Meaning Of Import Export Code (IEC) Import Export code is a 10 Digit Number allocated by the DGFT.   Import export code is required for any entrepreneur doing ... Read More »