Author name: Damodharaa Rajgopal

how-to-make-zero-tax-up-to-10-lac-salary Did you know that still no need to make tax payments up to your salary income of Rs.10.50 Lac. under the proper financial planning? How income tax office provides certain benefits, can be called tax planning. As per the applicable Income-tax provisions, Tax planning is rolled out to reduce the tax liability by applying the provision and […]

Micro Finance Bank Bangalore What is a Micro Finance Bank? As the name suggests, Micro finance company provides finance to low-income groups. It’s a non-deposit taking, non-Banking finance company (NBFC). The loan amount ranges from 50,000 to 125,000 Registration of the Microfinance Bank is very simple in India. as a Section 8 company with MCA, can be started with

Tax Audit & FY2020-21 According to the amended Income tax Provisions, taxpayers are compulsory to get their accounts tax audited if their sales, turnover or gross receipts from business exceed INR  10 Crore or Rs.5 Crore under LLP. here we have narrated the Tax audit & its applicability FY 2020-21 to business and LLP. The due date of

missed-tax-filing-due-date The last date to file the tax return (ITR) for the financial year 2020-21 has ended on 31-12-2021.  As per report from Income Tax Department, more than 5.78 Crore taxpayers had filed their tax return for the financial year 2020-21 till 7 pm on 31/12/2021. As we have seen, for the past few months, the

Startup registration Mistakes Corporate should avoid business registration involves turning a single owner proprietorship or general partnership into a Private or Limited company that is formally recognized by a government as a Company. This company is a legal entity that is separate and distinct from the owners of the business.   Although it may sound simple, the process of incorporating a business is actually quite

Reasons for Income Tax notice notice from the income-tax office; one of the main reasons is high-value cash transactions.   If you make high-value cash transactions, there is a high chance of getting a notice from the Income Tax Department. The cash-related made in banks, mutual and property registrations etc.   Now, Income Tax Department has signed an

Income Tax Rates for AY 2022-23 Income Tax Slab Rate for Individuals – old tax regime 1.1  Individuals Net income range Income-tax Rates     Up to Rs. 2,50,000 Nil Rs. 2,50,001- Rs. 5,00,000 5% Rs. 5,00,001- Rs. 10,00,000 20% Above Rs. 10,00,000 30% 1.2 Resident senior citizen who is of the age of 60

File your Gst return by 28 Feb 2022 Gst annual return FY 2020-21 Gst Annual return: Gst Annual return is a summarized return to be filed at the end of the each financial year. The form GSTR-9 shall be used to file annual return. It is an annual compilation of outward supplies, inward supplies, tax

All the Company, LLP registered under MCA, should submit within the due date given. LLP Annual filing LLP’s regular Compliance filings with the department are mandatory to all LLPs. The Companies Act, 2013 and LLPs registered under the LLP Act, 2008 must file their annual returns with the ROC. the IT Department’s mandated, to file

Roc Filing due date FY 2021-22 The Private Companies, Limited Companies annual return is a detailed reporting system with the Ministry of corporate affairs. All the companies Registered up to 31 December 2021, should submit their annual return as per the due date mentioned below in this article.   Mgt 7 Form Mgt 7 is an