Taxation

Business, Compliance, Income Tax, Taxation, Updates

Income Tax Notice: A Detailed Guide for Taxpayers

Income Tax Notice: A Detailed Guide for Taxpayers Receiving an income tax notice can be intimidating, but understanding its purpose and knowing how to respond can simplify the process. Income tax notices are issued by the Income Tax Department of India for various reasons, such as discrepancies in returns, unreported income, or incomplete documentation. This […]

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Compliance, Goods and Service Tax, Taxation

Reverse Charge Mechanism Under GST: A Detailed Guide

Reverse Charge Mechanism Under GST The Reverse Charge Mechanism (RCM) under the Goods and Services Tax (GST) shifts the tax liability from the supplier to the recipient of goods or services. This is a significant departure from the regular GST process where the supplier is responsible for collecting and depositing the tax. This guide provides

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Business, Taxation, TDS Compliance, Updates

TDS Return Filing: A Complete Guide for Businesses and Individuals

A Complete Guide for Businesses and Individuals Tax Deducted at Source (TDS) is a system introduced by the Income Tax Department of India to collect tax at the source of income generation. It applies to payments such as salaries, rent, interest, and professional fees. Filing TDS returns accurately and on time is essential to ensure

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Business, Compliance, Goods and Service Tax, Registration, Taxation

Taxable Person Under GST: A Comprehensive Guide

Taxable Person Under GST The Goods and Services Tax (GST) is a comprehensive indirect tax system in India that applies to the supply of goods and services. To ensure compliance, it is crucial to identify whether an individual or entity qualifies as a taxable person under GST. This guide explores who is considered a taxable

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Goods and Service Tax, Taxation

Can You Cancel a GST Registration Without Filing Returns?

Can You Cancel a GST Registration Without Filing Returns? Under the Goods and Services Tax (GST) regime in India, registration cancellation is a process that involves compliance with the GST laws. While businesses may wish to cancel their GST registration for various reasons, the question arises: Can GST registration be canceled without filing pending returns?

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Goods and Service Tax, Taxation

Demystifying the Process: A Simple Guide on How to Check Your GST ARN Status Online

Demystifying the Process: A Simple Guide on How to Check Your GST ARN Status Online The GST Application Reference Number (ARN) is a vital component of the GST registration process in India. It enables applicants to track the status of their GST registration. This guide will walk you through the steps to check your GST

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