You can cancel GST registration online if after taking GSTIN, you came to know that goods and services tax act is not applicable to you or you are closing your business. Cancellation will mean that goods and services tax provisions are not applicable and your business will not be liable to pay or collect GST in India. Before applying for cancellation of GST number, its … [Read more...] about When and How to cancel GST registration online in India
Essential Documents You Need to File Your Income Tax Return
Filing your income tax return (ITR) can seem complicated, but it’s easier when you gather the right documents ahead of time. Whether you are filing your taxes yourself or working with a tax professional, having these documents organized will ensure that you file accurately and on time.This guide will walk you through the essential documents needed to file your income tax … [Read more...] about Essential Documents You Need to File Your Income Tax Return
Can multiple registrations be taken for your business under GST?
A person liable for registration under the GST law, should obtain a single registration from the state or union territories from where supply is made. This means a person can obtain a single registration for multiple factories, godowns, sales offices or branches within the state or union territory if total aggregate turnover of the business in India crosses the threshold limit … [Read more...] about Can multiple registrations be taken for your business under GST?
GST registration in India – All you need to know
GST is a destination based tax levied on every value addition. GST has subsumed almost all the indirect taxes in India. Registration under GST law is the first and foremost thing every business man does to get started. Registration recognizes a person as a supplier of goods or services or both.After GST registration, your business will be assigned a GSTIN, which is … [Read more...] about GST registration in India – All you need to know
How to get tax benefits on loss from house property
Asssessee can have income from different sources under the same head of income. Similarly, he may have income from different heads. Loss from any source under the same head or from any head can be set off against other sources or heads as specified under the income tax act, 1961. Our tax laws allow you to take tax benefits of loss from house property while calculating your … [Read more...] about How to get tax benefits on loss from house property