Tag Archives: #FilingTaxes

Gst filing compliance?

GST Filing Compliance GST filing compliance refers to the adherence to the regulations and requirements set forth by the tax authorities for filing Goods and Services Tax (GST) returns. Here are the key aspects of GST filing compliance: Timely Filing: Businesses must file their GST returns within the prescribed due dates. The frequency of filing… Read More »

TDS compliance due dates?

Introduction Tax Deducted at Source (TDS) is a critical component of the Indian taxation system designed to collect tax at the source of income. The system ensures that tax liabilities are cleared at the point of income generation, thereby minimizing tax evasion and improving government revenue collection. Understanding TDS compliance due dates is essential for… Read More »

TDS compliance calendar?

TDS compliance calendar The TDS compliance calendar provides important dates and deadlines related to TDS for a specific financial year. Here is a general outline of the Tax Deducted at Source compliance calendar for FY 2022-23: TDS Deduction Due Dates: 7th of each month: TDS deduction for payments made in the previous month (except for… Read More »

How to do TDS complaints?

How to do TDS complaints If you have any complaints or issues related to TDS (Tax Deducted at Source), you can take the following steps for filing TDS complaints: Contact the Deductor: If you have concerns about TDS deductions made by a specific deductor, you can reach out to them directly. Provide them with the… Read More »

What is the difference between section 112 and 112A of the Income Tax Act, 1961?

Introduction The Income Tax Act, 1961, governs taxation laws in India and includes various provisions for computing capital gains tax. Two crucial sections related to long-term capital gains (LTCG) are Section 112 and Section 112A. While both sections pertain to taxation on LTCG, they have different applicability, benefits, and limitations. Understanding their distinctions helps taxpayers… Read More »

Which items are liable for cess in GST?

Which items are liable for cess in GST In GST, cess is levy on certain goods or services that are consider to be luxury or sin goods, such as cigarettes, tobacco products, pan masala, aerated drinks, and luxury cars. For more information to visit https://www.gst.gov.in/ The proceeds from the cess are mean to be use… Read More »

What if I do not pay my income tax?

What if I do not pay my income tax If you do not pay your income tax, it will be considered as taxes evasion, which is a serious offense under the Income Tax Act in India. If the Income Tax Department finds out about the non-payment of tax, it can take various legal actions against… Read More »