Section 112 Vs. 112A Income Tax Section 112 and Section 112A of the Income Tax Act, 1961 address the taxation of long-term capital gains from the sale of listed equity shares or equity-oriented mutual funds. However, there are several distinctions between these two sections Section 112 Vs. 112A Income Tax. Applicability: Section 112 covers all… Read More »
The implications of non registration with GST Non-registration with GST can have various implications, such as: If a business is not registered under GST, it cannot collect GST from its customers. This means that the business will have to bear the tax burden on its own, which could impact its profitability. To visit:https://www.gst.gov.in/ Penalty for… Read More »
How do I register a company as a sole proprietorship Sole proprietorship are not required to be registered with the government. To register a company as a sole proprietorship However, depending on the nature of the business and its operations, there may be certain registrations and licenses that the proprietorship needs to obtain in order… Read More »
