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 »
Is stolen cash deduct in tax returns? When it comes to filing taxes, there are many deductions and credits that taxpayers can claim to reduce their taxable income. However, one question that often arises is whether stolen cash can be deducted from one’s tax return. The answer is not straightforward and involves a deeper look… Read More »
Check GST compliance rating Check GST compliance rating, The Compliance Rating Score (CRS) is an exclusive system managed by the Goods and Services Tax Network (GSTN) in India, aimed at ensuring GST compliance The GST compliances rating is assigned to registered taxpayers based on their compliance with GST regulations. However, as of my knowledge… Read More »
TDS Certificate Required TDS certificate required, TDS (Tax Deducted at Source) certificates are vital for providing conclusive proof of tax deduction at the source and play a critical role in enabling various procedures associated with income tax compliance. The following are key reasons highlighting the importance of TDS certificates: Proof of Tax Deduction: TDS certificates… Read More »
Check TDS compliance in Audit Check TDS compliance in audit, To Check TDS compliance in audit, you can follow these steps: Obtain TDS Returns: Request the auditee to provide copies of filed TDS returns (Form 24Q, Form 26Q, etc.) for the relevant assessment years. These returns contain information about the TDS deductions made by the… Read More »
GST Compliant Invoice GST compliant invoice is an invoice that adheres to the requirements and guidelines established by the Goods and Services Tax (GST) system implemented in a specific country. Good and Service Tax is a value-added tax levied on the supply of goods and services, and it is design to streamline the taxation… Read More »
GST compliance GST compliance pertains to the act of conforming to the guidelines, statutes, and responsibilities established by the Goods and Services Tax (GST) framework implemented within a specific nation It involves fulfilling various legal requirements and obligations related to the registration, filing, payment, and reporting of GST. Key aspects of GST compliance include: GST… Read More »
Tax Deducted at Source Compliance Tax Deducted at Source Compliance, TDS compliance refers to adhering to the provisions of Tax Deducted at Source (TDS) as per the tax laws of a country. TDS is a mechanism through which tax is deduct at the source of certain payments, such as salaries, interest, rent, professional fees, etc.… Read More »
Requirement of Tax Deducted at Source Requirement of Tax Deducted at Source, TDS (Tax Deducted at Source) is require for several reasons: Revenue Collection: TDS is a mechanism employe by tax authorities to collect tax revenue throughout the financial year rather than relying solely on tax payments at the end of the year. It… Read More »
When is a TDS required When is a TDS required: TDS (Tax Deducted at Source) becomes mandatory when a person or entity makes certain specified payments. The requirement for TDS arises when the provisions of the tax laws mandate the deduction of tax at the source of payment. The specific situations where TDS is require… Read More »
