E-Way Bills Under GST
Introduction to E-Way Bills E-way bill is an electronic way bill for movement of goods which can be generated on the GSTN. A registered person has to generate an E-way bill if the value of goods is greater than Rs. … Continued
Deductions Under Section 80 of the Income Tax Act
Introduction – Taxes are a primary source of funds for the Government. Besides the basic exemption limit, one can avail additional deductions. You need to invest in specified securities in order to take advantage of these additional deductions. In this … Continued
Advance Tax
Advance Tax What is advance tax? Simply put, it is an advance payment of tax. Instead of paying your taxes in one go at the year end, it has to be paid in installments. This scheme is also known as … Continued
Schedule III of the Companies Act 2013
Schedule III (See section 129) GENERAL INSTRUCTIONS FOR PREPARATION OF BALANCE SHEET AND STATEMENT OF PROFIT AND LOSS OF A COMPANY Where compliance with the requirements of the Act including Accounting Standards as applicable to the companies require any change … Continued
Section 44ADA
Section 44ADA – Special provision for computing profits and gains of profession on presumptive basis. There are good number of compliances under the Income Tax Act. These include maintaining a proper set of books of accounts, getting these books of … Continued
Section 44AD – Special Provision For Computing Profits and Gains of Business on Presumptive Basis
Section 44AD of the Income Tax Act, 1961 – Section 44AD, a scheme launched for the benefit of small businesses, wherein the assesses which are eligible for the scheme do not have to maintain books of accounts and file returns … Continued
Schemes launched for the benefit of small businesses
Section 44AD Read more here Section 44ADA Read more here Section 44AE Read more here