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Types of assessment under income tax act | Income tax filing service

February 18, 2022 Admin GST, Income Tax

Introduction Types of assessment under income tax act – Income tax filing service, the course of assessment of ITR by the Income Tax Department is classified “Assessment”. The assessment likewise incorporates re-assessment and best judgment assessment under section 147 and 144 separately and the diverse sort of income tax assessment. Types of Income Tax Assessment: Self-Assessment – u/s 140A Summary […]

What is the Presumptive Taxation for Business and Profession in India?

September 23, 2021 Admin GST, Income Tax

Section 44ADA – Presumptive Obligation Scheme for Specialists A scheme for presumptive tax assessment was introduced under section 44ADA from the FY 2016-17. Section 44ADA gives a direct procedure for tax collection for little specialists. Section 44ADA offers a scheme of presumptive tax collection from advantages and gains rising up out of reasons for living referred to under Section 44AA […]

Interesting Facts about GST Registration in Chennai

March 14, 2020 Admin GST

Here, we are discussing Online GST Registration and a complete overview of GST. GST is Goods and Services Tax.GST was launched at midnight on July 01 2017.Goods and Service Tax is one indirect tax for the whole nation which makes the nation one unified common market. Firstly a proposal to introduce GST by April 01 2010 was first mooted in […]

Frequently asked questions on GST

May 5, 2018 Admin GST

There are many questions are asked by the peoples to know about GST registration and here we give some answers which are frequently asked questions on GST. Can a person without GST registration request ITC and collect tax? No, a person without GST registration can neither get GST from his customers nor can claim any input tax credit (ITC) of […]

Liable for registration under GST ?

September 16, 2017 Admin GST

Under this act, every provider shall be liable to be registered in the state or Union territory, from where he can doing their business. (a) Other than special category states – exceeds ₹ 20 lakhs. (b) Special category states – exceeds ₹ 10 lakhs. Meaning of terms : (a) Special category states shall mean the states as specified in clause […]

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