Hi all, Today, we will discuss the new tax regime in Income tax. What Is an Income Tax Slab? In India, Income Tax is levied on individuals using a slab system, where varying tax rates are assigned to different income ranges. As an individual’s income rises, the tax rates also […]
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TRACES: Request for OLTAS challan correction | TDS challan correction
Hey all, Today, I would let you know about the OLTAS challan correction process. what is the OLTAS challan request form? Request for OLTAS challan correction refers to the formal process of rectifying errors or discrepancies in an Online Tax Accounting System (OLTAS) challan. OLTAS is a system introduced by […]
Continue readingDirector of a Private Limited Company
The Director of a Private Limited Company holds a pivotal role as the top executive responsible for guiding and steering the organization toward success. This influential leader possesses a unique blend of strategic vision, operational expertise, and strong decision-making capabilities. At the core of their responsibilities lies the task of […]
Continue readingNew e-invoice applicability in GST | New e-invoice limit.
Hi Friends, In this blog, I will let you know about the new turnover for making the e-invoice and its applicability. The GST Department has announced new criteria for e-invoicing from the 1st- of August- 2023. If any GST holder’s turnover is crossed by the prescribed limit in any previous […]
Continue readingBank Account Validation feature in the GST Portal
Hi Guys, This is Ravi Kumar, and Today I will let you know about the bank validation feature on the GST portal. Let’s begin, First of all, When we have been getting the GST registration then this time, it is a must to add the Bank account in the GST […]
Continue readingNew Option to Pay TDS/TCS 2023 | How to pay TDS/TCS in a new way 2023
Hello Guy’s This is Ravi Kumar, and today I will let you know about the payment of TDS/TCS in a new way. Let’s Begin, If you are thinking to pay the TDS/TCS from the NSDL portal then you can’t do the TDS/TCS payment from the NSDL portal. How to pay […]
Continue readingHow to link my Aadhar with my Pan card? | Aadhar Pan linking process.
Hi Guy’s This is Ravi Kumar, and today I will let you know about the applicability of linking PAN with Aadhar Let’s get started, According to the Indian government, the government has already clarified that please link your Aadhar with your Pan after the due date we would collect a […]
Continue readingImportant things about the GSTIN number || All about the GSTIN
Hello guy’s This is Ravi Kumar and today I am gonna show you the basic points about the GSTIN holders Let’s begin, Advantages of registration under the GST. Disadvantages of registration under the GST CASE- 2 If you have 2 GSTIN numbers in a single PAN card so how many […]
Continue readingCan I take 2 GSTIN numbers on the same PAN card?
Hello Guy’s This is Ravi Kumar, and today I am gonna show you the method of obtaining 2 GSTIN numbers on the same PAN card. Let’s Begin, What tells us the section 25(1) of the CGST act? The Goods and Service Tax (GST) is a vacation spot-primarily based indirect tax levied at the delivery of goods and services. It has changed many indirect taxes including VAT, carrier tax, CST, […]
Continue readingIncome Tax Slab Rate For Financial Year 2023-2024 (Assessment Year 2024-2025) || Section 115BAC
Hi Guys This is Ravi Verma, in this article, I am gonna show you the income tax slab rates for FY. 2023-2024 (AY. 2024-2025) Let’s begin, A. Individuals (other than senior citizens and super senior citizens) S.No INCOME TAX RATE (%) 1 Up to Rs. 2,50,000 Nil 2 Rs. 2,50,001 […]
Continue readingNew Income Tax slab rate for FY. 2023 – 2024 AY. 2024 – 2025.
Dear Friends,This is Ravi Kumar and in this article, I am gonna teach you the new slab rate of Income Tax for an individual person.Let’s Begin, There are two types of Income Tax slab rates in India the Old slab rate and the New slab rate. The finance minister Nirmala […]
Continue readingHow to create GST temporary ID for unregistered person?
Hello Guys, This is Ravi, and in this blog, I am gonna show you how to create GST temporary ID Let’s begin, What is meant by GST temporary ID for an unregistered person? The GST department has given this opportunity to an unregistered person for taking his ITC in a […]
Continue readingGST update || Please do it before the 31st of December 2022.
Greetings This is Ravi Verma, In this Article, I will let you know the important things about GST & Income tax, and it should be done before the 31st of December 2022. Let’s Begin, You need to file your important return before the 31st of December 2022 Note – For […]
Continue readingHow do I check my statement status default or process? || Check the status of the statement
Greetings This is Ravi Verma, In this Article, I will show you how to check our TDS filing status on the traces portal. Let’s Begin, Why is the statement status required? After the filling of our TDS return, we have no idea about the statements status of our TDS returns. […]
Continue readingA new way to download CSI files for filing TDS returns | How to download the CSI file from the Income Tax Portal?
Greetings This is Ravi Verma, In this Article, I will show you how to download the CSI file from the income tax portal. Let’s Begin What is the importance of a CSI file for the TDS return filling? The CSI file is the most important part of the TDS return […]
Continue readingWhere do I enter my Cash Ledger Balance at the time of filing GSTR-3B?
Greetings This is Ravi Verma, In this Article, I will let you know about the cash ledger balance. Let’s Begin. In my case of GSTR-3B filling, I have paid my tax payment of Rs 70,000.00, and my ITC is showing Rs 75,000.00. After the payment of my all taxes, 5000.00 […]
Continue readingHow to check the TDS/TCS challan status claimed and unclaimed on the traces portal? | Unconsumed TDS challan details
Hello Guy’s This is Ravi Verma, In this session, I will let you know how to check the TDS challan status. Let’s begin. Login to the traces portal – https://contents.tdscpc.gov.in/ Click on the login button. After that enter your login id, password, TAN number of the deductor, and the captcha […]
Continue readingHow to claim ITC in GSTR-2B?| New update for claiming ITC in 2022
Hello Friends This is Ravi Verma, In this Tutorial, I will let you know about the correct way for claiming ITC. Let’s start, What is ITC in the GST? When a person’s business turnover is more than the threshold limit of Indian rule, then this time he needs to get […]
Continue readingHow can I check my 26AS details?
Hi Guys This is Ravi Verma, In this article, we will discuss the 26AS Details. Let’s started, What is 26AS? If any person will deduct a TDS then he can see that amount with the help of the government IT portal i.e income tax portal. When suddenly our TDS will […]
Continue readingWhat is form 16? | How to generate form 16 | TDS certificate form 16
Hi Guys, This is Ravi Verma, In this article, I will tell you how to generate form 16 Let’s begin, What is Form 16? Basically, Form 16 is declared as the deduction of the salary of every individual. With the help of this form, every person can file their ITR, […]
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