Hi Guys, This is Ravi Verma, In this article, I will tell you about the best deduction of TDS on salary. Let’s begin, What is TDS? The Government of India introduced this section in 1961 and it is a direct tax. After getting into this tax, a salaried person will […]
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GSTR-1 New Changes | New filing process for GSTR-1
Hi Guys This is Ravi Verma, In this article, I will tell you about new changes of GSTR-1 Let’s start, The government has implemented new changes in GSTR-1. When we file our GSTR-1, we see a submit option, this option is used to submit our GSTR-1 report.Now the government has […]
Continue readingTDS Section Code for FY 2022 – 2023.
Hi Guys This is Ravi Verma, In this article, I will tell about the rate of TDS Let’s start, The Government of India has imposed different rates of TDS on all the individuals on different incomes so that all the individuals continue to pay tax on their income to the […]
Continue readingFull details of ITR-01?
Hi Guy’s This is Ravi Verma, in this article I will tell you about the ITR-01. Lat’s start, Any person in India, whether he runs a business or receives a salary, the government has fixed a limit for all. Any person who earns income more than this limit has to […]
Continue readingTop 20 Questions and Answers about GSTR-1 in 2022
Hi Guy’s This is Ravi Verma, in this article, I will tell you about the question and answer of GSTR-1 Let’s Start, What is GSTR-1? In GSTR-1 we give a summary of all our sales so that the government can know how much tax we have collected which we have […]
Continue readingHow to file NIL TDS return through online mode | Nil TDS Return Declaration at Trace Site?
Hi Guys This is Ravi Verma, in this article, I will tell you how to file a NIL TDS return online. Let’s start, What is TDS? Its full name is Tax Deducted at Source, According to the Income Tax Act, 1961, every individual or organization is liable to pay taxes […]
Continue readingWhat is agriculture income? | Definition of agriculture income under the income tax act
Hi guys This is Ravi Verma in this article I will tell you about agriculture income under the income tax act let’s start What is meant by agricultural income? When a person does any work related to agriculture or other agriculture on his land and this work is covered under […]
Continue readingWhat is TDS on salary? How to deposit TDS on salary online on the government portal
This is Ravi Verma, In this article, I will tell you how to deposit TDS for salary through online mode. What is TDS on salary? When the salary of any person crosses the threshold limit, then the government levies the tax on his salary, which we call TDS. Who Is […]
Continue readingChanges in GSTR-2B in 2022 | How to claim ITC in GST 2022 | What has been said in the budget about GSTR-2B in 2022-2023?
This is Ravi Verma, In this article, I will tell you how to claim the correct ITC in GST Portal As per section 38:- Now the government has changed the rules for claiming ITC. If any person has to claim his ITC, then he will have to claim his ITCaccording […]
Continue readingWhere can I see my consolidated tax liability in GST Portal? | Where do I know whether any tax liability is due on our part in the GST Portal? | Tax liabilities and ITC comparison
This is Ravi Verma, In this article, I will tell you how we can know our tax liability in the GST Portal and we will also know what is the process to pay this liability in an easy way if we have not paid any liability by mistake. Please follow […]
Continue readingAfter how many days of filing TDS we can download Form 16A?
Hello this is Ravi Verma In this article, I will tell you that after how many days of filing TDS we can generate Form 16A from the TRACES portal. After how many days we should download Form-16A When we file our return, after 3 to 4 days we have to […]
Continue readingThe new feature of GST (Communication between taxpayers) in 2021
Hi guy’s This is Ravi Varma, in this article I will tell you about Communication between taxpayers. Let’s start, What is the meaning of Communication between taxpayers? The GST portal has brought a new feature of the government which we will know as communication between taxpayers. With the help of […]
Continue readingHow to download the ITR filing form of the previous financial year in the new portal of Income Tax?
What is ITR? When the turnover of a company or individual crosses the prescribed limit in a financial year, that person has to file his ITR so that he can inform the government that he has not evaded any kind of tax. And they have given their liability to the […]
Continue readingFull detail of GSTR-1 Column no.12- HSN-wise Summary of outward Supplies
Any company whose turnover is more than 5 crores and has opted for monthly mode to submit its invoice, then it becomes necessary to enter the HSN/SAS code information of the goods or services in the invoice in column number 12 of GSTR-1 All information about HSN CODE columns (a) […]
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What is a credit note and how is a credit note issued?
What is credit note? When a company accidentally increases the amount when issuing its invoice, at that time we issue a credit note to rectify that invoice. When we issue a credit note to our supplier, due to the release of that amount of the credit note, we amassed the […]
Continue readingWhat is The Amnesty Scheme Under GST and Its benefits?
What is Amnesty Scheme? When a registered company does not file its GST return, it incurs a late fee and if that registered company does not file its GST in the same way, it incurs a lot of late fees, which causes that company a lot of trouble. How to […]
Continue readingHow to see it after filling GST PMT-09?
When we go back to the electronic cash ledger after filing GST PMT-09 in our portal, we have the option to view the GST PMT-09 file in it. After clicking on it, it gives us two options, from which we can see our PMT09 challan. 1st is SEARCH BY ARN […]
Continue readingFull Process To Filed GST-PMT09
What is GST-PMT09 Form? When the balance in our cache ledger accidentally moves to different columns, we use GST PMT-09 to bring it into the correct column. If the tax amount has gone to the wrong column, with the help of GST-PMT09 we can bring it to the right column, […]
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How To Furnish our B2B Invoices in Offline Method under IFF Facility?
IFF (Invoice Furnishing facility):- Under this method, we submit all our (B2B) invoices by the 13th of every month. This is optional for each taxpayer. Because when a taxpayer finishes his invoices with the help of (IFF), it is easy for his supplier to get an income tax credit. IFF […]
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USEFUL ACCOUNTING RESOURCES FOR MONTHLY AND YEARLY COMPLIANCES
TDS (Tax Deducted At Source) These are the rules made by the government, in which the government is monitored by any of your income and as soon as you get any profit which falls under the rule of tax deducted At source, then the government is first paid tax. The […]
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