Claim itc 100

How to Claim 100% GST ITC for Business and Reconcile your ITC

What is Reconciliation of ITC Due to a lack of Accounting professionals and cost-cutting measures, small and medium businesses engaged themselves with untrained accounting manpower. Those who couldn’t hire a full-time accountant switched to a part-time accountant who worked on a contract basis.  This resulted in poor quality of accounts maintenance. The financial impact faced […]

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सही आयकर रीटर्न दाखिल करने हेतु अपने CA/Advocate को कम से कम इतनी जानकारी देवे |

आयकर रीटर्न समय के साथ अब काफी जानकारी मांगता है और यदि आप पूरी जानकारी नहीं देते या अनजाने में कोई आय पर टैक्स नहीं पटाते है तब उसमे बाद में आपको भरी टैक्स और पेनल्टी चुकानी पड़ सकती है | इसलिए जरुरी है की आप कम से कम निम्नलिखित जानकारी आपके CA/Advocate को देवे

सही आयकर रीटर्न दाखिल करने हेतु अपने CA/Advocate को कम से कम इतनी जानकारी देवे | Read More »

q and A

Can I claim the input tax credit on a product that I bought under EMI?

GST is basically charged in a purchase-sale transaction. You can avail ITC on all purchase-sale transactions provided you are complying with ITC rules. However, to be able to claim this benefit, you must meet the following conditions 1. Payment the supplier within 180 days from issue of invoice 2. Inputs and capital goods should not

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turnover in Futures and options

Can You Switch from Audited Accounts to 44AD Presumptive Taxation in case of No or Less Income?

Question Question:- The tax audit was conducted for the last 3 years, as profit was less than 8% of the turnover. However, This F.Y. I want to file return u/s 44 AD of the income tax act, as the Total Income is less than “maximum amount not chargeable to tax”. Will I still be covered

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धारा 44 AD करदाताओं के लिए कैसे फ़ायदेमंद है और क्या आपको इस का चुनाव करना चाहिए?

इनकम टैक्स डिपार्टमेंट ने छोटे करदाताओं अर्थात  कम  टर्नओवर वाले करदाताओ को राहत पहुंचाने के लिए धारा 44AD का प्रावधान लाया है|  इस धारा के तहत आप अपना  बुक ऑफ़ अकाउंटस  यानी खाता- बही बनाना और रखना  नहीं पड़ेगा  और आपको अपनी ऑडिट भी नहीं करवानी पड़ेगी | आपको अपने अनुमानित टर्नओवर के 8% या

धारा 44 AD करदाताओं के लिए कैसे फ़ायदेमंद है और क्या आपको इस का चुनाव करना चाहिए? Read More »

turnover in Futures and options

Futures and Options – Confusions and Calculations in Futures and Options

Futures and Options stock trading methods available at fingertips of cell phones and laptops have created a new set of traders who are desirous of making quick money by short term trading and not holding to Equity for years. Not to mention, heavy advertisements of “Binary options” (which is mainly practiced in the US and

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q and A

Can I buy a DSLR camera using my father’s Amazon business account who is a contractor?

Hello there, Yes, You can buy DSLR Camera using someone else’s Amazon Business Account. There is no restriction on business accounts buying personal Goods. You, however, need to take care that you cannot claim GST input credit for the Purchased product as the DSLR is not used for business purposes. GST credit for any purchases

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