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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...
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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...
turnover in Futures and options

Futures and Options – Confusions and Calculations in Futures and Options

Table of Contents Futures and Options stock trading methods available at fingertips of cell phones and laptops have created a...

Get Free GST Registration for Business

(We have discontinued the Free GST registration till further updations. Thank you for your kind responses.) Yes, We have decided...
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Core Ethics – Our Strengths

We have been asked this various times and by almost all our clients. The answer is plain and Simple -...
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...
Can I buy a DSLR camera using my father’s Amazon business account who is a contractor?

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...
If a person gets the rebate in income tax (less than or equal to 5 lakh income), does it mean he is not paying tax just as a person with income less than or equal to 2.5 lakh?

If a person gets the rebate in income tax (less than or equal to 5 lakh income), does it mean he is not paying tax just as a person with income less than or equal to 2.5 lakh?

Yes its true. Let us understand the logic behind this. Tax slabs are applicable to all, i.e. Individuals, HUF, Private...
Can a medical shop supplying MRP printed medicines be registered under composition scheme. If yes, a) can it collect MRP from customers? OR b) whether it should collect the value after excluding GST from MRP from customers?

Can a medical shop supplying MRP printed medicines be registered under composition scheme. If yes, a) can it collect MRP from customers? OR b) whether it should collect the value after excluding GST from MRP from customers?

I will first answer your queries in short and then detailed. Yes it is eligible to be registered in composition...