09 Oct 2020

No Requirement of Scrip - Wise Reporting in ITR

By Admin
Category Income Tax
Views 777

There was a report in a specific segment of media that stock traders/day traders are expected to furnish scrip wise details in the ITR for AY 2020-21. The gain from share trading in the case of stock traders or day traders is usually classified as business income or short-term capital gains.

06 Oct 2020

Common Myths about Company Incorporation

By Admin
Category Company and LLP Compliances
Views 408

Common Myths for Incorporation of The Company and Its Regular Statutory Compliances

Many misconceptions are surrounding the company incorporation and fulfilling compliances. Registering a company and fulfilling compliances with the help of a professional consultant is not a difficult task. It is quite the opposite!

30 Sep 2020

Delinking of Debit/Credit notes with Tax Invoices

By Admin
Category Goods and Service Tax
Views 311

Debit Credit Notes Delinked with Tax Invoices

In pursuance of Section 34 of CGST Act, 2017, the issuance and reporting of Debit/Credit Notes by the supplier in Form GSTR – 1 along with corresponding tax invoice number and date, i.e., one debit/credit note to be issued against one tax invoice.

25 Sep 2020

Reduction in Late Fee for not Furnishing GSTR - 4 & GSTR – 10

By Admin
Category Goods and Service Tax
Views 1259

Section 47 of Central Goods & Services Tax Act, 2017 (CGST Act, 2017) deals with the registered persons who fails to furnish the details of outward or inward supply required under Section 37 or 38.