Category: Finance
How relevant are the Mutual Fund Ratings?

How relevant are the Mutual Fund Ratings?

Today, you, a mutual fund investor are overwhelmed with the plethora of mutual fund schemes. More so when you find that schemes from different fund houses come with similar ...

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Manual procedure for refunds under GST

Manual procedure for refunds under GST

Due to the non-availability of the refund module on the common portal, it has been decided by the competent authority, on the recommendations of the Council, that the ...

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How can I close my business running in the name of LLP?

How can I close my business running in the name of LLP?

To avail the hybrid benefits of Corporate Body and Partnership firm, an entity known as Limited Liability Partnership is introduced by ...

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Cash basis of accounting

Cash basis of accounting

Under the cash basis of accounting, revenues are recorded in the period in which the cash is received, not the period in which the goods have been sold or services have been ...

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TDS on payment of rent above Rs 50000

TDS on payment of rent above Rs 50000

EXISTING LAWThere is an existing provision for deduction of TDS (deduction of tax at source) under section 194-I in the Income Tax Act, ...

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GSTR 1 Issues and Resolutions

GSTR 1 Issues and Resolutions

• Earlier date (i.e. Before GST Registration date) is not allowed to be selected for an invoice. What should I do?Error might be ...

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100 Issues & solutions in filing GST Returns & TRAN Forms

100 Issues & solutions in filing GST Returns & TRAN Forms

18 Issues in GSTR 1 Whether any changes pertaining to earlier return needs to be updated in subsequent GSTR 3B or in actual GSTR 1? ...

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FAQs on Salary Income

FAQs on Salary Income

What is considered as salary income? Section 17 of the Income-tax Act defines the term 'salary'. However, not going into the technical definition, generally whatever is received ...

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Five Current issues in Goods and Services Tax Law

Five Current issues in Goods and Services Tax Law

1) Availability of Transitional credit for Traders: It is seen that based on the concerns raised by various exporters, government has immediately acted upon and created a ...

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How to handle notices from tax department

How to handle notices from tax department

WHY YOU GET IT NOTICES A. It returns has not filed or delayedYour employer deducted tax from your salary. Mismatch in tax creditTDS in your Form 16 may be different from ...

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