Digital Signature Registration |Tax Filing in India | TaxHelpdesk. TaxHelpdesk | Compliances of Partnership Firm Online | Tax Filing in India. Income Tax Return for Partnership FirmsThe Partnership Firms can either file their Income Tax Return either through Form ITR-4 or ITR-5. ITR-4:ITR-4 is to be filed by those partnership firms which are having ing Total Income up to ₹ 50 lakh and having income from Business and Profession which is computed on a presumptive basis.
ITR-5:ITR-5 is to be filed by those partnership firms who are required to get their account audited. 2. Filing of GST ReturnsEvery GST registered person is required to file GST Returns and every partnership firm is required itself under GST, if its aggregate annual turnover exceeds Rs. 20 lacs. Usually, the GST registered partnership firms have to file GSTR-1, GSTR-3B and GSTR-9 returns. If the firm has opted for composition scheme, then GSTR-4 is to be filed. 3. 4. 5. 6. Note:The threshold limit of Rs. 1 crore for tax audit is proposed to be increased to Rs. 5 crore w.e.f., AY 2020-2021, if the cash receipts are limited to 5% of the gross receipts or turnover. Epf Registration | Online Tax Filing Services India | TaxHelpdesk. GST Consultation | Online Tax Filing Services India | TaxHelpdesk. The Best Practice of Asset Management. Very Important Information about GST and Income Tax. TaxHelpdesk - Bookkeeping & Accounting | Tax Filing in India. Do you need Income Tax Consultation to Save Money.
TaxHelpdesk | Partnership Firm Registration Online | Tax Filing in India. TaxHelpdesk - Import Export Code Registration | Tax Filing in India. ONE STOP GST & INCOME TAX SOLUTION PROVIDING YOU THE BEST OF THE BEST TAXATION & LEGAL SERVICES UNDER ONE ROOF! Goods and Services Tax | GST Registration | TaxHelpdesk. Goods & Services Tax: TaxHelpdesk offers the finest process to do your GST registration as well as file your GST Returns online. The registration of any business organization under the GST Goods and service tax law entails not only acquiring a unique number from the relevant tax authorities for the purpose of collecting taxes on behalf of the government and claiming Input Tax Credit for taxes paid on inbound goods but also filing GST Returns on time.
TaxHelpdesk has made filing taxes of GST (Goods & Services Tax) very simple for taxpayers. We attempt to make the process of registering for the GST smooth and seamless. For availing services of GST, all you have to do is click on the relevant service, make payment, upload documents, and your job is done! Having stated that our GST services include applying for GST Registration, filing of GST Returns, replying to notices, cases, appeals, filing of various GST forms and other related services.
What is GSTR 1 & How To File GSTR 1. File Taxes Online | Online Tax & GST Services in India. Know About FSSAI Registration. PAN Registration | TaxHelpdesk. Bookkeeping & Accounting: An Overview. Income Tax and GST Consultation. Taxhelpdesk | user details. Amazon Learn more about this provider ad-idUsed by Amazon Advertising to register user actions and target content on the website based on ad clicks on a different website.
Expiry: 202 daysType: HTTP Yandex _ym_dContains the date of the visitor's first visit to the website. Expiry: 1 yearType: HTTP _ym_isadThis cookie is used to determine if the visitor has any adblocker software in their browser – this information can be used to make website content inaccessible to visitors if the website is financed with third-party advertisement. Expiry: 1 dayType: HTTP _ym_uidCollects data on the user’s navigation and behavior on the website. Expiry: 1 yearType: HTML _ym_visorcSaves information of actions that have been carried out by the user during the current visit to the website, including searches with keywords included. metrika_enabledUsed to track visitors on multiple websites, in order to present relevant advertisement based on the visitor's preferences.
Expiry: SessionType: HTTP _ym#_lastHitPending. Income Tax Consultation | TaxHelpdesk. GST Notices | TaxHelpdesk. How do I File GSTR 4 Returns Online? Blog | TaxHelpdesk. Did you know that there are better ways for tax returns? Bookkeeping & Accounting | TaxHelpdesk. Are you searching for the EPF Return Filing? Income Tax | TaxHelpdesk. Skip to content Income Tax Calculator Partner with us Calendar Submit blog My account Login Forgot Password? Reset Password Forgot Password? Please enter your registered email address. You will receive a link to create a new password via email. Log In. What are the tax implication in Indian stock market (2022- 2023)? Know About Late Fees And Interest On GST Returns. Contact Us | TaxHelpdesk. Which ITR should I File? | TaxHelpdesk. TDS Returns | TaxHelpdesk. Do you know how to File Prior Year Tax Returns?
Are you curious to know about Virtual Currency Assets .png. File Taxes Online | Online Tax & GST Services in India. Did you Know that there are Better Ways for Tax Returns? What is Total Turnover? Does it Include Taxes? GST Consultation | TaxHelpdesk. Tax Implication by Income Tax Help Desk. GSTR 1. TAN Registration | TaxHelpdesk. How to Take Online Bookkeeping Services in India? What are the Services Provided by the GST and Income Tax Service Providers? TDS Returns | TaxHelpdesk. Claiming Section 80D. What Challenges are Faced by the ITR Filing India Taxpayers.
GSTR – 5 & GSTR – 5A or Return for Non Resident Taxpayers & OIDAR Services Provider | TaxHelpdesk. Which ITR should I File? | TaxHelpdesk. Top Benefits by the best GST and Income Tax Service Providers. Transactions on which TCS is Applicable. What factors should you know for an online tax filing service in India? Limited Liability Partnership | TaxHelpdesk. Trademark Registration | TaxHelpdesk. You should know all kinds of Tax-Related Registration.
EPF Registration | TaxHelpdesk. Bookkeeping & Accounting | TaxHelpdesk. What Factors should you know for an Online Tax Filing Service in India? Do you know about all GST and income tax related terms? Income Tax help desk. File Taxes Online | Online Tax & GST Services in India. TDS Returns | TaxHelpdesk. FSSAI Registration | TaxHelpdesk. Udyam Registration | TaxHelpdesk. Income Tax | TaxHelpdesk. Income Tax Consultation | TaxHelpdesk. Mandatory Detials for TDS Return. All Important Aspects of Income tax and GST tax that you should know. Import & Export Code Registration | TaxHelpdesk. FSSAI Registration | TaxHelpdesk. Benefits of (2) Can You Claim HRA Even If You Own A House? Startup Registration | TaxHelpdesk. Do you want GST and Income Tax Services? Which ITR should I File? | TaxHelpdesk. Is it possible to file an income tax return after December 31, 2021? Know Documents Required For GST Registration.
Benefits of (1) Can I File ITR after 31 Dec- 2021? GSTR-8 Or Return To Be Filed By E-Commerce Operators Collecting TCS. GST Returns | TaxHelpdesk. How to Treat Income from Transfer of Shares? | TaxHelpdesk. While the definition of Significant Trading Activity (STA) is not defined anywhere, the CBDT has indicated some broad rules that will be used for this classification.
The decision will conclude down to whether the short-term equity holdings are to be classified as Investments or as Stock-in-Trade. Here are some such broad rules that are indicative of the same: – Volume of equityWhile there are no hard and fast cut-offs, some online brokers do advise traders to classify as business income if the trading volumes in a particular fiscal year exceed Rs.1 crore. – Ratio of Purchases to SaleIf the purchases and sales of shares are of similar magnitude it is typical of a trader and must be classified as business income.
The activity of buying and holding the shares is more of a sign of an investor. – Average periodNormally if your average holding period is shorter, then it is more likely to be business income rather than classified as capital gains. Key Changes in GST That are Effective from January, 2021 | TaxHelpdesk. Another change in GST that has come into effect from 1st January, 2022 is that online food delivery platforms such as Swiggy and Zomato are made liable to collect and deposit GST on restaurant services supplied through them. Further, they would also be required to issue invoices in respect of such services. The move comes after government estimates showed that tax loss to the exchequer due to alleged underreporting by food delivery aggregators is Rs. 2,000 crore over the past two years. Making these platforms liable for GST deposits would only curb tax evasion and more GST collection by the Government.
Also Read: GST Registration on the basis of State and Turnover Note:There is no extra tax burden on the end consumer. This is so because the restaurants were already collecting and depositing GST to the government. UNDER ONE ROOF, TAXHELPDESK PROVIDE THE BEST OF THE BEST IN TAXATION AND LEGAL SERVICES! How to Treat Income from Transfer of Shares? | TaxHelpdesk. Know Reasons Why You Should File Your Income Tax Return | TaxHelpdesk. While filing of Income Tax Return, the individual has to report all the allowances received, investments made, details of deductions and other income that he has earned. Once he has stated all the amounts, his tax liability is calculated and refunds, if any are processed. For instance, Ram aged 35 years is a salaried individual having income of Rs. 1,00,000/ month. He gets House Rent Allowance of Rs. 5,000/month. Further, he has made investments in LIC worth Rs. 1.5 lacs and has savings interest of Rs. 5,000/-. Now, in order to claim TDS Refunds, he will have to file his Income Tax Return and he must mention all the details to claim the following benefits:– HRA (under Section 10(13A))– LIC deduction under Section 80C– Savings interest under Section 80TTA.
Can I claim HRA even if I’m staying at my parents’ house? | TaxHelpdesk. Case 1: Karan is a salaried individual working and residing in DelhiBasic salary + Dearness Allowance = ₹3,00,000/-Rent paid = ₹1,60,000/-Actual House Rent Allowance Received (A) = ₹1,40,000/-50% of salary for metro cities (B) = ₹1,50,000/-Rent paid (-) 10% of (Basic Salary + DA) (C) = ₹1,30,000/-
Form 16: Relevance, Overview & Parts Of Form 16. Apply for Sole Proprietorship Online. Taxability of Capital Assets in India | TaxHelpdesk. CarsCar is considered to be capital asset if it is used for business purposes because they allowed for the purpose of depreciation. On the other hand, car purchased for personal purposes is not considered to be a capital asset. JewelleryJewellery like gold, silver, diamond, precious stones, etc are considered to be capital asset and any profit made on sale of capital asset is treated as capital gain. Art and CollectiblesTill 31st March, 2007, art and collectibles was not considered to be a capital asset. However, from 1st April, 2007 the gain is no longer tax-free since the definition of capital asset has been amended to include paintings, sculptures, drawings, archaeological collections or any work of art. Business AssetsWith respect to assets that are used for the purpose of business, tax payers are allowed to claim depreciation on the cost of acquisition of such assets.
Income Tax Audit: Small Taxpayers or Presumptive Income | TaxHelpdesk. As per the provisions of Section 44AB, following are required to get their books of account audited from a Chartered Accountant: 1. In case of BusinessAny person pursuing business and whose total turnover or gross receipts exceed a sum of Rs. 5 crores (applicable from AY 2020-21) in any previous year (However, this provision is not applicable to the persons who opts for presumptive taxation scheme). Note:– In case, the business turnover does not exceed Rs. 5 crores, then are two additional conditions to be met for non auditing of books of account:– Aggregate of all amount received in cash (including cash sales) does not exceed 5% of said amount, and;– Aggregate of all payments made (including cash expense) does not exceed 5% of said amount.
If the above two conditions are not met, then the person will have to get the books of account of his business audited. 2. 3. Note:If person has opted for Section 44AB, then he has to maintain it for next continuous 5 assessment years. Know Types of Composition Levy Scheme Forms | TaxHelpdesk. Startup Registration | TaxHelpdesk. Online tax filing services indi - taxhelpdesk. TAN Registration | TaxHelpdesk. Goods and sevices Tax. Benefits of Filing GST Returns on Time | TaxHelpdesk. GST Returns are to be filed by all the registered users and the benefits attached to the filing of these returns on time are as follows:– Claiming Input Tax Credit:Input Tax Credit is tax reduced from output tax payable on account of sales.
This amount can be used to reduce the tax liability of the registered user. In order to utilize the accumulated Input Tax Credit, one has to file GST Return on time. Also Read: Rules related to setting off of Input Tax Credit -Avoid levy of interest: Every GST registered taxpayer has to file GST Returns, irrespective of its tax liability. This means that the returns are to be filed even if there is no transaction. . – Avoid late fees: As per the GST Act, late fees of Rs. 100 per day up to a maximum amount of Rs. 5,000 shall be charged for delaying in filing of GST Returns. Also Read: GST Invoices: B2B, B2CL & B2CS Now filing GST Return on time is easy with TaxHelpdesk. The views of the author are persona and Taxhelpdesk does not owe any liability.
File Taxes Online | Online Tax & GST Services in India. DSC Class 3 Registration | TaxHelpdesk. Income Tax Filing Service.