Hi, this is Ravi. I have over three years of experience in accounting. Today, I’ll be explaining Section 194R in a detailed way Imagine you’re running a successful business. To keep things moving smoothly, you often reward your partners, dealers, or agents with perks like holiday trips, promotional gifts, or […]
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Understanding GSTR-1A: A Complete Guide
Introduction to GSTR-1A GSTR-1A was once introduced as a way for taxpayers (suppliers) to correct mistakes in the sales (outward supply) data they reported in their GSTR-1 returns. GSTR-1A would give suppliers a chance to accept or reject changes suggested by their buyers based on the inward supply details the […]
Continue readingFiling Companies Income Tax Return Under Section 44AD
Filing the Companies Income Tax Return under Section 44AD is a streamlined process designed to simplify tax compliance for small businesses. Section 44AD, under the Income Tax Act, provides a presumptive taxation scheme that allows eligible businesses to declare their income at a prescribed rate, reducing the burden of maintaining […]
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