Hi Guy’s This is Ravi Verma, in this article I will tell you about the ITR-01. Lat’s start, Any person in India, whether he runs a business or receives a salary, the government has fixed a limit for all. Any person who earns income more than this limit has to […]
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How to Add a New Employee in EPFO Portal | New UAN Registration on EPFO Portal
Hi Guy’s This is Ravi Verma, In this article, I will tell you about adding new UAN holders to the EPFO portal. Let’s Go, Employee’s most important point before registration on EPFO portal of employees. If we want to add any new employee on the APFO portal of the employer […]
Continue readingHow to file NIL TDS return through online mode | Nil TDS Return Declaration at Trace Site?
Hi Guys This is Ravi Verma, in this article, I will tell you how to file a NIL TDS return online. Let’s start, What is TDS? Its full name is Tax Deducted at Source, According to the Income Tax Act, 1961, every individual or organization is liable to pay taxes […]
Continue readingWhat is section 194j? | What are the fees to be covered under section 194j?
Hi Friends This is Ravi Varma In this article I will tell about section 194j. Let’s start, Definition of Section 194j According to Income Tax ACT, when we pay professional fees, technical fees, royalty to any person, then we deduct TDS under section 194j and deposit it to the government. […]
Continue readingWhat is agriculture income? | Definition of agriculture income under the income tax act
Hi guys This is Ravi Verma in this article I will tell you about agriculture income under the income tax act let’s start What is meant by agricultural income? When a person does any work related to agriculture or other agriculture on his land and this work is covered under […]
Continue readingDefinition of the person in Income Tax Act 1961 | What is section 2(31) tell us?
Hi guys This is Ravi Verma in this article I will tell you about the definition of a person in the income tax act Let’s start Who is a person in income tax act-1961. In section 2(31) a person is An Individual:- A HUF A Company A Firm An AOP […]
Continue readingWho is the assessee? Definition of section2(7)
Hello guys This is Ravi Verma, in this article I will tell you about the assessee. let’s start Who is the assessee? Section 2(7) of the Income Tax Act 1961 states that the person who is counted under this act is called an assessee. In other words, eighty is the […]
Continue readingRebate under 87a of income tax ACT
Hello, This is Ravi Verma, In This Article, I will tell you about what is the benefits of section 87a. This rebate can be availed only by a Resident of an Indian Person and that person should be an individual, then his income up to 500000 is tax-free, and it […]
Continue readingWhat is TDS on salary? How to deposit TDS on salary online on the government portal
This is Ravi Verma, In this article, I will tell you how to deposit TDS for salary through online mode. What is TDS on salary? When the salary of any person crosses the threshold limit, then the government levies the tax on his salary, which we call TDS. Who Is […]
Continue readingImportant date extended in the month of February 2022 | Relaxation on levy of additional fees.
Hello Friends, In view of the slowness of our MCA portal, our government has extended the date of some important forms. Some compliance due dates of private limited and public limited companies have been extended and due dates of no other firms have been extended. PARTICULAR PREVIOUS DATE EXTENDED DATE […]
Continue readingAfter how many days of filing TDS we can download Form 16A?
Hello this is Ravi Verma In this article, I will tell you that after how many days of filing TDS we can generate Form 16A from the TRACES portal. After how many days we should download Form-16A When we file our return, after 3 to 4 days we have to […]
Continue readingit compliance certificate u/s 206ab/206cca
Hi guy’s This is Ravi Varma, in this article I will tell you how to download the IT compliance certificate u/s 206ab/206cca Let’s start, By following these steps, you can download the IT certificates and also take new registration. Please Go to the income tax portal and enter your log […]
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INCOME TAX RATE SLAB FOR PRIVATE LIMITED COMPANIES
Income Tax Rate Private Limited Companies FY 2020-21 There are two types of investments in India company, one is of Normal India, which we called as Domestic Company and another forging company invests in it. All the companies have to file their returns on 30 September whether it is domestic […]
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INCOME TAX RATE SLABE FOR INDIVIDUALS IN INDIA
Slab Rate Financial Year 2020-21 Direct tax to be paid on the income of any person is called income tax. In India, the tax levied on all persons is levied according to age, in which all are category wise divided. Individual (Resident or Resident but not Ordinarily Resident or non-resident), […]
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INTRODUCTION TO GST IN INDIA
(A)GST IN INDIA AN INTRODUCTION *background of taxes:-if you take any country it is actually the responsibility of the government to fulfill the increasing devolvement needs of its people and how the government can fulfill them by getting all public expenditure.If you take in India:-India is still a developing economy […]
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How to Submit Professional Tax – Karnataka ?
What is Professional Tax?Professional tax is a kind of tax which is levied by state government to all kinds of professions, trades, and employment who are functioning in their states. This tax amount levied monthly or yearly based on the income of such profession, trade and employment. Professional tax determined […]
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How to calculate TDS of an employee ?
What is TDS (Tax Deducted at Source) ? TDS is a medium of collecting Income Tax in India under the Indian Income Tax Act of 1961. According to the Income Tax Act, if any organization or a person is providing salary / payment have to deduct tax at source, it the […]
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