Hey, This is Ravi Kumar, and today I will let you know the due date and return filing dates for TDS & TCS with late fees. What is TDS? TDS stands for Tax Deducted at Source. It’s a mechanism introduced by the government to collect taxes at the source of […]
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The new limit for the presumptive taxation for the AY 2024 25 is about 44AD & 44ADA.
This is Good News for all the Small Businesses and Professionals to Increase the Turnover Limits for Presumptive Taxation Scheme (AY 2024-25). The Indian government, in the Budget 2023, introduced some good changes for small businesses and professionals opting for the presumptive taxation scheme under sections 44AD & 44ADA. In […]
Continue readingWhat is the AIS? and How to check the AIS Statement?
We are aware that companies deduct TDS/TCS, and if we exceed the exemption limit in any criteria, TDS/TCS will be applicable to us. Why? Because the Indian government has announced that if a person surpasses the exemption limit of earnings, they are liable to pay tax on that amount. Consequently, […]
Continue readingFee for professional services and technical services under section 194J
Hello Friends, In my today’s blog, I will let you know about section 194J of the Income Tax Act. What is it? Section 194J of the Income Tax Act, 1961, mandates the Tax Deduction at Source (TDS) on payments made for professional or technical services rendered by resident individuals or […]
Continue readingNew 2-factor Authentication enabled on the GST Portal for login
Hi Dear, I am Ravi Kumar working in Cotocus Pvt Ltd as an accountant and I am providing you with all the new info related to GST on my stocksmantra.in. What is 2 Factor Authentication? In the Goods and Services Tax, a new protection layer is enabled by the government […]
Continue readingDirector of a Private Limited Company
The Director of a Private Limited Company holds a pivotal role as the top executive responsible for guiding and steering the organization toward success. This influential leader possesses a unique blend of strategic vision, operational expertise, and strong decision-making capabilities. At the core of their responsibilities lies the task of […]
Continue readingHow to pay tax from the make payment/post credit to ledger option in GST?
Hi Friends, Today I will let you know how to set off the tax amount with the help of the Make payment/post credit to ledger option. What is GST? GST stands for Goods and Services Tax. It is a comprehensive indirect tax levied on the supply of goods and services […]
Continue readingNew e-invoice applicability in GST | New e-invoice limit.
Hi Friends, In this blog, I will let you know about the new turnover for making the e-invoice and its applicability. The GST Department has announced new criteria for e-invoicing from the 1st- of August- 2023. If any GST holder’s turnover is crossed by the prescribed limit in any previous […]
Continue readingPhysically GST Registration Verification by the GST Officers.
This is a new annousment from the GST departement. many people have not filed their returns of GST, he has taken registration only for their own use they are not following the compliance of GST. During the physical verification process, GST officers may visit the business premises to confirm the […]
Continue readingNew Option to Pay TDS/TCS 2023 | How to pay TDS/TCS in a new way 2023
Hello Guy’s This is Ravi Kumar, and today I will let you know about the payment of TDS/TCS in a new way. Let’s Begin, If you are thinking to pay the TDS/TCS from the NSDL portal then you can’t do the TDS/TCS payment from the NSDL portal. How to pay […]
Continue readingHow to link my Aadhar with my Pan card? | Aadhar Pan linking process.
Hi Guy’s This is Ravi Kumar, and today I will let you know about the applicability of linking PAN with Aadhar Let’s get started, According to the Indian government, the government has already clarified that please link your Aadhar with your Pan after the due date we would collect a […]
Continue readingImportant things about the GSTIN number || All about the GSTIN
Hello guy’s This is Ravi Kumar and today I am gonna show you the basic points about the GSTIN holders Let’s begin, Advantages of registration under the GST. Disadvantages of registration under the GST CASE- 2 If you have 2 GSTIN numbers in a single PAN card so how many […]
Continue readingCan I take 2 GSTIN numbers on the same PAN card?
Hello Guy’s This is Ravi Kumar, and today I am gonna show you the method of obtaining 2 GSTIN numbers on the same PAN card. Let’s Begin, What tells us the section 25(1) of the CGST act? The Goods and Service Tax (GST) is a vacation spot-primarily based indirect tax levied at the delivery of goods and services. It has changed many indirect taxes including VAT, carrier tax, CST, […]
Continue readingHow to know if my Aadhaar card is linked to my PAN card? || PAN linked with Aadhar
Hello Guys, This is Ravi Verma, and today I will let you know how to know if my Aadhaar card is linked to my PAN card Let’s get started, The Indian government has already announced that, If you have not linked your PAN Card to your Aadhar card, so you […]
Continue readingIncome Tax Slab Rate For Financial Year 2023-2024 (Assessment Year 2024-2025) || Section 115BAC
Hi Guys This is Ravi Verma, in this article, I am gonna show you the income tax slab rates for FY. 2023-2024 (AY. 2024-2025) Let’s begin, A. Individuals (other than senior citizens and super senior citizens) S.No INCOME TAX RATE (%) 1 Up to Rs. 2,50,000 Nil 2 Rs. 2,50,001 […]
Continue readingNew Income Tax slab rate for FY. 2023 – 2024 AY. 2024 – 2025.
Dear Friends,This is Ravi Kumar and in this article, I am gonna teach you the new slab rate of Income Tax for an individual person.Let’s Begin, There are two types of Income Tax slab rates in India the Old slab rate and the New slab rate. The finance minister Nirmala […]
Continue readingHow to create GST temporary ID for unregistered person?
Hello Guys, This is Ravi, and in this blog, I am gonna show you how to create GST temporary ID Let’s begin, What is meant by GST temporary ID for an unregistered person? The GST department has given this opportunity to an unregistered person for taking his ITC in a […]
Continue readingNew rule 37A in GST || What is rule 37A?
Greetings This is Ravi Verma, In this Article, I will let you know about the new Rule 37A of the GST. Let’s Begin, New rule 37A is linked with the GST section of 41 What is rule 41 in the GST? Under this rule, If you have taken your ITC […]
Continue readingGST update || Please do it before the 31st of December 2022.
Greetings This is Ravi Verma, In this Article, I will let you know the important things about GST & Income tax, and it should be done before the 31st of December 2022. Let’s Begin, You need to file your important return before the 31st of December 2022 Note – For […]
Continue readingA new way to download CSI files for filing TDS returns | How to download the CSI file from the Income Tax Portal?
Greetings This is Ravi Verma, In this Article, I will show you how to download the CSI file from the income tax portal. Let’s Begin What is the importance of a CSI file for the TDS return filling? The CSI file is the most important part of the TDS return […]
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