Table of Contents Income tax return filing due date is approaching. Whether you are ready to file your return? Running individual business and not sure about income tax provisions? Here’s your complete guide to taxation of sole proprietor in India. Solo Proprietor Income Tax What is Income Tax? Income Tax is a direct tax levied …
Table of Contents Sole Proprietors are the most common type of business owners running businesses in India. Such businesses are called sole proprietorships and are usually run and managed by single owners known in Income Tax as Individual tax payer. This being business run by single person, income tax rates of individual are applicable and …
Table of Contents In our last article “ 5 ways to save tax for sole proprietor” we had seen some basic things how a sole proprietor can save tax and grow his business. In this article we will see in detail what are other tax saving tools for small business class which will also help …
Table of Contents Introduction of GST With the introduction of GST, it has become extremely important for taxpayers to comply with the new laws and regulations and adapt themselves with new business environment. Complexity in GST have increased quite a lot with day-to-day amendments, circulars & notification and therefore it is important for the taxpayers …
Table of Contents Introduction GST is a path breaking indirect tax reform which was introduced with a vision to bring significant benefits to all the stakeholders. The simplified tax structure has been designed in such a manner that it eradicates cascading of taxes across the entire supply chain, thereby making goods and services more competitive. …
How to reduce GST liability by making use of Input Tax Credit (ITC)? Read More »
GST, One Nation One Tax system created a Taxation history on July 1st, 2017. Albeit making Businessmen to stop evading taxes, post – GST era has created inconvenience for them. The growing compliance burdens, technical jargons and information asymmetry related to filing and returns has created a nexus for people to file, register and adhere to the rules of GST Law. The Complex procedures, process and perplexing rules has pushed the businesspersons and Small-scale enterprises down the rabbit hole. If you are among them, then we at myGSTzone will help answer all your queries regarding the rules, registration and filing returns of GST.
