Procedure for filing Returns under Karnataka Professional Tax: A facility has been provided to the registered employer to submit the monthly statement in Form 5 –A and the annual return in Form 5 electronically through internet. Such employer may also pay the tax through electronic mode through internet. Procedure for...
TRACES introduced a new system for NIL return filing of TDS from the FY 2014-15. This is applicable for deductor who did not deduct any tax during the relevant quarter. Therefore, did not file any statement for deduction of tax at source u/s 200(3) of the Income Tax Act’1961. In this...
Challan 280 – How to pay Advance Income Tax of Individuals: Step by Step guide by SattvaCFO to pay advance income tax of Individual Assessee online through a net-banking account with selected banks. CHALLAN NO./ITNS 280 ‘CHALLAN NO./ITNS 280’ is an income tax challan for depositing income tax relating to Advance...
Designated Partner in LLP: In LLP, Designated Partners ('DP')is a concept introduced by the Limited Liability Partnership Act, 2008. Who is Designated Partner? Designated Partner mean any partner designated as such pursuant to Section 7 of the LLP Act. DP is a term used in the LLP who have been designated as...
Statewise Stamp Duty on Issue of Share Certificates: Stamp duty is a state levy to register documents with Registrar. Hence, stamp duty varies in each state and the same is elaborated below: Stamp Duty: Stamp duty is a duty levied on the legal recognition to pay amount of tax on certain...
Several startups are receiving income tax notice on angel funding they have a couple of years ago. What is Angel Tax? Angel Tax refers to income tax payable on capital raised by closely held companies. It is pertinent to note that this income tax is not on income rather on the...
MCA has published FAQ on Limited Liability Partnership (LLP) eFiling in India . In order to access the published article, please click HERE FAQs On LLP E-Filing What are the steps to incorporate LLP? Name reservation: The first step to incorporate Limited liability partnership (LLP) is reservation of name of LLP....
MCA has published an FAQ on the nature of a Limited Liability Partnership (LLP) in India. In order to access the published article, please click HEREAlso, Limited Liability Partnership FAQs can be read below Concept of (LLP) Limited Liability Partnership • LLP is an alternative corporate business form that gives the...
#GSTupdateAAAR Services rendered by one office branch to other centres –Appellate AAR upheld the decision of AAR decision to levy GST on in-house service functions In brief Karnataka Appellate Authority of Advance Rulings (AAAR) has upheld the levy of GST on services rendered by one office branch to other centres. In-house service...
EMPLOYER & EMPLOYEE RELATED What is ESI Scheme? Employees’ State Insurance Scheme of India is a multi-dimensional Social Security Scheme tailored to provide Socio-economic protection to the ’employees’ in the organized sector against the events of sickness, maternity, disablement and death due to employment injury and to provide medical care to...
