Deduction of payment to MSMEs
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Advance Tax Payment – Know How
Advance tax is the amount of income tax that is paid much in advance rather than a lump-sum payment at the year-end. Also known as, earn tax.Advance tax is to be paid in instalments as per the due dates decided by the income tax department.
Form-11 : Annual Return of LLP
Every Limited Liability Partnership registered under the Limited Liability Act, 2008 has to make certain compliances. One of such compliance is the filing of Form 11 with Ministry of Corporate Affairs. Every financial year, an LLP has to file this Form 11 online on the MCA Portal.
Factors to help you choose the right Tax Regime
In Budget 2020, government introduced ‘new tax regime’ scheme where taxpayers could pay taxes at a lower rate without availing any exemptions and various deductions that were available to a tax payer.
Higher Rates of TDS & TCS for Non-Filers
The Finance Act 2021 has introduced two new sections in the Income Tax Act, viz., Section 206AB & Section 206CCA.
