What are the Objectives of Tax Audits?

We all are aware that we will have to go through a tax audit if our turnover exceeds the prescribed number as prescribed by statute i.e. Income Tax Act 1961. However, have you ever wondered why there is a requirement for tax audits? Or, what are the objectives of tax audits? In [...]

The Recent Tax Audit Slab for Businesses and Professionals

Tax Audit Limit is one of the least discussed topics, as a result, a lot of people donít know much on the subject. Even educated entrepreneurs and professionals donít know much about the mandatory tax audit limits that have been prescribed & applicable to them. As we might a[...]

How is Tax Calculated with GST?

As new as the concept of Goods and Services Tax (GST), there are many questions related to it. One of the  most prominent questions being Ė How is tax calculated with GST? Ask anyone about it, most people have no clue about. Even people living in cities like Bangalore, worki[...]

How to File Income Tax Returns?

Filing income tax returns has its benefits. By doing so, you will be able to track your creditworthiness with the help of income tax return status. In addition to that, filing income tax returns makes you eligible for refunds, if your tax payment has exceeded your actual tax obli[...]

What are the Final GST Slab Rates?

GST (Goods and Services Tax) has been one of the main topics of discussions in the recent times, especially, in cities like Bangalore. There have been many articles and blogs written about GST. Nevertheless, a few questions have been bothering people a lot recently ĖĖ What are th[...]

Taxation on Sale of Shares and Securities

Capital gains are the rising worth of an investment that makes its current value higher than when it was originally bought by the owner. However, if you do not sell the shares, then the capital gains are not realized and you make no profit. On the other hand, if the worth of the [...]

Taxation on Sale of Property

You have a property in Bangalore and you want to sell it. But, selling a property in Bangalore comes with its own set of problems. Of course, you have to look for a buyer and you have to get your paperwork done. However, there are also taxes included in the sale of a property. Ye[...]

Tax Benefits to Salaried Employees

Being a salaried employee has its perks. No, not just your salary, there are also tax benefits that you can enjoy as a salaried employee. Whether you are working for a startup or an MNC, as a salaried employee you can enjoy the following tax benefits: Of course, when we are talk[...]

Claiming House Rent Allowance Benefits in Income Tax Returns

So, you have been working in a company, for more than a year now. But, you have never come across the term HRA benefits. As a result, you donít know how to claim it. Before knowing about claiming your HRA benefits, let us know about it. HRA is an allowance that can be claimed by [...]

Where and How to Register for GST?

Ever since its recent hike, topics regarding GST (Goods and Services Tax) have been widely discussed. Especially, topics regarding GST registration and GST form. So, without much delay, we will tell you where and how can you register for GST.Where Can You Register For GST?Of cour[...]

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