Advance Tax: Due Dates, Applicability, Procedure, Interest on late payment

Except for few taxpayers, all are required to deposit the tax in advance before the completion of Financial year if the total tax liability is more than Rs. 10,000/-. Failure to deposit before time attracts Interest. In this article, we will cover all the provisions you need to know about Advance Tax : Who Needs to Pay Advance Tax Installment? If the Tax amount for the particular financial year is greater than INR 10,000/- then, the provisions of Advance Tax are applicable to you. For computing Advance Tax, one needs…

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Form 15CA & 15CB Submission Process: New Re-engineered Form
Form 15CA & 15CB Submission Process: New Re-engineered Form

Form 15CA & 15CB Submission Process: New Re-engineered Form

Income-tax Department has introduced a completely new re-engineered Form 15CA and Form 15CB submission process based on various feedbacks provided by numerous corporates and professionals all over India. These transformations will simplify the preparation, assignment, submission, and verification process involved in the entire filing cycle of the Form. The major key transformations are:  (a) Taxpayers are no more required to assign the same CA for multiple 15CA/CB submission in a year. Appointment of CA for Form 15CB is a one-time activity for a particular Financial Year. (b) Once Single Assignment…

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Tax Savings Advices For a Businessman or an Entrepreneur :
how to save tax | Tax Savings Advices for a Businessman or an Entrepreneur

Tax Savings Advices For a Businessman or an Entrepreneur :

Confused about how to save tax in India? Running a Business in India is a cumbersome job. You are burden with a lot of Taxes for operating your Business in India. Whether it’s a small business,  the person ends up paying a huge amount as GST or Income Tax or PF or ESIC, etc, etc. and the never-ending list goes on & on. But with proper planning, an entrepreneur can optimize tax payments. So here are a couple of things an entrepreneur can adopt to do Tax Savings. 1. UTILITIES…

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