Unarguably, having your own brand and developing it is one of the best things you could do to have a prosperous business and thus protecting the brand is also pertinent which could be done through registering your brand as a trademark with the appropriate authority. Registering a trademark is easier said than done as it’s a… Continue reading
Date Archives → 2020
Important aspects one should know before filing the ITR
You must have heard about the extension in dates of filing ITR for FY 2018-19 (belated) & FY 2019-20. Here we will discuss about the dates and also some of the important aspects one should know with respect to changes in income taxes: Here’s a summary of extended dates To file belated ITR for FY… Continue reading
Things to know before filing ITR for FY 2019-20
The time to file ITR is going to begin soon for FY 2019-20. CBDT has notified various tax forms and provisions regarding the filing of Income Tax Returns. Further, form ITR-1 is available for filing in the income tax e-filing website now. The last date to file belated ITR for FY 2018-19 is 30th June… Continue reading
Process of claiming refund of GST on export electronically
Here, I aim to discuss the new procedures around claiming refund of GST for businesses engaged in export of goods or services. Earlier due to the unavailability of electronic fund module on common portal, a temporary mechanism was devised and implemented wherein applicants were required to file the refund of application and the supporting documents… Continue reading
Why & How to register under MSME
MSME stands for Micro, Small, and Medium Enterprises. In accordance with the Micro, Small, and Medium Enterprises Development (MSMED) Act in 2006, the enterprises are classified into two divisions. Manufacturing enterprises – engaged in the manufacturing or production of goods in any industry and Service Providers. For these small-scale industries, it is essential to make them… Continue reading
How to file GST returns for online business?
The trend of selling goods & services online has seen a boost like never-before. It is convenient & economical to sell online and one could take up this business even along-with their ongoing profession/business or Job. The government has also realized the potential of the online ecosystem and that is why we have been seeing… Continue reading
How to choose between the new & old Income tax regime for FY 2020-21
The Union budget 2020 has introduced new income tax regime in India for Individual taxpayers with reduced rates (and increased twists). We will discuss about the following in this article: What’s there in the income tax old regime and new regime? What are the conditions to avail it and who can opt it? Is it… Continue reading
Income Tax Implication on F&O (Futures & options) transactions & Intra-day trading
This article is about how trading in derivatives(F&O) and intra-day trading is to be treated under the Income tax, i.e. the income tax implications on F&O (future & options) trading We will briefly discuss the following: 1. Basic understanding of the concept 2. Computation of income- F&O & intra-day trading 3. Calculation of turnover- F&O… Continue reading
Company Fresh Start Scheme 2020- one time opportunity
There’s no better time for the defaulting companies than this. The Ministry of Corporate Affairs decided to give all the defaulting companies another chance to regularize company compliance without late fees irrespective of the delay duration. Further, as per the notification on MCA website, relief is also being given to DIN holders whose DINs were… Continue reading
Are doctors required to register under GST?
This article deals with the question- whether GST registration for doctors is required ?The health care sector is one of the biggest sectors in India, is regulated by the Indian Medical Association (IMA). Doctors, apart from engaging themselves in healthcare services by working as doctors and consultants in hospitals, or running their own clinic etc. can… Continue reading