Compliance checklist for startups
If you are founder of a startup company and worried about different laws you have to comply with, this article is worth bookmarking. Running a startup is energy consuming work and it makes sense to not waste money on government penalties. Even if you are running a one man show, it cannot ... Click to read full article

Pulkit Sharma 29/01/2018 under Startups

How to apply for transporter ID by a transporter under GST?
If you are a transporter and already registered under GST then you do not have to apply separately for a transporter id. However if you are not registered under GST, then you have to apply for transporter id. In this article you will learn, how you can apply for a transporter id. What is... Click to read full article

Pulkit Sharma 29/01/2018 under GST

WHAT IS AN E-WAY BILL UNDER GST An E-WAY bill is a mandatory transport document for the transportation of Goods under  GST regime. It will be a compulsory document for both Interstate and Intrastate transport for consignments with VALUE EXCEEDS FIFTY THOUSAND RUPEES.  The provisions ... Click to read full article

Shijoy James 23/01/2018 under GST

Cryptocurrencies and Tax - A guide on taxation on Bitcoins in India
Cryptocurrencies are future or are they just a bubble waiting to burst? It does not matter, many have made huge gains by investing in cryptos. Bitcoin is most talked about digital currency and there is reason for it. Over the years Bitcoin has given more returns on investment than any o... Click to read full article

Pulkit Sharma 19/01/2018 under Income-Tax

GST Registration Online
GST (Goods and Services Tax) registration can be done online in very simple steps. You can hire a consultant who can do this job for you, or you can do it yourself. Almost every service that can be completed online, is made easier and similar is the case with GST registration. You need t... Click to read full article

Pulkit Sharma 22/01/2018 under GST

Filling offline GSTR1 is a nightmare
Filing GSTR1 thru offline utility is a nightmare. This is a curse on filers like CAs. When you download the utility and run the exe file, many a times the installation hangs. It is just 36mb files but for only reasons known to God…it takes about 10 mins for the whole installation. ... Click to read full article

Navin Gadidala 11/01/2018 under GST

Become a super hero - Help people understand complex tax laws
Do you know people hardly ask anyone on phone or personally their doubts, instead they search on internet. If you are not on internet then you will be missing lot of opportunities. Whether you are applying for a job or starting your own profession, creating an online identity to showcase yo... Click to read full article

Pulkit Sharma 09/01/2018 under General

Cash limits and penalties under Income Tax Act
Many people have question about maximum cash they can give or accept without facing any problem under Income Tax Act. People have lot of doubts on one can accept cash and give cash whether in form of loan, advance, deposit or against a business transaction. How much cash sales one can do... Click to read full article

Pulkit Sharma 07/01/2018 under Income-Tax

Late filing fee and penalty on delay in filing Income Tax return
Late filing fee is going to be a reality now under Income tax. Until now even if you filed your return late, there was no mandatory late filing fee levied on your delay filing of returns. However this has changed  from assessment year 2018-19 (financial year 2017-18) and now you have to p... Click to read full article

Pulkit Sharma 06/01/2018 under Income-Tax

How to calculate income tax on house rent?
If you own a house and given it on rent, you will have to calculate income tax on it and pay your taxes. You cannot claim any expenses against rent received for any repair or maintenance done by you. However government do give a standard deduction of 30%. In this article I will explain you ... Click to read full article

Pulkit Sharma 05/01/2018 under Income-Tax

How to file income tax return for salaried employee using ITR-1
Filing income tax return for a salaried person is very simple. If you are earning only from employment and do not have any other source of income except interest on saving bank accounts, you need not to hire any consultant for filing your income tax return. I will show you steps to file you... Click to read full article

Pulkit Sharma 04/01/2018 under Income-Tax

Input Tax Credit in GST - Checklist
Having an expense invoice is not enough to claim input tax credit under GST. Expense tax invoice is only one requirement. To get the benefits of claiming ITC on purchases you need to have proper documents and also make sure your supplier is compliant with GST. Goods and Services tax has its... Click to read full article

Pulkit Sharma 02/01/2018 under GST

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