Classes of Digital Signature

Classes of Digital Signature as per Controller of Certifying Authorities

Classes Digital Signature as per Controller of Certifying Authorities: Class 1 : The verification requirements are (i) Aadhaar eKYC Biometric or (ii) paper based application form and supporting documents or (iii) Aadhaar eKYC OTP + Video Verification. The Private Key generation and storage can be in software. Class 2 : The verification requirements are (i) Aadhaar […]

Discussion on Section 80TTB under Income Tax Act

Discussion on Section 80TTB under Income Tax Act

Discussion on Section 80TTB under Income Tax Act Section 80TTB There are several questions arises after proposing to insert the section 80TTB as per finance bill 2018. I want to resolve some of these questions which are came into my knowledge, so before discussing questionnaire we have to read something about section that what the […]

Implementation of video verification in Class 2 has been extended

Implementation of video verification in Class 2 has been extended. As per CCA notification Video verification in Class 2 digital signature has been extended for two months so now we can apply class 2 digital signature without video from 1st of March. Author- Adv. Umang Agarwal

Taxpayers can now apply for Cancellation of Voluntary Registration under GST

 Feature for applying cancellation of voluntary registration, before one year has been provided on the GST portal 

Taxpayers can now apply for Cancellation of Voluntary Registration under GST Earlier taxpayers who were voluntarily registered were required to wait for one year before they could surrender their registration. the rule has now been amended allowing for the surrender of voluntary registration before one year. Feature for applying cancellation of voluntary registration, before one year has […]

Consequences of Non-Filing of the Income Tax Return

Consequences of Non-Filing of the Income Tax Return

Consequences of Non-Filing of the Income Tax Return 31st March’ 2018: The last date for Income Tax return u/s 139(4) for Financial Year 2015-2016 & 2016-2017. Many people have a query that what will happen if we do not file the Income Tax Return by the aforementioned deadline. There are many benefits of filing the […]

Filing of GSTR-3B is now more User friendly today changes

Filing of GSTR-3B is now more User friendly today changes

Filing of GSTR-3B is now more User friendly today changes Fill either CGST or SGST /UGST amount, other tax will get auto-filled. You can now save the form by confirming details filled in the table.you Can fill balance details later. Preview form or download it for cross verifying saved details in any table (s) anytime. […]

GST Council started raise notice to GST Return Defaulters

GST Council started raise notice to GST Return Defaulters

GST Council started raise notice to GST Return Defaulters GST Department across the country has started sending notices to Taxpayers who have not filed their Gst Return within the time limit allowed by GST Department. In such notices department has demanded taxes, Interest, and Penalty from non-filers. Its the irony that even those taxpayers who […]

Protect your Income Tax department e-filling account

Protect your Income Tax department e-filling account

Protect your Income Tax department e-filling account Your e-filling account is your getaway to the income tax department and has your personal financial information. You must ensure that it is safeguarded with a strong password and advanced two-factor authentication using Aadhar OTP and other options to log in or to reset a password. Author- Adv. Umang […]

Value of supply under Goods And Services for Businessman

Value of supply under Goods And Services for Businessman

Value of supply under Goods And Services for Businessman Transaction value when the price is sole consideration and supplier and recipient are not related is the basis of valuation. IGST, CGST, UTGST and SGST charged on supply will not be includible in value, but other taxes, if any will be includible. GST is payable on outward freight […]

Reverse and forward charge under Goods and Service Tax

Reverse and forward charge under Goods and Service Tax

Reverse and forward charge under Goods and Service Tax Tax is payable by the supplier of goods or services or both. however, in some cases, the recipient is made liable to pay tax. this is termed as a reverse charge. When tax is payable under reverse charge basis, the exemption available to a small taxable […]

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