The Goods and Services Tax (GST) has basically modified the way companies operate in India, inclusive of small corporations in Chennai. While complying with GST rules may also appear complex, it is essential for groups to ensure accurate and timely filing ...
Easy Guide to Verifying Your Income Tax Return
Online ITR Verification Online ITR Verification is a crucial component in the ITR submitting procedure. Failure to comply with this requirement within a period of 30 days from the ITR submission date will result in the income tax department rejecting you ...
Simplified Guide to Income Tax Returns for Salaried Individuals
Filing income tax returns is an important financial responsibility for salaried employees. As per the Income Tax Act, 1961, ITR filing is mandatory wherein a taxpayer reports his total income in a financial year and net tax liability and claims tax deduct ...
Some Major Differences Between LLP & Partnership Firms
In this blog, let us examine the primary distinction between limited liability partnership(LLP) and partnership firms , which will help you evaluate the appropriateness of each structure for your company in terms of ownership, management, liability, and e ...
How to check income tax refund status?
Filing Income Tax Return (ITR) is an annual obligation for taxpayers, and for many, a welcome outcome is the anticipation of an income tax refund. Generally, ITR refunds get credited to the connected account automatically, but sometimes, they get delayed. ...
Types of Business Structures in India
In this blog Let's make an effort to have an understanding of the different kinds of business structures that are accessible in India: Proprietorship Firm A proprietorship firm can be established and managed by a single person. Only one person runs the ...
Understanding GST Registration Threshold Limits for Goods and Services
India implemented an all-encompassing indirect tax, the Goods and Services Tax (GST), on July 1, 2017. It included all of the state and federal indirect taxes. The minimum annual revenue that a company must have in order to be required to register for GST ...
Explore the Benefits of Filing Your Income Tax Return
Recently, the Government has introduced an 'Annual Information Statement' that summarizes all financial transactions, including bank interest, share market transactions, and real estate transactions, in a single document. This statement captures all trans ...
Why is Conducting Audits Crucial for Your Business’s Success?
If you operate a company, you're likely always looking for new methods to boost the revenue coming into your company. However, have you ever given any thought to the benefits of auditing? It might not seem like the most interesting issue, but believe us ...
Things To Keep In Mind Before Registering a Company In Chennai
Private limited businesses and public limited corporations are both legal business structures that can be registered in India. There is also the possibility of registering them as limited liability partnerships or sole proprietorships. Creating a private ...