Introduction to GST Clearance Certificate A GST Clearance Certificate is a crucial document issued by the Goods and Services Tax (GST) authorities to certify that a business has met all its tax obligations and has no pending liabilities under the GST regime. It serves as proof of compliance and is often required for various business…
1. Introduction to 12A and 80G Registration Non-profit organizations play a crucial role in societal development by addressing various social, economic, and environmental issues. To support such organizations and incentivize donations, the Indian government has introduced provisions like Sections 12A and 80G under the Income Tax Act, 1961. These sections provide tax benefits to donors…
GST Applicable on Rent: Understanding the Tax Implications In India, the Goods and Services Tax (GST) has simplified the taxation system. However, many individuals and businesses still have queries regarding its application on rent. This comprehensive guide aims to provide clarity on GST implications for rent payments, along with FAQs to address common concerns. Introduction…
GST for Sole Proprietorship: Understanding Taxation for Single-Owned Businesses Introduction to GST for Sole Proprietorship Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. It has replaced many indirect taxes that were previously imposed by the Central and State governments. GST has simplified the taxation…
How to File Nil TDS Return: A Comprehensive Guide Are you wondering about filing a Nil TDS return? Read on to discover the step-by-step process and FAQs answered! Introduction to Nil TDS Return When you are liable to deduct tax at source (TDS) but have not made any payments subject to TDS during a specific…