Annu Singh

Section 44AD – Presumptive Taxation for small businesses
Section 44AD – Presumptive Taxation for small businesses.This is special scheme for small businesses. They can pay tax easily with simplified return. No […]

Presumptive Taxation for small professionals – Section 44ADA
SPECIAL PROVISION FOR COMPUTING PROFITS AND GAINS OF PROFESSION
Applicability
Section 44ADA shall apply if all the following conditions are […]

Composition Scheme (Section-10 of CGST Act, 2017)

Every tax system requires compliances with statutory provisions in a time-bound manner such as periodic tax payments, filing of returns, maintenance of […]

GSTR-4
Form GSTR-4 (Annual Return) is a yearly return to be filed by taxpayers opting for composition scheme on an annual basis. Unlike a normal taxpayer who needs to furnish three monthly returns, a dealer […]

Online Information Database Access And Retrieval: OIDAR
OIDAR Services are a category of services whose Delivery is mediated through the internet & its supply is essentially automated involving minimum or zero […]

Input Service Distributor (ISD)
Definition –
As per Section 2(61) of CGST Act,2017, Input Service Distributor means an office of the supplier of goods or services or both which receives tax invoices issued […]

Non-Resident Taxable Person (NRTP) (Section 2(77) Of CGST ACT)
“Non-resident taxable person” means any person who

➢ Occasionally undertakes transactions
➢ Involving the supply of goods or services or both
➢ […]

GSTR-3B: FAQ
Table Summary Details of GSTR-3B
3.1 Details of Outward Supplies and inward supplies liable to reverse charge

Nature of Supplies
Taxable
Value
Integrated
Tax
CGST
CGST

(a) […]

Casual Taxable Person (CTP) (Section 2(20) of CGST Act)
Casual Taxable person means a person who

 Occasionally undertakes transaction involving the supply of goods or services or both
 In the course or f […]

What is a Udyog Aadhar?
Udyog Adhar is the registration number under MSME. In the last couple of weeks, many benefits are offered for MSME. You need to register under Udyog Aadhar. Only then you will be eligible […]

What is TDS on Rent u/s 194I?

This section is applicable to any person who is responsible for the payment of rent. He is liable to deduct and deposit the TDS on Rent. However, an individual or a HUF who is […]

What is the ITR 4 Sugam Form?
ITR stands for Income Tax Return and ITR 4 Sugam Form is for the taxpayers who are filing return under the presumptive income scheme in Section 44AD, Section 44ADA and Section 44AE […]

 All you need to know about ITR 1for FY 19-20 also called ITR Sahaj
It is time to file the ITR of the current AY. Forms are available on the income tax website. In this article, we have covered the ITR 1 for FY […]

Question-Answer for New Return Of GST
1. Who are liable to file RET-01 monthly?
Large taxpayers (i.e. with turnover > Rs 5 crore in the preceding F.Y.) will have to file this return monthly.
2. Who are liable […]

VIVAD SE VISHWAS SCHEME
The bill is aimed at resolving Direct Tax-related disputes in a speedy manner.

Question-1: – Who can avail of the benefit under this scheme?
Answer: -A taxpayer can avail the benefit […]