MSME SERVICE TAX WOES

The MSME in India is a harried lot.  First, it was the economic recession, and then came the biggest threat of all – the Covid-19 first wave.  It raged on for months and then when things started looking up a bit, then came the second Covid-19 wave.  It...

HOW TO MAKE TDS PAYMENT ONLINE?

TDS Online payment has to be made through specified banks like SBI, ICICI etc. The type of payment has to be specified with sections. For eg: Section 192: Payment of SalarySection 194A: Interest (Other thab Interest on Securities)Section 193: Interest on...

WHAT IS PROFESSIONAL TAX REGISTRATION

Profession Tax (PT) is a tax levied by the respective State Government in India. In Karnataka, Profession Tax has to be paid by everyone following a Profession or is engaged in any business or holds employment in public or private as specified in the Schedule to the...

When & HOW TO FILE INCOME TAX RETURN?

The Government of India mandates that the individuals and business of all types file income tax returns as per the specification stipulated.  The various dates are here below: How to file:  First and foremost let us understand what income tax is.  Income tax is a...