Taxability of Alimony

Meaning of Alimony Any sum of money (recurring or lump sum) received from spouse after legal separation or divorce for the purpose of maintenance of spouse or child. Taxability in hand of the recipient There is no specific provision which governs the …

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GST on Pure Agents

Who is a Pure Agent? In GST act, an agent is a person including a factor, broker, commission agent, arhatia, del credere agent, an auctioneer or any other mercantile agent, by whatever name called, who carries on the business of supply or …

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Documents Needed For ITR

Our actions today will help us in future situations.  Taking the necessary steps and precautions now can help you when tax season rolls around.  By keeping all the details and documents required when filing taxes, the stress arising from filing your tax …

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How to Surrender your GSTIN

A new functionality has been introduced on the GST portal for the surrendering of GST Registration. If you want to cancel your GST registration, follow below steps: – Step 1: Login into your account on GST.GOV.IN Step 2 : Go to Services …

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Professional Tax in India

Professional Tax is a state level tax levied by State Governments. It is applied to individuals, who is earning by way of salary income or practicing a profession such as CA, CS, lawyer, doctor, architect, engineer etc. Currently, this tax is applicable …

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GST Practitioner

CGST Act contains the provisions regarding appointment of GST Tax Practitioner (GSTP). GSTP is a person who is authorized by the GST Department for performing certain functions on behalf of the registered persons under GST. Although any person can perform GST functions …

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