Debt is a common part of modern financial life, whether it be for purchasing a home, funding education, or covering unexpected expenses. However, agreeing without
Doing the books of accounts for an e-commerce seller is different from maintaining traditional books of accounts. It gets further complicated if the e-commerce seller
Mandatory Registration under GST for Ebay Sellers Ebay is an e-commerce company registered outside India. It doesn’t have any place of business in India. But
Ebay Commission Charges For each fulfilled order Ebay charges commission from sellers. Now question arises whether GST under RCM is payable on such a commission
An Income Tax Return (ITR) is a form that enables the taxpayer to declare his income, expenses, tax deductions, investment, and taxes. There are a
In 2024, the UAE made significant changes to its corporate tax landscape, ushering in a new era of taxation for businesses operating in the region.
Who is considered as e-commerce operator? CGST act defines electronic commerce as – ” Electronic Commerce means the supply of goods or services or both,
Agent is defined in CGST act as “agent” means a person, including a factor, broker, commission agent, arhatia, del credere agent, an auctioneer or any
GSTR-2B is introduced on GST portal only some days back. At first, GSTR-2A and GSTR-2B seems to be same. But they are different in some
What is a dropshipping business? Dropshipping is a business in which the seller sells the goods which he does not own at time of selling
Introduction Government is considered as a “person” under the GST act. Therefore, any supply of goods or services by or to government is subject to
In case of death of sole proprietor and business is continued by any person being transferee or successor, the input tax credit which remains un-utilized
Any person (other than individual or huf who is not liable to audit under section 44AB who is responsible for paying to a resident Fees for
New penalty for late filing of Income Tax Return under section 234F is introduced in Budget 2017. Although this penalty is applicable only for income
Long term capital gain means capital gain arising from transfer of long term capital asset. Indexation benefit is available for long term capital gains. Long
The following conditions should be satisfied for claiming deduction under section 80D. Assessee should be individual or HUF (whether resident or non-resident) Payment is made
TDS Payment Due Date Month Due Date April 7th May May 7th June June 7th July July 7th August August 7th September September 7th October
If you are making payment to Google Ads or Facebook for advertisement then you are required to deduct TDS under section 194C of income tax