Understanding Professional Tax in Odisha: A Comprehensive Guide
Understanding Professional Tax in Odisha: A Comprehensive Guide Recent Update: Numerous businesses registered under GST in Odisha are receiving show cause notices from the Department in Form XV due to non-payment or non-registration under the professional tax. To gain comprehensive knowledge about the applicable professional tax, please refer to the article provided below. Professional tax is a form of direct taxation imposed by state governments throughout India. As a state-specific tax, the rules pertaining to its collection, payment, and [...]
6 Tips To Keep Your Business Safe from Special All-India Drive against fake GST registrations
Six Ways To Keep Your Business Safe from Special All-India Drive against fake GST registrations Starting on 16th May 2023, the GST Department will initiate a unique nationwide campaign targeting counterfeit GST registrations. As per the official notification from the Central Board of Indirect Taxes & Customs (CBIC), a Special All-India Drive will be launched by both Central and State tax administrations from May 16, 2023, to July 15, 2023. The objective of this drive is to identify suspicious/fake [...]
ITR 1 SAHAJ: Who Should File & How It Works
ITR-1 SAHAJ form explained — who should file, income eligibility conditions, salary and house property income reporting, deductions allowed, and how to file ITR-1 online on the income tax portal.
10 Ways To Save Income Tax In 2020
10 practical ways to save income tax in India in 2020. Covers deductions under Section 80C, 80D, HRA exemption, home loan benefits, NPS contributions, and other legal tax-saving strategies for salaried and self-employed individuals.
6 Reasons to file your income tax returns on time
6 important reasons to file your income tax returns on time in India. Covers avoiding penalties, carrying forward losses, loan applications, visa processing, refund claims, and maintaining a clean tax compliance record.
Should you file your Income Tax Returns ?
Should you file your income tax return even if not mandatory? Covers who is required to file, benefits of voluntary filing, refund claims, carry-forward of losses, and how ITR filing helps with loans and visas.