GST Compliance for revenue from online advertising
GST Compliance for revenue from online advertising Online earning has become the talk of the trading town, earning from web pages, blogs and earning through google Adsense has gained much importance in virtual world. To obtain understanding of GST on online advertising and majorly its GST compliances for earnings from online advertising, first whether these services constitute supply under GST should be understood. Earning from a blog constitutes 3 parties First - Website owners, bloggers, webpage owners Second – [...]
Save Tax By Avoiding Cash Transactions
Limits on Cash Transactions Every single day we are taking a step towards a more digital future when it comes to business transactions, cash transactions used to be an inevitable part of the story. But since demonetization government has been pushing cashless transactions so hard that finally, we are seeing our life getting more and more cashless. But still, there are cases where businesses indulge in cash transactions, here are few reasons why going digital can keep your [...]
7 Ways To Save Tax In 2018
7 Ways To Save Tax In 2018 The Income-tax Act 1961 has many provisions under which an assessed can save or plan their taxes accordingly. This blog post aims to give you an overview of such common provisions which can help reduce your tax liability at the end of your financial year. 1. Section 80C Series (80C, 80CCC, 80CCD) Maximum Deduction Limit: 1,50,000 INR Eligibility Criteria: Amount spent during the financial year Section 80C is a [...]
Tax Slab For AY 2018-19
Income Tax Slab For Assessment Year 2018-19 and Financial year 2017-18 Individuals Less Than 60 Years Old INR 0 to INR 2,50,000 NIL INR 2,50,001 to INR 5,00,000 5% INR 5,00,001 to INR 10,00,000 20% INR 10,00,001 and Above 30% 60 to 80 Years Old INR 0 to INR 3,00,000 NIL INR 3,00,001 to INR 5,00,000 5% INR 5,00,001 to INR 10,00,000 20% INR 10,00,001 and Above 30% Above 80 Years old INR 0 to INR 5,00,000 NIL [...]
Tax Slab For AY 2019-20
Tax Slab For Assessment Year 2019-20 and Finacial Year 2018-19 Individuals Less Than 60 Years Old INR 0 to INR 2,50,000 NIL INR 2,50,001 to INR 5,00,000 5% INR 5,00,001 to INR 10,00,000 20% INR 10,00,001 and Above 30% 60 to 80 Years Old INR 0 to INR 3,00,000 NIL INR 3,00,001 to INR 5,00,000 5% INR 5,00,001 to INR 10,00,000 20% INR 10,00,001 and Above 30% Above 80 Years old INR 0 to INR 5,00,000 NIL INR [...]
All About Angel Tax
All About Angel Tax In a startup scenario, one of the major hurdles faced by the entrepreneurs are capitals issues, many startup models have longer breakeven periods, making their sustainability tougher when bootstrapped. This is why startups in today’s world take funding as the milestone of growth and scalability. But our Fiscal laws have very stringent rules for un-regularized capital flows, and they try to trap in all such transactions. The Income-tax Act 1956, under Income from Other [...]