TDS Return Filing in India

 What is GST Portal? GST portal is that the government's official website hosted at https://www.gst.gov.in/. All the acquiescence activities of Goods and Services Tax can be done on the website after login into the GST Portal. In this portal, the user can do online GST registration, return filing, Payments, refund application, registration cancellation, and various GST-related processes to the taxpayer. Taxpayers can also conduct all communications regarding GST through this portal without visiting the tax offices. Not only can the taxpayers check for updates regarding the approval/cancellation of applications and their tax submission status but also can receive an intimation about the govt notices and are allowed to respond back to them. GST Login may be a compact, automated facility that empowers taxpayers to file taxes on their own without professional help. How to register on GST Portal? You will need to visit the GST official website then click on ‘GST Practitioners’ click on...

 “If you have been following the financial news closely, you would already be aware that the due dates for Filing of Annual GST Returns have been deferred thrice – once from December 2018 to March 2019 then from March 2019 to 30 th June 2019 and again from 30th June 2019 to 31st August 2019. 31 st August 2019 goes to be a key date for taxpayers as this is often the Judgment Day not just for filing GST returns but also to submit their GST Audit report. The latter may be a key document because it may be a reconciliation of the File GST Return Online with a taxpayer’s Financial Statements. The audit needs to be done for each & every taxpayer whose turnover is more than 2 crores. There are a couple of key aspects that taxpayers should bear in mind while filing these two documents. Let’s start from the very basics here- GSTR-9 form is an annual return to be filed once during a year by the registered taxpayers under GST. It consists of details regarding the supplies made and receiv...

 Companies including Private limited company, Limited Liability Company, One Person Company, and Section 8 companies registered in India are required to file an annual return every year with MCA. The main aim of filing annual returns for company is to verify that the corporate remains active within the market or in business/trading or the business will commence in the near future. If a company has not been filed its Annual Return with MCA for three consecutive fiscal years, then the director of that company can be disqualified under the Companies Act, 2013 and also leads to various penalties and punishments. It is a must that company should acquit an Annual General Meeting at the end of every fiscal year, before Income Tax Return Filing . The Annual General Meeting of the newly integrated Companies should be held within 18 months from the date of incorporation. The financial year starts on April 1st and it ends on 31st March. Subsequent AGM shall be held at the earliest of followin...

 TDS or Tax Deducted at Source may be a source of collecting tax by the govt of India and it's done at the time of each transaction. This type of tax is typically deducted at the time when expense is incurred. What is TDS Return? Besides depositing the tax, the deductor must also do TDS Return Filing in India . It is a quarterly statement which has got to tend to the I-T department and it's mandatory for deductors to present or submit a TDS return at the expected time. Here are details needed to file TDS returns are: PAN of the deductor and the deductee Tax amount paid to the government Information of TDS challan Others, if any Who is required to deduct TDS? There is no got to deduct TDS if the expense is incurred a private or HUF whose books aren't susceptible to be audited. But, if the rental payments of an Individual / HUF exceeds Rs.50,000/- per month, they are required to deduct TDS. If the deductee doesn't own a PAN, TDS are often deducted at a better rate of 20%....