Goal of PTEC and PTRC registration in Maharashtra is to impose professional tax on individuals earning income from their profession or employment. Professionals like lawyers, teachers, doctors, and chartered accountants need to pay this tax. For salaried individuals, the employer deducts the professional tax from their salary and submits it to the state government. Those …
In this Blog we shall see about government’s mandate on PTEC Compulsory for GST registration in Maharashtra. Professional tax is a tax imposed at the state level on individuals involved in various professions, trades, and employments. Its administration is overseen by the respective state governments, with the Maharashtra Profession Tax Department handling this tax in …
Is PTEC Compulsory for GST Registration in Maharashtra? Read More »
To File Revised Return can be challenging for many taxpayers. Even if they are careful, mistakes may happen, like forgetting to report an income or missing the filing deadline. Sometimes, in a rush to meet the deadline, people may submit returns with incorrect details. If you have made mistakes in your tax filing, File Revised …
The “Return of Income” is basically a document where taxpayers share details about how much money they made and how much tax they owe. For filing Income Tax returns, the deadline is usually July 31 of the applicable assessment year. But if you miss that deadline, don’t worry—you still get a second chance by filing …
Form GST ASMT 10 is notice sent by the GST officer to a taxpayer. The purpose of this notice is to tell the taxpayer that there are some mistakes or differences in the information they provided in their GST returns. The GST authority wants the taxpayer to explain why these differences exist. The notice in …
GST Department Audit Notice is issued by GST Department to registered taxpayer in order to examining a taxable person’s records, returns, and other documentation. The goal of GST Department Audit Notice is to ensure that the turnover is declared, taxes paid, refunds claimed, and input tax credits claimed are valid, as well as to check …
India’s economy relies significantly on small and medium-sized enterprises (MSMEs). MSME Registration for Private Limited Company empower them and contribute to social justice by creating job opportunities. The contribution of MSME Register Company to India’s economic growth is outlined in the Micro, Small, and Medium Enterprises Development Act 2006. These businesses are essential for the …
LEI Registration is a 20-symbol code essential for identifying entities in the global financial system. Legal entities involved in securities trading, as per MiFID II and the Reserve Bank of India (RBI), must have an LEI Registration Companies operating in jurisdictions requiring LEI Registration must obtain one to participate in the financial market. The RBI …
In India, if organizations want to get donations from other foreign countries, they have to follow strict rules in the Foreign Contribution Regulation Act (FCRA). They also have to register and get approval from the Ministry of Home Affairs (MHA) beforehand. According to Section 6(1) of the 2010 FCRA, charitable trusts, societies, and Section 8 …
GST Annual Return FY 2022-23 is a mandatory filing by eligible registered individuals, excluding specific categories. GST Annual Return FY 2022-23 consolidates all transactions reported in periodic returns throughout the year. It encompasses adjustments made to previous year transactions after year-end, serving as the final opportunity for the assesse to disclose all relevant filing period …
