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Time to do your firms GST Planning
With the introduction of GST in India, it has become important for businesses to plan their taxes in order to maximize their savings. GST tax planning is a process of analyzing and understanding the various aspects of GST and its implications on businesses. It involves understanding the different types of taxes applicable, filing returns on…
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All about GSTR 9
Filing GSTR 9 return is an important part of the GST compliance process. It is a yearly return that needs to be filed by all registered taxpayers under the Goods and Services Tax (GST) regime. The GSTR 9 filing process requires taxpayers to provide details of their sales, purchases, input tax credit, and other relevant…
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Form24
Every year we encounter difficulties while calculating tax for the salaried staff of our organization. With our experience of over 18 years and having been associated with most of the departments of Goa Government, this year we have put together format of Form 24. As there are two tax regimes, calculation of tax under each…
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Want to register GST in Goa? Check the list of exempted services before you proceed.
Any person who carries out any type of business, at any place in India can register under the GST act. This applies for firms looking for GST registration in Goa too. However it is mandatory for the firms who’s turnover exceeds certain limits set by the government
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Last date to file Income Tax return for AY 22-23
31 December 2022, is the last day to file the belated and revised income tax returns (ITRs) for FY 2021-22 (AY 2022-23). Under income tax laws, an individual who has missed the last date to file an original income tax return can file a belated ITR.
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Thinking of buying property? Read this
According to the Income Tax Act, if you are buying immovable property other than agricultural land, and amount to be paid is more than Rs.50 lakh, then you have to deduct 1% TDS
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While Accepting Gift Items …………..
While filing the income tax return, some amount was found deposited in Dinesh’s bank account. After questioning him, he said that he had received a gift from his mother’s uncle. The mother asked her uncle to directly transfer her gifted money into her son’s bank account, who deposited the money in Dinesh’s bank account. However,…
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Want to file a tax return? New tax regime or old tax regime? Then read this.
This year, all the income taxpayers are facing the same question while filing their returns, is it the new tax regime or the old tax regime? Since last year, Finance Minister Nirmala Sitharaman mentioned this in her budget speech and implemented a new tax system. It has been a year since the new tax system…




