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Private limited Company – Eligibility, Registration and Related Provisions.

Taxgoal is a reputed CA expert service provider in Delhi, which guides you through out your business incorporation process till it becomes an entity to start its business legally. Our dedicated team of experts provide you online company registration services in Delhi and takes in the complete process of your business registration, saving you from complications and delays experienced in the filing process.

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Section 80: Reducing your tax levy with available deductions

As the tax filing season slips in, every taxpayer shell out to look for all possible ways to reduce his tax levy. Out of the minimum tax slab exemption, the short deviations provided by the government in the form of deductions under multiple tax sections also work in reducing the taxable income to a great extent.

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Highlights of the Budget 2019 – TaxGoal

Striving to make a last push to its targeted vote bank, the NDA government presented its Final Union budget for 2019-20 in the Lok Sabha Session held on 1st February 2019. Led by the Interim Finance Minister Piyush Goyal, Budget 2019 considered all in round expectations of all sectors from Agriculture to tax to defense to Infrastructure and provided major reliefs & benefits to the middle class and the unorganized sector

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Reverse Charge Mechanism (RCM) under GST

What is Reverse Charge Mechanism? Mr. A is a small trader of goods in Delhi having turnover below 20 Lakhs and purchases goods from a supplier who is not registered under GST, does he require to take GST registration under Reverse Charge Mechanism (RCM) in Delhi?

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Due Date for Filing of income Tax return for A.Y. 2018-19 (F.Y. 2017-18) extended to 31st August 2018 by the Government.

31st July 2018 is the due date for filing of Income Tax Return for Individuals, Hindu Undivided Family (HUF), Association of Persons (AOP), Body of Individuals (BOI) and Non Audit Assessees.

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What is the Concept of Input Service Distributor (ISD) under GST ?

Concept of ISD is a facility made available to business having a large share of common expenditure and billing/payment is done from a centralized location. The mechanism is meant to simplify the credit taking process for entities and the facility is meant to strengthen the seamless flow of credit under GST.

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Penalty for delayed or non filing of Income Tax Return (Sec 234F)

Fees for default in furnishing return of income from Assessment Year 2018-19 and onwards

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Items on which Input tax credit is not allowed under GST Regime (Section 17(5))

Input Tax Credit (ITC) of GST paid on almost all inward supplies of goods and services is allowed under GST except for a some of items listed in Section 17(5)

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What is an E-Way Bill? In which States E-Way Bill is Mandatory?

E-Way Bill is an electronic way bill for movement of goods which can be generated on the eWay Bill Portal. Transport of goods of more than Rs. 50,000 (Single Invoice/bill/delivery challan) in value in a vehicle cannot be made by a registered person without an eway bill.

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