Hey, how do you know your residential status? For the purpose of Income-tax Law, an individual may have any one of the following residential status: (1) Resident and ordinarily resident in India (2) Resident but not ordinarily resident in India (3) Non-resident
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NRI Taxation: Tax Provisions for Non Residents
World is a global village now. Do you need to be limited to territorial borders to make money? Absolutely not! Non residents or not, doesn’t matter. Go, travel, and earn wherever you feel best. But, just take care of tax implications thereon. You neglect it, and you can be engulfed with penalties and interests.
Tax evasion via Bitcoin: How Bitcoin helps in tax evasion?
Disclaimer: This write up is only for the purpose of knowledge and doesn’t encourage tax evasion via Bitcoin. “Bitcoins ko taxable karne ka intezaar toh kai mulkon ki govt kar rahi hai, magar ise tax karna mushkil hi nahin,…ahem ahem….”
Changes in GST that will impact your business : Complete Guide
Changes in GST that will impact your business In a major overhaul under the GST, there are changes in GST that will impact your business. It’s important for you to remain updated with them so that you don’t do lose out anything or do any wrong for your business as well as customers.
GST Offences: Penalty Amount for Different Types of Offence
As a business person, you must be aware of the consequences, if you don’t comply with laws. Penalties for different GST Offences have been listed down in section 122 of the GST Act. The amount of penalty varies according to the type and severity of offence. Let’s take a look at different offences and penalties […]
Imprisonment under GST: Offences That May Land You in Jail
If you think you can collect GST without paying to the government for three months, and no one will say anything to you, you are wrong, absolutely wrong. In fact, you may end up being behind the bars.
Is investment in Blockchain or Bitcoin safe?
Blockchain is the future of finance. Blockchain is a revolution. Blockchain will disrupt the industries and sectors. Wow, awesome! But, what is it that is causing such crazy hype?! Is investment in Blockchain or Bitcoin safe? Let’s understand the basic terms first.
All about GSTR 3B, the shock absorber for GST regime
GST was introduced on July 1. But were people ready to file returns? It takes time to adapt to any sudden change. But, progress should be there. Right? This Form GSTR 3B is a shock absorber towards the sudden change GST brought in.
How To Claim GST Input Credit : Conditions To Be Satisfied
What Is GST Input Credit? First of all, let us know what is GST Input Credit. Well, GST Input credit is nothing but a balance of the amount of tax you paid at the time of purchasing goods that is kept safe until you pay your tax for your output. Now, when you pay your […]
Complete Guide : Will I Get The GST Input Credit Or Not?
Complete Guide : Will I Get The GST Input Credit Or Not? GST has been welcomed with all the pomp and show, and deservingly so. It has inherent advantages. We all know that amount paid as GST on purchases or even expenses can be claimed as GST input credit. This was not possible in the […]