Procedure for Registration u/s 12A

NGO’s can seek registration u/s 12A to claim exemption under Income Tax Act’ 1961, if certain conditions are satisfied. Thus, NGO’s shall get themselves registered for claiming exemptions under the Income Tax Act. Below is step by step procedure for registration u/s 12A: An application for 12A registration is made in Form 10A along with…

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Step by Step Procedure for Registration under GST

Registrations for GST can be done online through a portal (https://www.gst.gov.in/) maintained by the Central Government or State Government.The applicant will have to submit an online application for GST registration along with requisite documents. Below is the step by step procedure to register under GST: Go to GST portal. Click on Register Now under Taxpayers….

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BENEFIT OF FILING THE INCOME TAX RETURN

Income Tax Return is kind of declaration made by the assessee to the government in which an assessee declares the income earned by him from the various sources such as Income from salary, Income from house property, Income from business and profession, Income capital gain and Income from other sources. Many people consider it as…

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Who is liable for GST Registration?

  India is still facing early days challenges of GST. Many taxpayers are still confused with GST registration requirement. Here, we have covered who is liable for GST Registration. Aggregate Turnover Criteria Any supplier of goods and/or services who makes a taxable supply with an aggregate turnover of over Rs.20 lakhs in a financial year…

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