The government does not impose a fee for GST registration. However, if you get your registration processes done by a third party, such as a Chartered Accountant, they may charge a fee for their services, which may vary depending on the size and type of your business. Tax Laws Before GST ...
2. When creating the product, you will come across "Is TDS applicable" option. Choose the Yes option. 3. Once you have enabled the TDS option, choose the nature of income payment. 4. Next, fill in the fields in the product's accounting and inventory tab. ...
As is apparent from the above article, you have to pay TDS on FD interest income. If you are eligible for waivers on FD TDS, ensure that you submit the relevant 15G/H form at the beginning of your FD tenure. In doing so, the bank will not levy any tax on your interest income. I...
in India. We have a page explainingHow different types of water purifiers workand how good each type of water purifier is in purifying water. In our opinion the best water purifier to buy in India for home use is the RO water purifier. See our page onWhy RO is the best water purifier...
How does Letter of Credit work? How does STP units work in India? How does TT (Telegraphic Transfer) work? Transferability of Bill of Lading Transhipment - A redefinition Travelers to India under import duty exemption, Frequently Asked Questions Part 2 ...
‘TDS does not apply to the transactions involving the sale of immovable property that is of value less than Rs. 50 lakhs. For transactions beyond the aforesaid limit, the TDS has to be deducted from the entire value of the transaction. For example, if the property costs Rs. 52 lakhs the...
TDS Deductor 10th Day of the Next Month TCS Collector 10th Day of the Next Month Interest on Late Payment of GST Late payment of GST attracts interest charges as per the provisions of the GST law. Here’s a detailed look at how it works: 1. Interest Rate for Late Payment 18% Per ...
TDS under GST, Frequently Asked Questions Does Interest attract on GST Tax payment delay? Step by step procedure to login with GST common portal in India Mechanism of Payment of GST tax in India Levy of late fee for GST Tax returns filing in India ...
A few people think that when TDS is deducted from FD or savings accounts, then they do not need to mention it in ITR. However, this is not true and it brings a difference in the income tax rate. Therefore, you must furnish complete details of interest while filing the returns. Income ...
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