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The Income Tax Department (ITD) sends the notices for various reasons such as not filing the income tax returns (ITR), any defect while filing the returns (ITR), or other instances where the tax department is requiring any additional documents or information.
Under Goods and Services Tax (GST), businesses whose turnover exceeds the threshold limit of Rs.40 lakh or Rs.20 lakh or Rs.10 lakh as the case may be, must register as a normal taxable person. It is called GST registration.
All GST Registered business have to file monthly or quarterly GST returns and an annual GST return based on the type of business. These GSTR filings are done online on the GST portal
GST Notice under the Goods and Services Tax (GST) law are a medium used by tax authorities to communicate to taxpayers. GST notices are usually sent as a word of caution for any defaults noticed by authorities specifically in GST compliance, or to collect more information from taxpayers
It is a summary of e-TDS/TCS returns which contains control totals of 'amount paid' and 'income tax deducted at source'. The control totals of 'amount paid' and 'income tax deducted at source' are mentioned on Form No. 27A should match with the corresponding control totals in e-TDS/TCS return
A Permanent Account Number or PAN is a means of identifying various taxpayers in the country. PAN is a 10-digit unique identification alphanumeric number
Udyam Registration is an identification number along with a certificate that is issued to businesses who want to get registered as a “Micro, Small and Medium” (MSME) enterprise. This certificate acts as recognition for MSMEs. Further, businesses are classified into the right category, such as Micro, Small or Medium, based on the investment and turnover of the business.
Form 15CA is a declaration of the remitter and is used as a tool for collecting information in respect of payments which are chargeable to tax in the hands of recipient non-resident. ... This copy is required to be given to the Bank as proof of tax clearance from the tax department. 15CB is the Tax Determination Certificate where the CA examines the remittance with regard to changeability provisions under Section 5 and 9 of the Income Tax Act along with the provisions of Double Tax Avoidance Agreements
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