Taxation

A Comprehensive Look at Form MGT-7: The Annual Return Filing Process

MGT-7 – Annual Return under the Companies Act Filing an annual return is a crucial compliance requirement for every company registered under the Companies Act, 2013 or the Companies Act, 1956. This article provides an in-depth overview of Form MGT-7, the Annual Return, its filing procedure, penalties for non-compliance, and essential details to help you […]

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Essential Information About Late Fees for GST Return Filing :

Understanding GST Return Filing Late Fees In India, the Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services. Once a taxpayer successfully registers on the GST portal, they are obligated to file periodic GST returns online. These returns detail a company’s business activities, tax liabilities, and

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Tax Benefits for Homeowners: Exploring Deductions and Exemptions for Residential Properties

In this blog post, we delve into the tax benefits that homeowners in India can take advantage of, such as deductions on home loan interest and exemptions on house rent allowance. Explore ways to optimize your tax savings and make the most of your investment in residential properties.

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Faceless Assessment: The Future of Taxation in India

In recent years, the Government of India has been taking significant steps towards digitization and automation of various processes. One such remarkable initiative is the introduction of faceless assessment, a groundbreaking system aimed at enhancing transparency, efficiency, and fairness in tax assessments. This article provides a comprehensive overview of faceless assessment in the Indian context, highlighting its benefits, key features, and implications for taxpayers.

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