Types of Income Tax ITR Forms and Their Applicability

2020-08-28T20:29:58+05:30August 28th, 2020|Income Tax|

Types of ITR Forms and Their Applicability​ Everybody i.e. Individual, Hindu undivided family(HUF), partnership firms, LLP, trusts and companies are required to file income tax returns. Every individual whose total income is more than Rs. 2, 50,000 per year should file their returns. [...]

Taxation for Presumptive Income for Professionals Under Section 44ADA

2020-08-28T20:03:49+05:30August 28th, 2020|Income Tax|

Taxation for Presumptive Income Under Section 44ADA Professionals such as doctors, engineers, lawyers, interior designers and even chartered accountants who are self employed have to file their returns. Returns of professionals involve a balance sheet, profit & loss account and a capital account. [...]

Taxation for Presumptive Income Under Section 44AD Explained

2020-08-28T19:55:20+05:30August 19th, 2020|Income Tax|

Taxation for Presumptive Income Under Section 44AD Request a Call Back  Introduction Income tax return filing is one of the important business compliance that every businessman is expected to perform. Business owners are expected to file their income tax return on yearly basis. A business tax [...]

Issues reported in filing Form GSTR 9/9C by the taxpayers: Steps to be taken

2019-06-15T11:11:54+05:30June 15th, 2019|GST Return|

A normal taxpayer is required to file Form GSTR 9/9C  for financial year 2017-18, which is required to be filed by them on GST Portal latest by 30th June 2019.  Taxpayers have reported some issues in filing their Form GSTR 9/9C, which [...]

Error! You are not authorized to access GSTR1 for this return period

2019-01-31T18:42:52+05:30January 31st, 2019|GST Return|

Error! You are not authorized to access GSTR1 for this return period At the time of filing GSTR-1, many taxpayers are facing this error which says "Error! You are not authorized to access GSTR1 for this return period". While it says it is an [...]

This is How Much Government Has Collected in Late Filing Fee on GST Returns

2019-01-02T18:11:01+05:30January 2nd, 2019|Compliance|

We at FileMyGSTR have been publishing stories and news on the newly implemented Goods and Services Tax regime. GST council in one of its recent meeting has contemplated on waiver of late filing penalty for the taxpayers. This has also been conveyed [...]

Guide for Freelancers to Manage Cash Flow under GST Regime

2018-12-22T16:28:10+05:30December 22nd, 2018|Compliance|

The introduction of Goods and Services Tax regime has propelled a new set of taxpayers viz. Online Sellers and Freelancers. While there is a turnover limit of INR 20 lakhs on GST Registration, E-commerce marketplaces have made it mandatory for online sellers [...]