G.S.T STRUCTURE


FOGst Blogs

Comments

Post a Comment

Popular posts from this blog

Cryptocurrency Taxation -India-Analysis 2022

Image
  Cryptocurrency Taxation  CONTACT FOR EXPERT ADVICE ON TAXATION MATTERS. http://www.karsaathi.in/ Contact: 7838639095 (WhatsApps No.) INCOME TAX APPLICABLE ON CRYPTOCURRENCY FROM 01/04/2022 From April 1, 2022, all Digital Assets investors will have to pay a flat  30  percent tax on one's income on digital assets. In addition, 1 percent T.D.S. will be deducted by the buyer of digital assets. 1 percent T.D.S. will have to be deducted from the purchase price of the transaction. However, this T.D.S. rule will come into force from July 1, 2022. Apart from this,  digital assets have been included by changing the definition of property from April 1,  2022. Any gift, including digital assets received from non-relatives, will be treated as income if the total value of all gifts exceeds ₹50,000 in the same financial year. Profits on the sale of cryptocurrencies will be taxed at the rate of 30 percent tax. The only deduction from the sale idea could be the ...
Read more

Deductions Interest Payments U/S 24 2022

Image
  Deductions from income from house property U/S 24 Income chargeable under the head “Income from house property” shall be computed after making the following deductions, namely: a sum equal to thirty percent of the annual value 79(b) where the property has been acquired, constructed, repaired, renewed, or reconstructed with borrowed capital, the amount of any interest payable on such capital: Provided that in respect of property referred to in sub-section (2) of section 23, the amount of deduction 80[or, as the case may be, the aggregate of the amount of deduction] shall not exceed thirty thousand rupees : Provided further that where the property referred to in the first proviso is acquired or constructed with capital borrowed on or after the 1st day of April 1999 and such acquisition or construction is completed within five years from the end of the financial year in which capital was borrowed, the amount of deduction 81[or, as the case may be, the aggreg...
Read more

Top 10 ITR Filing Documents

Image
Your Comprehensive ITR Filing Checklist: Top 10 Documents for Tax Filing Success It’s that time of the year again – tax season is upon us! As you gear up to file your Income Tax Return (ITR), having a well-organized checklist of essential documents is key to a smooth and stress-free filing process. Let’s delve into the top 10 documents and best practices that make up your ITR filing essentials. 1. PAN Card: The cornerstone of your tax identity, ensure your Permanent Account Number (PAN) card is readily available. It’s a must-have for all tax-related transactions. 2. Form 16 – Your Salaried Lifeline: For employed individuals, Form 16 is your go-to document. Issued by your employer, it provides a detailed summary of your salary, deductions, and TDS (Tax Deducted at Source). 3. Bank Statements: Compile comprehensive statements from all your bank accounts. These statements serve as a financial trail, validating your income and expenditure. 4. Investment Proofs: Gather do...
Read more