Tag: chennaiaccounts

27
Apr

12 Must know deductions under Sec 80 of Income Tax Act

It is the time of the year when many of us are putting together our documents for filing returns. While the Income Tax Act 1961 provides categories for levy of income tax, there are a range of sections that offer tax deductions to the taxpayer. There are provisions that are tax payer friendly and enable tax savings to a reasonable

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23
Apr

5 Must Need Licenses to Export Food Products From India

India has been on the international market for spices export and has had a place on the world economic map for centuries. The Indian spices export business has been one of the most thriving businesses and the pandemic has helped it even more. It was reported in December 2020that there was 19% increase in the export of spices from India.

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14
Mar

Your ready reckoner for year end accounting

Come March, there is always a lot of work that the accounts departments are flooded with. The end of the financial year brings in panic, concern and anxiety to streamline accounts and get things ready for the IT filing that falls later in the year. However small or big the business is, the load of work around March and filing

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12
Feb

GST FAQs

2017 marked a milestone in the history of Indian Taxation with the Government deciding to unify taxes to get rid of numerous indirect taxes that were being levied, this gave birth to the Goods and Service Taxes, popularly known as the GST. With each year of implementation, the industries have learnt numerous lessons. With different kinds of opportunities arising for

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26
Dec

Top Questions you must get clarified before doing FSSAI Registration/ License

Top 50 Questions you must get clarified before doing FSSAI Registration/ License Do you want to start a food industry business? It may be a catering (or) home kitchen (or) hotels (or) supermarket (or) bakery (or) ice cream (or) juice shop (or) milk company (or) organic stores, etc., one is compulsory for FSSAI Registration/License. When you seek your company FSSAI

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23
Jun

Checklist of 8 important tasks to do before 30th June 2020

In this article, let’s check the list of important tasks relating to our Income tax return filing which have to do before this month-end, June 2020 The tasks are listed below Link PAN with Aadhaar – If not linked, No financial transaction can be done where PAN is required. Click the following URL to Link PAN with Aadhaar https://www1.incometaxindiaefiling.gov.in/e-FilingGS/Services/LinkAadhaarHome.html Revised

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3
Jun

Things to do after obtaining GST Registration

In this article, let’s discuss all the important things to be done to stay compliant under GST after obtaining the GST registration certificate. Please note, that where business is being carried out in different States, every such business must be registered separately under GST. Hence, each of such GSTIN must comply with these GST rules separately. Due to lack of

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