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Relief on payment of tax

Interest Relief on payment of tax for Due Date extension.

Due to the current pandemic situation, the Government has given an extension for filing the various income tax returns. At the time when the country is facing a second Covid wave, there is a lot of commotion in the day-to-day financial activities due to prevailing lockdown in the country. [...]

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DIR-3 KYC

What is DIR -3 KYC?

According to the MCA guidelines, it is mandatory to conduct KYC for each person who holds DIN. Every Director who has been allotted with the DIN on or before 31st March 2018 and whose status is approved including disqualified director, would be mandatory to file a DIR-3 KYC form. [...]

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GST REGISTRATION PROCESS

Since 1st July, only GST (Goods and Service Tax) is being charged. Taxpayers who are registered under state VAT or central board of excise and customs switched to the GST platform for filling the tax and sharing the information with the Taxation authorities Once an entity is registered under the GST, [...]

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STARTUP INDIA

What does one mean by “Startup India”? Startup India is one in all the foremost initiatives by the Government of India. This program was first announced by Prime Minister Shri Narendra Modi during his Independence speech in 2015. The action plan of this initiative is focusing on three areas: Simplification [...]

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Income from sale of shares is Business income - SettleMyTax

Guidance on treating Share trading as a Business Income

Income from share trading can be treated as income from Capital Gains as well as Income from Business/ Profession. There has always been an ambiguity about this topic. Share trading can be done as a full-time business as well as an investment option. In recent times there has been [...]

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