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In India, we have to pay Income Tax if income increase the certain limit prescribed by the Government of India. You can check those Criteria and Slabs Here From the Financial Year 2019-20, Income Tax Department of India has introduced 2 Regimes of Tax Calculation as "Old Tax Regime" and "New Tax Regime" where the Taxpayer can choose any of the regime where he/she can save the maximum tax and can file the return New Tax Regime comes with many restrictions of Deductions. If you want to save Tax then New Tax Regime will be not beneficial for you because it restricts all the deductions such as 80C, 80D, 80TTA etc. New Tax Regime is only helpful for those who don't want to invest or they are not able to claim any of the following deductions mentioned below (points 1 to 10 as mentioned below) Now comes to Old Tax Regime, Every year people with huge income search for the best options to Save maximum Tax so that they don't need to pay excess tax to the government. ...

What is Form 26AS ? Form 26 AS is the statements which shows the following details: 1. Your PAN Number on the Top 2. Status of PAN (Whether active or not) 3. Financial Year and Assessment Year of 26AS Downloaded 4. Your Name (Business Name) 5. Registered Address on Income Tax Portal 6. Company’ Name Who deducted your TDS 7. Company’s TAN 8. Section of TDS under which TDS was deducted 9. Gross amount paid 10. TDS Deducted and Deposited amount 11. Date of Deduction 12. Date of Booking of Entry in 26AS 13. Form 26AS also shows you the TDS Deducted at the time of Sale of Property 14. Details of TCS (Tax Collected at Source) 15. Refund received against Income tax, Interest Earned on Income Tax Refund & TDS deducted on Interest Received (if any) 16. On Top Below, it shows you the GST Turnover if you have GST Number and filing GST Returns 17. For the convenience of Deductor, it also shows the abbreviations and TDS Sections details for the unders...

Sometimes because of the Non-Proper running of business activities, the Businessman decide to close the business or to give more time as an Employee, they quit their own business (reasons are infinite for Cancellation of Registration). Today we will give you knowledge about “How to cancel the GST Registration” So, Before Cancellation of GST Number, you need to Pay all your pending liabilities, Claim all the Inputs through Refund Process and Clear all the disputes (if any) with GST Department Payment of Liabilities: You will find the details of payables, Charges, Fee or Panel ties in GSTR 3B Section where you need to input GST Liability amount as per the same made by you Refund of Input: If you have excess GST Input available than the Sales Output, then you can claim refund through the GST Refund Process (Suggesting you to hire an Expert Tax Professional to do the same, we are also provide the all GST Services. Contact Us through “Contact Us” Form” Following is the Process of Cancella...