Online Knowledge Zone

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...

I have gone through the Confusions and Questions of many people that "Do they compulsory required a CA for the filing of Income Tax Returns and other Tax Returns" So, today we are here to give the answer of this question You don’t need to hire any CA to file the Tax Returns (in most of the cases) but there are some cases or situations where the signature of CA’s are required. Let’s discuss about the filing guidelines of Main 3 Tax Returns in India: Income Tax Returns Income Tax is the most used Tax Concept by every group of Individuals in India. When you cross the certain criteria of Income, you need to File Income Tax Returns Every Year, Individuals hire CA’s and Tax Consultants to file their returns but over the years the government has made the process of filing so easy that every individual having basic knowledge about Taxation and General English can file it’s ITR 1. But in case of ITR 2 to ITR 7, you need to hire a Professional Tax Consultant. There are many cases where...

New Rule has been introduced by the Government of India in Union Budget in Feb 2021 that “If any person deposits more than 2.5 Lakhs in a Year in PF account through PF Deduction, then he will liable to pay tax on Income/Interest received from that amount” We know that Companies having more than 20 employees deduct and deposit the amount of Provident Fund along with Employer’s Contribution on which the employee also received the Interest from the government. According to the latest Union Budget 2021, If an Individual Contribute more than 2.5 Lakhs (in a year) in PF Account then the income (interest) earned on that Deposit will be taxable but only in that situation where the Total Income of Taxpayer exceed the Slab Rate of 10% (which is more than 5, 00,000 in both Old and New Tax Slab Regime) in any year This interest will we treated as Separate Interest Income like Interest on FD but here is no Bank to deduct TDS on your Interest, you needs to Calculate Advance Tax and pay tax on Time...

This Article has been added for the Information Purpose and to encourage you about the Investments in Stock Market for which you need a Demat Account and a Best Broker with Proper Customer Service Facilities. So, I am strongly suggesting you to Go and start your Investments with “Ganesh Stockinvest Private Limited” which is the best known Stock Broker in Lajpat Nagar, New Delhi (No Doubt if I say in Whole Delhi) We know that you can start your Stock Investments through Online Mobile Applications but before that, you need to read this and enrich yourself with Proper Knowledge I have started with the wording “Proper Customer Facilities” because we know that you can start to invest in Stock Market from any Online Mobile Application based Facilities but will you get the Following Support from them: 1. On which stock you should invest? – Investment Calls 2. When you need to purchase or sell particular share? 3. Will any Company opens your Free Demat Account? 4. Will any Com...

We saw that People pay 500 - 5000 just to Apply for the PAN card in Cyber Café or to CA. We understand that the Person took the Service Fee of doing so but why we are paying the amount for that work which we can do on our own. Today we are describing you the Online PAN Card Application Process where you can easily apply for the PAN card on your own without any External Help Steps-by-Step guide to Apply for PAN Card Online: (We are following the most famous PAN Application process through NSDL) you can also do the same below mentioned process through UTITSL also) 1. Visit TIN.NSDL website 2. Click on PAN under Services Column 3. Click on the Apply option in "Application of Allotment of New PAN (Form 49A) - Applicable for Citizens of India" 4. Then Online PAN application page will open where you need to Register Yourself by filling Following Details: Application Type (PAN or TAN), Select Category (Individual, Partnership, Company, Trust etc.), Title (Mr., Mrs. or M/s.), Firs...

Basically Account Maintenance Charges are deducted by the Banks where they consider as Bank Charges and Doesn’t need to Deduct TDS on it by the service receiver But if the AC Maintenance Charges are receiving from other institution or From Vendor then it will comes under section 194 C (TDS on Contractor and sub contractor) Note: You are required to Deduct TDS only if the Transaction fulfilling one of the below conditions, otherwise not required to Deduct TDS 1. Annual Transaction increases 1,00,000 with the same vendor 2. or the Single Invoice exceeds 30,000 in any period You need to deduct TDS at the rate of 1% (if Individual & HUF) and 2% (in case of other than Individual & HUF) Note: TDS Rates for the Financial Year 2020–21 has been reduced by 25% by the government so the Rates will be (0.75% & 1.50% respectively) 

Date: 24th January 2020 After the issue of Whats App new Privacy Policy & Elon Musk's Tweet "Use Signal", Signal Mobile Application's downloads are increasing day by day. Now with the Increasing User Base, Signal Started providing new Features inside the Application which are for the Beta Users (For Now) but it will be available soon for the all users. What are the Latest Feature added by the Signal in Mobile Application? 1. Custom Wallpaper with a Dark Theme: Here you can Apply 21 Wallpapers (as per your choices) in Chat Background. You can choose the same Wallpapers for all chats or You can choose different  - different Wallpapers for Separate Chats. Till now Whats App only Provides Chat Options where the Wallpapers of All chats changes once se select the Wallpaper 2. Animated Sticker Pack "Day by Day":  With signal's initial Update, it has only few stickers available but now Signal Launched Day-by-Day naming Sticker pack which contains 24 animate...

Do you believe in Luck! If not, then after reading this post : you will! Everyone knows that how much is the Bitcoin Price now. It’s Almost 2.6 Million in Indian Rupees. (Damn) The Bitcoin has been started from 2008 by the Satoshi Nakamoto and the Initial Price of one Bitcoin was $0.05 in 2011 and 22,000 in 2015. Now after 6 years it’s increased by almost 11,818% as compared to 2015 Price. When Bitcoin was reached 1 Million (per coin) that time India Banned the Cryptocurrency in India but now it’s legal to trade in Cryptocurrency in India. And a sudden news came from France that a Boy found 127 Bitcoins during a Game when he was checking his 10 years old Cryptocurrency Wallet and become millionaire in just a second. What is the story behind 127 bitcoin found by a boy in France? The boy (unnamed) was playing the online game naming Dark Orbit where player needs to pay for the power-ups through cryptocurrency. Then he visited his 10 years old Cryptocurrency Wallet to pay for the Gam...

We use Microsoft Excel in our daily professional or Personal Life for the Data Maintenance & Reporting. Whenever we need to record our some data, we jumps towards Microsoft Excel for the Numerical Data Preparation. If you are in Technical & Finance Field then you can understand how important Microsoft Excel is. There are numerous of Excel Features are available which can’t be count. Apart from Fixed Formulas, we can create our own string as per the understanding. Today we will introduce you all about a New Feature of Microsoft Excel which is called  “Flash Fill” What is Flash Fill in Microsoft Excel & How Flash Fill Works? Flash Fill auto suggest you to update your data when it senses/track a pattern of the data entered by you in Certain Excel Workbook Microsoft Flash Fill is like an AI (Artificial Intelligence) feature which automatically tracks the pattern of your inputs and suggest you the auto populated date to fill automatically in next cells. Let’s Understand th...

Sunday : The Prefect day of the Week. We enjoy the day after the full tired 6 days of the Week. People always wait for Sunday so that they can enjoy the day at home with their families or visit some places with friends, partying on Saturday Evenings so that they can lie down all day on Sunday without any tension to go to office etc. But, have you ever thought: Why we celebrate Sunday as a Holidays and no other day like Monday to Saturday? There are numerous theories & numerous stories are available in every side of the globe regarding the Holidays on Sundays but today we will discuss about only 3 most famous and logical theories. 1. Sunday is treated as holy day for Christians because it’s believed that Jesus Christ left the world on Good Friday and again came back to earth alive on Sunday. The Catholics decided to spare/dedicate one day in the name of Jesus Christ (God). They do prayers, read holy bible and dedicate Sunday to Jesus Christ (God) from their busy schedule af...