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Introduction to new web portal for ITR e-Filing ” www.incometax.gov.in “

June 8, 2021June 8, 2021 PEAK bcs Leave a comment

Income Tax Department new web portal for ITR Filing The new income tax website for ITR efiling had launched on June 7, 2021. The new portal have wide features for ITR efiling makes easy and simple. The new and...

Import Export Code Registration

January 30, 2021February 2, 2021 PEAK bcs Leave a comment

What is Import Export Code (IEC) Importer Exporter Code is an identity number issued by the Directorate General of Foreign Trade (DGFT) for the purpose of doing Importing and Exporting business in India. This identity number is shortly known as IEC or...

Digital Signature Certificate ( DSC)

January 10, 2021December 14, 2023 PEAK bcs 3 Comments

In today's digital landscape, trust and security reign supreme. From filing tax returns to participating in tenders, transactions are increasingly conducted online, demanding a reliable way to verify identity and safeguard sensitive information. Enter the **Digital Signature Certificate (DSC)** –...

How to apply GST Registration at https://reg.gst.gov.in?

December 7, 2020January 30, 2021 PEAK bcs Leave a comment

GST Registration Procedure An Online application has to be submitted through the common portal of GST (GSTN) within 30 days from the date when liability to register arose. The online application for GST Registration shall be submitted through the website,...

Permanent Account Number (PAN)

December 7, 2020December 15, 2023 PEAK bcs Leave a comment

The Permanent Account Number (PAN) is a crucial ten-digit alphanumeric identifier issued by the Income Tax Department of India. It acts as your unique tax identity, streamlining financial transactions and simplifying tax compliance. Let's delve deeper into the world of...

Tax Deduction Account Number (TAN)

December 7, 2020December 31, 2020 PEAK bcs Leave a comment

Tax Deduction Account Number (TAN) or Tax Collection Account Number is a 10-digit alphanumeric number issued by the Income-tax Department (we will refer to it as TAN). TAN is to be obtained by all persons who are responsible for deducting...

Goods and Service Tax – GST Registration FAQ

December 7, 2020December 31, 2020 PEAK bcs Leave a comment

GST Registration - FAQ 1. Does aggregate turnover include value of inward supplies received on which RCM is payable? Ans : Refer Section 2(6) of CGST Act. Aggregate turnover does not include value of inward supplies on which tax is...

TRACES – TDS Reconciliation Analysis and Correction Enabling System

December 7, 2020December 31, 2020 PEAK bcs Leave a comment

TRACES is a user-friendly application that will help you to manage your TDS / TCS account. Some of the functionalities available through TRACES are listed below. Dashboard view presenting summary of your accountStatements / PaymentsDownloadsProfile Deductor login page of the...

Tax Credit Statement – Form 26 AS

December 7, 2020December 31, 2020 PEAK bcs Leave a comment

Introduction to Form 26AS Income Tax Department facilitates a PAN holder to view its Tax Credit Statement (Form 26AS) online. Contents of Form 26 AS Details of tax deducted on behalf of the taxpayer by deductors - Part A &...

Tax Free Incomes – Sec 10

December 7, 2020June 1, 2023 PEAK bcs Leave a comment

A) Agricultural Income [Section 10(1)] As per section 10(1), agricultural income earned by the taxpayer in India is exempt from tax. Agricultural income is defined under section 2(1A) of the Income-tax Act. As per section 2(1A), agricultural income generally means:...