S.P. Rajotiya

Unlocking the Secrets of Credit Reports: A Comprehensive Guide As a responsible borrower, understanding your credit report is crucial for maintaining good financial health. Your credit report is a detailed document that outlines your credit history, payment behavior, and creditworthiness. In this article, we will delve into the world of credit reports, exploring what they contain, how they are used, and why maintaining a healthy credit report is essential. What is a Credit Report? A credit report is a comprehensive record of an individual's or business's credit activities, including: 1. Personal Identification: Name, address, date of birth, and other identifying information. 2. Credit Accounts: Details of credit cards, loans, mortgages, and other credit facilities, including payment history and outstanding balances. 3. Payment History: Records of on-time payments, late payments, and missed payments. 4. Credit Inquiries: List of organizations that have accessed the c...

After Due Date One Day Delay in filing of GSTR 3B will cause you Late Fee and Interest if Tax Payment in Cash After Due Date One Day Delay in filing of GSTR 1 will cause you Late Fee and it Delay ITC of Counter party by One Month So timely filing of GSTR 1 is Very Important

GST Tips for Beginners  e-Way Bill System will not allow taxpayer to update these details directly in EWB System: ▶️Business Name ▶️Address ▶️Mobile Number ▶️Email id The taxpayer has to change these details at GST Common portal, from where it will be updated in EWB system

With the start of the new financial year in April, your company's account department would have sent you an email asking you to submit a declaration of your proposed investments in the coming year to compute taxes on your salary based on the tax regime opted. You would also have been asked to inform them about the tax regime you are planning to opt for in the current FY 2022-23. This means you have a choice to make. You can opt for the old tax regime or the new tax regime. In the old tax regime, where you don’t claim any deductions, your entire salary income will be taxed as per the applicable slab rate. In the new tax regime, however, you can claim deductions on investments made in specified tax-saving instruments. This helps in reducing your tax liability considerably. Another way of avoiding excess TDS on your salary is to make sure you submit all the valid exemptions/deductions to your employer in time. This will ensure that the TDS deducted from your salary is calculated based...

How are Mutual funds taxed? Capital Gains tax is applicable. A brilliant one-glance taxation view

E-Waybill for Gold has been provisioned in e-Waybill system As per the notification issued by their respective states,taxpayers may generate e-Waybill for Gold (comprising items belonging to HSN Chapter 71 only) for intrastate & interstate transactions