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3 Ways to Save Tax Through Your Parents #shorts
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** In case of queries Contact us here - https://hypertax.in/contact/
Every year, the personal finance market experiences fluctuations in trends, especially as technology and its applications advance. However, the pandemic has ...brought attention to personal finance. As people realised the necessity of financial planning and security, it became a bigger priority, prompting many to experiment with digital offers at a period when physical connections were limited. The personal finance business, like many other industries, has seen a surge in digitisation, with established digital players getting a boost and legacy players hurrying to modernise.
Increased financial literacy and rapid technological adoption will continue to have an impact on the sector and influence the trends that may be expected in the coming year and beyond.
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Every year, the personal finance market experiences fluctuations in trends, especially as technology and its applications advance. However, the pandemic has ...brought attention to personal finance. As people realised the necessity of financial planning and security, it became a bigger priority, prompting many to experiment with digital offers at a period when physical connections were limited. The personal finance business, like many other industries, has seen a surge in digitisation, with established digital players getting a boost and legacy players hurrying to modernise.
Increased financial literacy and rapid technological adoption will continue to have an impact on the sector and influence the trends that may be expected in the coming year and beyond.
*********************
Be a Part of Consult Gurpreet Family:
Email- consultgurpreet@gmail.com
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investing,
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** In case of queries Contact us here - https://hypertax.in/contact/
The high cost of iPhones deters most potential buyers. And compared to other phones with similar specifications, Apple devices are exorbitantly ...priced. The base model of the iPhone starts from Rs 79,900 and goes up to Rs 1.1 lakh. The Pro Max model starts at Rs 1,29,900 and goes up to Rs 1,79,900. So from a pricing perspective, Apple has given iPhones a sort of aspirational status.
But should you buy it even if you can’t afford it?
It is debatable. But generally speaking, the answer is no. And that’s because it’s not something critical or important. You can get the job done with cheaper devices as well. It is not something that you cannot live without
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The high cost of iPhones deters most potential buyers. And compared to other phones with similar specifications, Apple devices are exorbitantly ...priced. The base model of the iPhone starts from Rs 79,900 and goes up to Rs 1.1 lakh. The Pro Max model starts at Rs 1,29,900 and goes up to Rs 1,79,900. So from a pricing perspective, Apple has given iPhones a sort of aspirational status.
But should you buy it even if you can’t afford it?
It is debatable. But generally speaking, the answer is no. And that’s because it’s not something critical or important. You can get the job done with cheaper devices as well. It is not something that you cannot live without
*********************
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Click on this link for Demo - https://bit.ly/3DS7MDg
** In case of queries Contact us here - https://hypertax.in/contact/
As the business transactions run on credits because of the business relations, most of ...the creditors face cash flow management issues. The reason behind this is the debtors do not repay the credit amount on time. As the transactions are of high value, sometimes the creditors face cash crunch.
To grow the business, one needs capital not just on the invoices but also in their accounts. This is not being managed due to external setbacks such as collections on time. Income tax is levied on the invoices created throughout the year and not the amount in the bank. With cash crunch because of untimely collections.
There are certain applications which help such businesses automate the processes.
*********************
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Email- consultgurpreet@gmail.com
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** In case of queries Contact us here - https://hypertax.in/contact/
As the business transactions run on credits because of the business relations, most of ...the creditors face cash flow management issues. The reason behind this is the debtors do not repay the credit amount on time. As the transactions are of high value, sometimes the creditors face cash crunch.
To grow the business, one needs capital not just on the invoices but also in their accounts. This is not being managed due to external setbacks such as collections on time. Income tax is levied on the invoices created throughout the year and not the amount in the bank. With cash crunch because of untimely collections.
There are certain applications which help such businesses automate the processes.
*********************
Be a Part of Consult Gurpreet Family:
Email- consultgurpreet@gmail.com
Facebook - https://www.facebook.com/consultgurpreet
Instagram - https://www.instagram.com/consult.gurpreet
Telegram Channel - https://t.me/consultgurpreet
Twitter - https://twitter.com/consultgurpreet
*********************
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income tax,
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business tips,
business,
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sales growth,[+] Show More
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Would Purchaser be liable for GST payment to the Government, if the same has not been paid by the supplier.
As per the section 16(2)(C) of the Act, the recipient of ...goods and services can avail Input Tax credit only if supplier has deposited the tax to the Government.
So, issue is whether credit can be denied in the hands of the buyer of goods and services for the non-payment of taxes by the supplier, even if the same amount of tax already been collected from the buyer?
As per the above section, the government allowed the purchasers to avail input tax credit, provided he should be ensuring that the said payment has been deposited to the Government by the Supplier.
Practically, this seems impossible, as it is difficult for any human being to have a full control over the supplier or to watch him on everyday basis to avail input tax credit. There are many case laws in this respect
** In case of queries Contact us here - https://hypertax.in/contact/
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As per the section 16(2)(C) of the Act, the recipient of ...goods and services can avail Input Tax credit only if supplier has deposited the tax to the Government.
So, issue is whether credit can be denied in the hands of the buyer of goods and services for the non-payment of taxes by the supplier, even if the same amount of tax already been collected from the buyer?
As per the above section, the government allowed the purchasers to avail input tax credit, provided he should be ensuring that the said payment has been deposited to the Government by the Supplier.
Practically, this seems impossible, as it is difficult for any human being to have a full control over the supplier or to watch him on everyday basis to avail input tax credit. There are many case laws in this respect
** In case of queries Contact us here - https://hypertax.in/contact/
*********************
Be a Part of Consult Gurpreet Family:
Email- consultgurpreet@gmail.com
Facebook - https://www.facebook.com/consultgurpreet
Instagram - https://www.instagram.com/consult.gurpreet
Telegram Channel - https://t.me/consultgurpreet
Twitter - https://twitter.com/consultgurpreet
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** In case of queries Contact us here - https://hypertax.in/contact/
Government, vide Notification No. 19/2021- Central Tax, dated 01.06.2021, had
provided relief to the taxpayers by reducing / waiving late fee for ...non-furnishing FORM
GSTR-3B for the tax periods from July, 2017 to April, 2021, if the returns for these tax periods
are furnished between 01.06.2021 to 31.08.2021. The last date to avail benefit of the late
fee amnesty scheme, has now been extended from existing 31.08.2021 to 30.11.2021. [Refer
Notification No. 33/2021- Central Tax, dated 29.08.2021].
2. Based on the multiple representations received, Government has also extended the
timelines for filing of application for revocation of cancellation of registration to 30.09.2021,
where the due date of filing of application for revocation of cancellation of registration falls
between 01.03.2020 to 31.08.2021. The extension would be applicable only in those cases
where registrations have been cancelled under clause (b) or clause (c) of sub-section (2) of
section 29 of the CGST Act. [Refer Notification No. 34/2021- Central Tax, dated 29.08.2021].
3. The filing of FORM GSTR-3B and FORM GSTR-1/ IFF by companies using
electronic verification code (EVC), instead of Digital Signature certificate (DSC) has already
been enabled for the period from 27.04.2021 to 31.08.2021. This has been further extended
to 31st October, 2021. [Refer Notification No. 32/2021- Central Tax, dated 29.08.2021].
4. The extension of the closing date of late fee amnesty scheme and extension of time limit
for filing of application for revocation of cancellation of registration will benefit a large number
of taxpayers, specially small taxpayers, who could not file their returns in time due to various
reasons, mainly because of difficulties caused by COVID-19 pandemic, and whose
registrations were cancelled due to the same. Taxpayers are requested to avail the benefit of
these extensions at the earliest to avoid last minute rush.
*********************
Be a Part of Consult Gurpreet Family:
Email- consultgurpreet@gmail.com
Facebook - https://www.facebook.com/consultgurpreet
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Government, vide Notification No. 19/2021- Central Tax, dated 01.06.2021, had
provided relief to the taxpayers by reducing / waiving late fee for ...non-furnishing FORM
GSTR-3B for the tax periods from July, 2017 to April, 2021, if the returns for these tax periods
are furnished between 01.06.2021 to 31.08.2021. The last date to avail benefit of the late
fee amnesty scheme, has now been extended from existing 31.08.2021 to 30.11.2021. [Refer
Notification No. 33/2021- Central Tax, dated 29.08.2021].
2. Based on the multiple representations received, Government has also extended the
timelines for filing of application for revocation of cancellation of registration to 30.09.2021,
where the due date of filing of application for revocation of cancellation of registration falls
between 01.03.2020 to 31.08.2021. The extension would be applicable only in those cases
where registrations have been cancelled under clause (b) or clause (c) of sub-section (2) of
section 29 of the CGST Act. [Refer Notification No. 34/2021- Central Tax, dated 29.08.2021].
3. The filing of FORM GSTR-3B and FORM GSTR-1/ IFF by companies using
electronic verification code (EVC), instead of Digital Signature certificate (DSC) has already
been enabled for the period from 27.04.2021 to 31.08.2021. This has been further extended
to 31st October, 2021. [Refer Notification No. 32/2021- Central Tax, dated 29.08.2021].
4. The extension of the closing date of late fee amnesty scheme and extension of time limit
for filing of application for revocation of cancellation of registration will benefit a large number
of taxpayers, specially small taxpayers, who could not file their returns in time due to various
reasons, mainly because of difficulties caused by COVID-19 pandemic, and whose
registrations were cancelled due to the same. Taxpayers are requested to avail the benefit of
these extensions at the earliest to avoid last minute rush.
*********************
Be a Part of Consult Gurpreet Family:
Email- consultgurpreet@gmail.com
Facebook - https://www.facebook.com/consultgurpreet
Instagram - https://www.instagram.com/consult.gurpreet
Telegram Channel - https://t.me/consultgurpreet
Twitter - https://twitter.com/consultgurpreet
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"Empowering the Salaried Class" Playlist - https://youtube.com/playlist?list=PLrytMi4PSShAeL3IN2Drg0gyK3cdtko31
Only one category of people in India is immune to the taxman's wrath: the salaried class. This is because the employer is responsible for ...deducting tax at source and remitting it to the government. This group has served as the government's bakra (scapegoat) for collecting income tax for decades (I-T).
Businessmen, self-employed professionals, and, of course, corporations all have ways to avoid paying taxes, but the salaried guy does not, at least not on his salary.
One most common reason is that the salaried class lacks the Knowledge of Income Tax.
To empower the Salaried Class in India, I have started an initiative "Empowering the Bakra of Income Tax - the Salaried Class".
Stay tuned and Plz follow the Playlist of this 30 day video series.
#iamnotabakra
** In case of queries Contact us here - https://hypertax.in/contact/
*********************
Be a Part of Consult Gurpreet Family:
Email- consultgurpreet@gmail.com
Facebook - https://www.facebook.com/consultgurpreet
Instagram - https://www.instagram.com/consult.gurpreet
Telegram Channel - https://t.me/consultgurpreet
Twitter - https://twitter.com/consultgurpreet
*********************
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Only one category of people in India is immune to the taxman's wrath: the salaried class. This is because the employer is responsible for ...deducting tax at source and remitting it to the government. This group has served as the government's bakra (scapegoat) for collecting income tax for decades (I-T).
Businessmen, self-employed professionals, and, of course, corporations all have ways to avoid paying taxes, but the salaried guy does not, at least not on his salary.
One most common reason is that the salaried class lacks the Knowledge of Income Tax.
To empower the Salaried Class in India, I have started an initiative "Empowering the Bakra of Income Tax - the Salaried Class".
Stay tuned and Plz follow the Playlist of this 30 day video series.
#iamnotabakra
** In case of queries Contact us here - https://hypertax.in/contact/
*********************
Be a Part of Consult Gurpreet Family:
Email- consultgurpreet@gmail.com
Facebook - https://www.facebook.com/consultgurpreet
Instagram - https://www.instagram.com/consult.gurpreet
Telegram Channel - https://t.me/consultgurpreet
Twitter - https://twitter.com/consultgurpreet
*********************
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section 80ggc,[+] Show More
active
"Empowering the Salaried Class" Playlist - https://youtube.com/playlist?list=PLrytMi4PSShAeL3IN2Drg0gyK3cdtko31
Only one category of people in India is immune to the taxman's wrath: the salaried class. This is because the employer is responsible for ...deducting tax at source and remitting it to the government. This group has served as the government's bakra (scapegoat) for collecting income tax for decades (I-T).
Businessmen, self-employed professionals, and, of course, corporations all have ways to avoid paying taxes, but the salaried guy does not, at least not on his salary.
One most common reason is that the salaried class lacks the Knowledge of Income Tax.
To empower the Salaried Class in India, I have started an initiative "Empowering the Bakra of Income Tax - the Salaried Class".
Stay tuned and Plz follow the Playlist of this 30 day video series.
#iamnotabakra
** In case of queries Contact us here - https://hypertax.in/contact/
*********************
Be a Part of Consult Gurpreet Family:
Email- consultgurpreet@gmail.com
Facebook - https://www.facebook.com/consultgurpreet
Instagram - https://www.instagram.com/consult.gurpreet
Telegram Channel - https://t.me/consultgurpreet
Twitter - https://twitter.com/consultgurpreet
*********************
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section 80U,
Section 80GG,[+] Show More
Only one category of people in India is immune to the taxman's wrath: the salaried class. This is because the employer is responsible for ...deducting tax at source and remitting it to the government. This group has served as the government's bakra (scapegoat) for collecting income tax for decades (I-T).
Businessmen, self-employed professionals, and, of course, corporations all have ways to avoid paying taxes, but the salaried guy does not, at least not on his salary.
One most common reason is that the salaried class lacks the Knowledge of Income Tax.
To empower the Salaried Class in India, I have started an initiative "Empowering the Bakra of Income Tax - the Salaried Class".
Stay tuned and Plz follow the Playlist of this 30 day video series.
#iamnotabakra
** In case of queries Contact us here - https://hypertax.in/contact/
*********************
Be a Part of Consult Gurpreet Family:
Email- consultgurpreet@gmail.com
Facebook - https://www.facebook.com/consultgurpreet
Instagram - https://www.instagram.com/consult.gurpreet
Telegram Channel - https://t.me/consultgurpreet
Twitter - https://twitter.com/consultgurpreet
*********************
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section 80U,
Section 80GG,[+] Show More
active
"Empowering the Salaried Class" Playlist - https://youtube.com/playlist?list=PLrytMi4PSShAeL3IN2Drg0gyK3cdtko31
Only one category of people in India is immune to the taxman's wrath: the salaried class. This is because the employer is responsible for ...deducting tax at source and remitting it to the government. This group has served as the government's bakra (scapegoat) for collecting income tax for decades (I-T).
Businessmen, self-employed professionals, and, of course, corporations all have ways to avoid paying taxes, but the salaried guy does not, at least not on his salary.
One most common reason is that the salaried class lacks the Knowledge of Income Tax.
To empower the Salaried Class in India, I have started an initiative "Empowering the Bakra of Income Tax - the Salaried Class".
Stay tuned and Plz follow the Playlist of this 30 day video series.
#iamnotabakra
** In case of queries Contact us here - https://hypertax.in/contact/
*********************
Be a Part of Consult Gurpreet Family:
Email- consultgurpreet@gmail.com
Facebook - https://www.facebook.com/consultgurpreet
Instagram - https://www.instagram.com/consult.gurpreet
Telegram Channel - https://t.me/consultgurpreet
Twitter - https://twitter.com/consultgurpreet
*********************
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tax on salary,
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tax on salary 2021,
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income tax on salary for ay 2021-22,
save tax on salary,
tax calculation on salary,
income tax calculation,
how to calculate income tax,
how to save tax on salary,
consult gurpreet,
ca gurpreet singh bhalla,
salary income tax,
salary tax calculation,
salary tax,
salary income tax ay 21-22,
salary chapter of income tax,
section 80g,[+] Show More
Only one category of people in India is immune to the taxman's wrath: the salaried class. This is because the employer is responsible for ...deducting tax at source and remitting it to the government. This group has served as the government's bakra (scapegoat) for collecting income tax for decades (I-T).
Businessmen, self-employed professionals, and, of course, corporations all have ways to avoid paying taxes, but the salaried guy does not, at least not on his salary.
One most common reason is that the salaried class lacks the Knowledge of Income Tax.
To empower the Salaried Class in India, I have started an initiative "Empowering the Bakra of Income Tax - the Salaried Class".
Stay tuned and Plz follow the Playlist of this 30 day video series.
#iamnotabakra
** In case of queries Contact us here - https://hypertax.in/contact/
*********************
Be a Part of Consult Gurpreet Family:
Email- consultgurpreet@gmail.com
Facebook - https://www.facebook.com/consultgurpreet
Instagram - https://www.instagram.com/consult.gurpreet
Telegram Channel - https://t.me/consultgurpreet
Twitter - https://twitter.com/consultgurpreet
*********************
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tax on salary in india,
tax on salary 2021,
calculate tax on salary india,
income tax on salary for ay 2021-22,
save tax on salary,
tax calculation on salary,
income tax calculation,
how to calculate income tax,
how to save tax on salary,
consult gurpreet,
ca gurpreet singh bhalla,
salary income tax,
salary tax calculation,
salary tax,
salary income tax ay 21-22,
salary chapter of income tax,
section 80g,[+] Show More