Category: Daily Bites

Conditions to claim the Input Credit Tax under GST

Input Tax is the tax levied by the supplier (registered taxpayer) for the supply of goods or services or both; to the buyer for the procurement of such goods or services or both- intended or entitled for use towards fulfilling his/her business activities.  The tax constituted on the issued tax invoice could be either by the

Benefits of using cloud software for filing TDS returns

The onslaught of the pandemic known as COVID-19 has touched and affected everything. It forced us to maintain a physical distance between each other, making it a requirement for us to find ingenious ways to work around the problem. Tax compliance and accounting, traditionally considered paper intensive projects, are a few of the functions that

Why should SMBs use Hosted Tax Software to File Taxes?

As governments around the world attempt to make their tax rules water-tight, there is a growing complexity that businesses have to manage while filing their taxes. Making mistakes while filing taxes could attract avoidable penal costs. Handling the increasing compliance requirements can be especially challenging for small and medium businesses (SMBs), who have limitations in

Types of deductions allowed to Salaried Individual in India

If you are a salaried individual, you would surely spend a lot of time juggling between your income and tax savings. To minimize this, there are a few tax deductions that you can avail of. To understand them, first let us understand the structure of the ITR-1 Tax Return form which is applicable to salaried

Eway bill generation a never-ending task

As seen in the previous article, E-way bills are something that businesses in several sectors have to generate on a regular basis as part of their daily operations. And while the process is not that complicated, it does take around 8-10 minutes to generate an E-way bill in each instance. However, an active business may

Accountants must for E-way bill generation in tally

Every time a transporter has to transport goods whose total value exceeds Rs. 50,000, the transporter needs to carry what is called an E-way Bill (Electronic-way Bill). An E-way bill is compulsory to have if the goods are being transported between different states. However, some states have also mandated E-way Bills for intra-state goods movement

New KDK Customer Support Number

In our effort to bring better connectivity for our customers, we have moved our call center from a landline to mobile no.  You can now reach out to us at 079-69-012345 and connect faster with our support champs! RegardsKDK Support Team

Is Filing GSTR-9 / 9C a Nightmare?

Manage and file GSTR – 9 / 9C returns of your clients quickly with Express GST On-call Express Tax Assistant which helps you with your GSTR-9/9C queries in real-time Top Reasons For Express GST To Be CA’s First Choice Quick Sync to get access to your Client’s Accounting Data with no hassle GSTR-9 Filing gets

Dashboard Feature

This dashboard gives a brief note on which assessee details have been started, submitted, verified etc. The notification such as Birthday remainder, Statutory Dates, are also available on this panel.