National Association of Realtors-India’s Post

💼 Simplify Your Taxes: ITR Filing for Sole Proprietorship Firms! 🧾 Are you a sole proprietor looking to streamline your income tax filing process? 🤔 Filing your Income Tax Return (ITR) might seem daunting, but it's a crucial step to ensure compliance and unlock benefits for your business. https://bit.ly/4dYSsay Here’s why it matters: ✅ Legal Compliance: Filing ITR keeps you in line with Indian tax laws and avoids penalties. ✅ Access to Loans: Banks often require ITR documents when processing business loans. ✅ Business Growth: Maintain clean financial records to attract investors or partnerships. ✅ Claim Deductions: Enjoy tax-saving opportunities by declaring eligible expenses. 🔍 Pro Tip: Choose the right ITR form (ITR-3 or ITR-4 based on presumptive taxation) and ensure accurate bookkeeping to avoid discrepancies. 💡 At Vakilsearch, we make ITR filing for Sole Proprietorship Firms seamless and stress-free. From documentation to filing, our experts ensure precision at every step. 📞 Ready to file your ITR? Contact us today to file confidently and focus on growing your business! #ITRFiling #SoleProprietorship #TaxCompliance #Vakilsearch #SmallBusinessTips

Don’t wait till the last minute to pay your property tax! From expert advice on tax-saving strategies to personalized assistance with assessment appeals, we’re here to support you at every step. Enroll in our membership program today and take control of your finances and assets! D S Ravikumar #hasthaglobalventures #propertytaxappeal #propertytaxes #propertytax #incometaxdepartment #incometaxindia #nriindians

#Exclusive | Want to know how GST affects real estate in 2024? Check out our latest blog for key insights! https://lnkd.in/d3JP8Mbn

2024 ✨ An other tax season spent helping and educating Canadians, from all walks of life, how to understand our complex tax system and abide by the law ✨ 🍁 #canadiantax #finance #taxreturn #taxtips #personalfinance #taxlaw #taxaudit #saving #paperless #protecttrees

📌 Exploring the complexities of GST in real estate is crucial for tax professionals. Recently, we had the privilege of sharing our insights on this crucial topic at a webinar organized by Taxmann, where we explored the legal and practical scenarios shaping the taxation landscape for the real estate industry.   Here are some key highlights from our presentation:   ✔️ Taxability Pre & Post 01-04-2019 ✔️ Applicability of GST on Various Charges Collected by Developers ✔️ Conditions to be Fulfilled for a New Residential Project ✔️ Taxability of Transferable Development Rights (TDR) ✔️ Taxability on Transfer of Development Rights (ToDR) ✔️ Taxability of Long-term Lease of 99 Years ✔️ Taxability of Re-development Models ✔️ ITC Reversal as per Rule 42 [Pre & Post 31-03-2019] ✔️ Plotting of Land and its Intricacies ✔️ Anti-Profiteering for Real Estate Project ✔️ RCM on payment to Govt / Local Authority ✔️ Refund by Builder / Customer  ✔️ Recent Litigation Matters for Builders/Promoters   We also delved into relevant case laws to provide a well-rounded perspective on these issues.   🛑 Watch the presentation here - https://lnkd.in/dsueGDsd   For those interested, the presentation from the webinar, detailing these discussions, is available for reference. We hope you find it insightful and useful in navigating the nuances of real estate taxation.   #KmsIndia #RealEstate #GST #Taxmann #TDR #LongTermLease #Rule42

The Importance of Keeping Property Sales and Purchase Records for Capital Gains In my experience, many property sellers fail to maintain proper records of their property sales and purchases, which can cause issues when calculating capital gains. Keeping these records organised is essential, as they must be maintained for at least 6 years after the sale. Without proper documentation, it becomes difficult to prove the cost and date of acquisition, which may lead to complications with tax authorities during audits or assessments. Make sure to stay compliant and avoid any unnecessary penalties by keeping your property records up to date! Regards Santosh Patil Founder Alliance Tax Experts

Alert Notice for Small and Micro Entities. For FY 2080.81 , facility Extension of tax return filing is no more available for sole proprietor's with turnover less than 1 chores and for entities zero turnover transaction are no more eligible for Extension.

Hello Small Business Owners, The Government heard you! Composition taxpayers are no longer required to pay GST on renting commercial property from unregistered property owners. So, as a composition dealer, you are officially excluded from this RCM rule. #Taxpayers #GSTClarification #gst #gstcouncilmeeting #financeminister #nirmalasitaraman #gstupdates #akconsultingpondy

🚀 **Important Update for Business Owners!** 🚀 If you're running a business and using the presumptive taxation scheme under Section 44AD, there's a crucial update you need to know about. 📢 🔹 The maximum limit for total turnover or gross receipts to declare profits/gains on a presumptive basis has been increased from ₹2 crore to ₹3 crore, effective from 1st April 2024. 🔹 This new limit applies *provided* that the total receipts/payments in cash do not exceed 5% of the aggregate receipts/payments. 🔍 Check out the details in the image below and ensure your business stays compliant with the latest tax regulations. Stay informed, stay compliant! #TaxUpdate #BusinessFinance #Section44AD #PresumptiveTaxation #FinanceAct2023

From October 10, all establishments operating in rented premises will have to pay 18% GST in addition to rent. If the building owner has GST registration, he should issue the invoice. Otherwise, the person doing business has to pay GST by reverse charge. Rent agreement is mandatory. If there is no rental agreement yet, prepare the rental agreement on stamp paper immediately. If there is no rent agreement, GST may be payable on market rate rent. This will result in additional tax liability for those who have opted the composition scheme. Regular return filers can claim input credit if the building owner has GST registration. If the building owner does not have GST, the GST must be paid by the tenant as per the reverse charge system. 🔍 Expertise in Business Consulting. 📧 DM for Consultation #businessconsulting #businessanalysis #importandexportcode #partnershipdeeddrafting #businesscolsultant #projectreport #internalcontrol #incometax #gccvat #success #auditing #mcafiling #taxplanning #taxadvice #Clients #business #gstupdates #Businesssetup #gst #indianeconomy #bussinessdevelopment #gstnews #businessadvice #tax #businessadvisory #gstreturns #entrepreneurship #businessowners #businessconsultingservices #gstupdates #entrepreneurshipmindsetcurriculum