Krishna Gopal Varshney
- An editor at apnokaca
Krishna Gopal Varshney Krishna Gopal Varshney, Founder & CEO of Myitronline Global Services Private Limited at Delhi. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business/Professional establishment. Connect to us and let us give the Best Support to make you a Success. Visit our website for latest Business News and IT Updates.
The Latest from Krishna Gopal Varshney
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A Complete Guide to Preventing Tax Notices for NRIs
can be difficult to manage income tax as an NRI, and even small mistakes could result in tax notifications. The top 5 tax notifications that non-resident Indians (NRIs) frequently receive are highlighted in this blog. These notices include non-filing of returns, income mismatches, unreported income, suspected tax evasion, and faulty returns. It offers helpful advice on how to prevent these letters, including timely filing, correct income declaration, making use of DTAA advantages, and speaking with tax experts. NRIs may guarantee hassle-free tax compliance and steer clear of fines by being proactive and knowledgeable.
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Major Tax Reform: No GST on Transfer of Industrial Leasehold Rights
In an effort to save expenses and tax uncertainties, the government announced that the sale of leasehold rights for industrial plots would be free from GST. The goals of this action are to encourage business-friendly conditions, reduce regulatory costs, and advance industrial expansion.
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How the New Income Tax Relief Affects Salaried Individuals Earning Up to Rs. 15 Lakh
For salaried people making up to Rs. 15 lakh, the government is recommending income tax reduction. In order to help middle-class taxpayers, this blog explores potential adjustments to income tax slabs, improved standard deductions, and expanded savings opportunities. People can improve their financial planning by comprehending these suggestions.
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The Tax Future: The Impact of Digital India on Your Taxes
Digital India is using big data, blockchain, and artificial intelligence to transform the taxes system. This change promotes inclusion for both people and enterprises, streamlines tax compliance, and improves transparency. The blog addresses issues including cybersecurity and the digital divide while examining important breakthroughs like faceless assessments, GST changes, and AI-powered technologies. It illustrates how Digital India is creating a more intelligent and effective tax environment by highlighting the future of taxes with unified systems, customized taxpayer support, and incentives for compliance.
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Updates to the AY 2024–25 Income Tax Portal: Important Points and Taxpayer Advice
For AY 2024–2025, the Income Tax Department has released revised tools for ITR Forms 2 and 3. Now, taxpayers have the option to file their taxes online or offline and collect the Section 87A reimbursement. Find more about the changes, difficulties, and actions taxpayers should take to ensure smooth compliance.
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Taxpayer Relief: GSTR-3B Filing Deadline for December 2024 Extended
The deadline for submitting GSTR-3B has been extended to December 2024 by the Central Board of Indirect Taxes and Customs (CBIC). On January 10, 2025, the notification was released with the intention of giving taxpayers compliance relief. Depending on the taxpayer's primary location of business, the updated deadlines are separated into two groups. Businesses gain from this extension, which guarantees easier GST compliance and lessens system load.
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Changes to GSTR-1 Filing Effective January 2025: A Detailed Guide
New GSTR-1 filing requirements take effect in January 2025. GSTR-3B reconciliation alignment, auto-populated data, improved e-commerce transaction reporting, and updated HSN code reporting criteria are some of the major changes. Find out how businesses may adjust and how taxpayers are impacted by these changes.
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Taxpayer Benefits from Leasehold Rights GST Exemption Ruling
The recent court ruling on the GST taxation of leasehold rights has given taxpayers much-needed clarification and respite. This important decision exempts leasehold rights from GST as it acknowledges them as immovable property transactions. It gives the potential for reimbursements for previous transactions, lessens the tax burden, and lowers compliance challenges. Examine how this choice promotes ease of doing business while affecting taxpayers and enterprises.
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Unlocking Benefits: All About the Section 128A Waiver Scheme
The blog talks about the noteworthy evolution of the GSTN's Section 128A Waiver Scheme, which was implemented to make it easier for taxpayers to comply. It emphasizes important aspects including the elimination of late fines and penalties, the introduction of GST SPL 01 and GST SPL 02 forms, and a thorough application procedure. It also outlines the scheme's advantages, such as cost savings and easier compliance.
