Notices for the business
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Any income tax or GST notice: send a photo, get the meaning in 10 minutes, and a fixed fee from the notice list.
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Answers on this topic
- Is your influencer income a profession or a business?Content creation income is taxed as business/profession income at slab rate. The classification affects two things: presumptive taxation and TDS rate.
- Creator expense deductions: what you can claim as a businessAs a creator with business income, you can deduct all expenses incurred wholly and exclusively for the purpose of business. This includes much more than most creators…
- GSTR-2A / 2B mismatch notices: ITC reversal demandsThe most common GST notice: your GSTR-2B shows less ITC than what you claimed in GSTR-3B. Reasons: vendor didn't file GSTR-1, vendor filed after your return date, invo…
- The 7 patterns that generate 80% of all notices1. AIS not reconciled before filing: Annual Information Statement has 50+ data categories. Any item in AIS not in your ITR = guaranteed notice. Download AIS before fil…
- Special Will situations: NRI, joint property, business ownerNRI: An NRI should make two Wills, one Indian Will for India-situs assets, one foreign Will for overseas assets. Indian Will should specify FEMA-compliant repatriation…