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  Coronavirus brought about a standstill to everyone’s life. The number of people affected ranges from an average salaryman to multinational companies. Another significant aspect of the pandemic was the nationwide lockdown to help control the spread of the virus. It meant a complete stop to the operations of companies and businesses, and as these ventures were in their lives, they suffered massive losses. The country provided compensation for the losses of people through various schemes, but in doing so, a large percentage of national savings was used. As lockdown ends, the government has started to increase the tax rates on businesses and companies to make up for the loss. The ventures being taxed are already going through loss, and to avoid hefty taxes,  Accounting and tax services  are required now more than ever. Digilekha Consultancy Pvt. Ltd is a firm that provides  Accounting and Tax Compliance services in Pune . A skilled team is the backbone of success for a...

Income Tax Return (ITR) is a form in which an individual (taxpayer) is supposed to submit the information about his/her income earned in the particular financial year (1st April to 31st March of next year) and tax applicable to the Income Tax Department of India. It is mandatory that every taxpayer must file his/her ITR on or before the mentioned due date given by the income tax department. A taxpayer is eligible to fil ITR forms depending upon the sources, type of income earned, and the category he/she belongs to such as individual, company, Hindu Undivided Families (HUFs), Association of Persons (AOP), Body of Individuals (BOI), etc. The Income Tax Department has specified seven types of ITR forms from ITR-1 to ITR-7 and that taxpayers should choose the relevant form to file their return of income. Income of the taxpayer can be of various forms such as income from salary, capital gains, house property, business/profession, and other sources like interest earned from bank deposits...

GST was implemented on 1st July 2017. Back then, from that day to this day, there is quite a lot of fuss related to it. To over this fuss, we have Digilekha Consultancy Pvt. Ltd.   GST consultant in Pune. GST was introduced so that the entire nation can come under a unified indirect taxation system. The public generally faces various types of indirect tax like VAT, CST, Excise, Service tax, etc. GST is being adopted to streamline the indirect taxation. GST has been hailed as the most significant tax reforms in the country. It has eradicated the cascading effect of the tax. The procedure has become simpler. However, People are facing a lot of problems due to the implementation of new rules and regulations. Digilekha GST consultant in Pune helps the people in resolving all the issues related to GST and guide its clients in the best manner. The challenges which an individual or firm can face due to GST implementation is increased cost due to software purchase, an increase in opera...