ITR "1" & "4" for A.Y. 2020-21 is Available for E-filing
Article by CA Jai Kishore Chawla (FCA, LL.B, DISA(ICAI), B.Com) Author can be reached at fcajaychawla@gmail.com How to become a Government Contractor? Introduction : In present economic conditions across the world, where almost every business is struggling to generate cash revenues, Government Contractors are in the comparatively more comfort zone. Infrastructure Contractors also contribute a lot to the employment generation from rural and remote areas, which is evident by the fact that the first business which was given relaxation in lockdown was Works Contractors. Why so important in present conditions : Funds of government can never exhaust technically also there are almost negligible chance of bad debts. Less market players also make it more profitable. Simple Steps to become a government works contractor : Step : 1) Get your Firm/Company incorporate (other than individuals and HUF) Step : 2) Apply for GST Registration Step : 3) Get your enlistment in ...
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