6 benefits of Outsourcing the Business Accounting to an Expert
Outsourcing business accounting can be a smart decision for many businesses, for several reasons:
SCN Without Mentioning The Date And Time Of Personal Hearing Is Illegal
The Hon’ble High Court of Allahabad vide its order dated 22.12.2022 in the matter of M/s Jaiprakash Thekedar Vs. Commissioner, Commissioner Taxes and Another in Writ Tax No. 1511 of 2022, quashed the order cancelling the registration passed
Most Awaited Amendment under GSTR-3B form
On 17th Feb 2023, the GSTN team has issued a direction that now the table 4 of GSTR-3B will now accept negative values also.
No need to prove Intention to evade Tax incase of Section 129
Section 129 of Central Goods and Service Tax Act, 2017 has been enacted to check evasion of tax. If the goods are intercepted during transit and the documents accompanying the goods are not in compliance with the provisions, authorities are within their power to detain the goods and demand payment of tax and 100% penalty.
Restriction on Use of Amount Available in Electronic Credit Ledger
The Central Board of Indirect Taxes (“CBIC”) having power in Section 164 of the CGST Act, 2017, released a crucial Notification No. 94/2020-Central Tax dated 22nd December, 2020 by which a new Rul
Important Changes in Income Tax -New Tax Regime
In 2020, the Indian government announced an optional new tax regime that applies to FY2020-21 and onward. The new scheme offers a lower rate of tax for those who opt for it as well as new deductions and exemptions. This blog post will provide a brief overview of the changes so that business owners can make informed decisions about their taxes.
Due Date of ITR extended for AY 2022-23
The Income Tax Returns for which due date was 31st October,2022 can now be filed till 7th November, 2022. for detail circular Click here
Due date of filing of Form 26Q for the second quarter of Financial Year 2022-23, Extended
CBDT extends the due date of filing of Form 26Q for the second quarter of Financial Year 2022-23 from 31st October, 2022 to 30th November, 2022 vide circular number 21/2022 dated 27th October 2022.
Due Date of Tax Audit Report for AY 2022-23 Extended
The CBDT vide circular no. 19/2022 dated 30th September 2022 has extended the Due date of filling tax audit report from 30th September 2022 to 07th October 2022. Many Chartered Accountants and stakeholders were facing various problems at the last hours. The new income tax portal which was launched last year on 07th june 2021, […]
Extension of Time for Filing e-form DIR-3-KYC
It has been decided to allow filing of e-form DIR-3-KYC and web-form DIR-3-KYC-WEB without filing fee upto 15th October, 2022, vide General Circular No. 09/2022 dated 28th September 2022. Click here to download the circular