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Recently, many individuals and companies, who may have hidden some income from the tax department, have come under the taxman’s lens following an elaborate investigation based on application of data analytics and machine learning and robust data sharing between various tax authorities. According to a report in the Economic Times, the government has used statistics....

On consideration of difficulties reported by the taxpayers and other stakeholders in electronic filing of certain Forms under the provisions of the Income-tax Act,1961 read with Income-tax Rules,1962 (Rules), Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for electronic filing of such Forms. The further details are as under:....

With the increase in the awareness about the Financial Market more people are drawn towards Trading as it enables people to earn additional income over the regular income and also offers faster returns. What is the tax treatment for the earnings from the Trading? Whether the earnings from trading are subject to Tax Audit? Let....

Last date for filing of online application for empanelment of Chartered Accountant firms/LLPs for the year 2022-2023 has been extended upto 22 February 2022. Share on: WhatsApp

FINAL MEF Panel for 2021-22 HAS BEEN RELEASED ✍️ Kindly Check Your Firm RBI Category/UCN for discrepancy, if any, as below:- 🎯Online MEF Link: https://app.meficai.org/panel Share on: WhatsApp

CBIC made E-invoice under GST mandatory for registered persons having aggregate turnover above ₹20 crore in any of the previous years from 2017-18 till 2021-22 with effect from 01st April, 2022. The existing limit of ₹50 crores has been reduced to ₹20 crores vide Notification No. 01/2022 – Central Tax issued on 24th February, 2022.....

Date  GST Return & Payments 10.03.22  Monthly GSTR 7 for Feb 2022 (TDS deductor) 10.03.22  Monthly GSTR 8 for Feb 2022 (TCS collector) 11.03.22  Monthly GSTR 1 for Feb 2022 13.03.22  Invoice Furnishing Facility for Feb 2022 (QRMP Scheme) 13.03.22  Monthly GSTR 6 for Feb 2022 (Input service distributor) 20.03.22  Monthly GSTR 3B for Feb....

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