ANNOUNCEMENT Clarification with regard to Chartered Accountants in Practice/Firms of Chartered Accountants registering themselves on GeM (Government e- marketplace) Portal As the members are aware, Government of India has mandated procurement of goods and services by Government Department/organisations through GeM (Government e- marketplace) portal. The Institute has been receiving queries as to whether Chartered Accountants....
Share on: WhatsApp
Delhi : The government on Saturday said the second phase of mandatory hallmarking of gold jewellery and artefacts will come into force from June 1 this year. Gold hallmarking is a purity certification of the precious metal and was voluntary in nature till June 16, 2021, when the government decided to implement mandatory gold hallmarking in....
Delhi : The Income Tax department has notified a new form for filing updated I-T returns in which taxpayers will have to give the exact reason for filing it along with the amount of income to be offered to tax. The new form (ITR-U) will be available to taxpayers for filing updated income tax returns for....
The CBDT has notified a new form for filing updated Income Tax returns in which taxpayers will have to give the exact reason for filing it along with the amount of income to be offered to tax. Commence from which Financial Year The return has to be filed Under Section 139(8A) relating to the Assessment....
Coverage Under Composition Scheme for E-Commerce Transactions Under the GST law, there is a simplified composition scheme for smaller taxpayers that offers the benefit of a flat GST rate with minimum documentation and compliance requirements. The Finance Bill proposes to also extend the Composition Scheme benefits to persons who are supplying goods through specified e-commerce....
Extension of Time for filing of 45 company e-Forms and PAS-03 in MCA 21 Version 3.0 without additional fee Due to change in way of filing in Version-3, including fresh process of registration of users on MCA-21 and process of stabilization of 45 forms launched with effect from 23.01.2023, and after considering various representations, in....
EXECUTIVE SUMMARY • Reduction in Highest tax rates on the individuals • Income tax slab optimization • Easing out the compliance burden • Upgrading airports • Taxing primary investments by non-residents • Make in India • Green energy • Setting up a national financial registry • Support to electric vehicle industry • Funds for agriculture....
Age is not an excuse when it comes to Income Tax Return (ITR) filing. Not many taxpayers are aware that children/minors are also required to pay taxes and file returns if they are making some income. But there are some conditions and exceptions. More than 4800 minors aged below 18 years filed their ITR in....
We have been receiving questions about the Union Budget 2023. Hence, we have collated all the information for you in the form of FAQs What are some of the major updates in the new tax regime post Budget 2023? 01. The basic exemption amount has been increased from Rs 2.5 lakh to Rs 3 lakh....
