Reduction of time limit for verification of Income Tax Return
Reduction of time limit for verification of Income Tax Return (ITR) from within 120 days to 30 days of transmitting the data […]
Buy an Electric Vehicle and Claim Exemption under Income Tax Act
To promote electric vehicles and also to tackle the increasing pollution the Government announced an incentive by claiming deduction in the Income […]
Important Changes in GST w.e.f July 18, 2022
Earlier, there was exemption from GST on Unbranded or Branded Commodities where right on the brand has been foregone which has been […]
New Table in GSTR-3B for reporting supplies notified u/s 9(5
As per Section 9(5) of CGST Act, Electronic Commerce Operator (ECO) is required to pay tax onsupply of services such as Passenger […]
Increase in GST: Products and Services that are going to be Expensive from 18th July 2022
In the Recent Meeting of GST Council GST Rates of some products and Services has been revised Customers will have pay more […]
What is Updated Return u/s 139(8A) and Who can file it ?
Applicability/Eligibility to file the Updated Return Omission or error in filing the original return/ Belated return/Revised return. And such omission or error […]
What is income tax Return and What are the benefits of ITR for individual ?
What is Income Tax Return? ITR or Income Tax Return is the form that a person submits to the Income-tax department of […]
Process for Conversion of Private Limited Company into a Public Limited Company
Benefits: A private Limited Company can have only maximum 200 members, whereas Public company do not have any limitation on maximum numbers […]
1. 65 Lakh+ Companies Registered in FY 2021-22
During the Financial Year 2021-22, Ministry of Corporate Affairs (MCA) registered more than 1.67 Lakh companies which is 0.22 Lakh more as […]
TDS on transfer of Virtual Digital Assets
In the Finance Act 2022, a new TDS section 194S, has been inserted in the Income Tax Act, and which has been […]
How to Start Export Business?
Before starting an export business, one must have a product/ service that can be sold to the customers. And should do R&D […]
Social Media Influencers And Doctors Will Have To Pay 10% TDS For Promotion Of Products
The Union Budget has introduced a new Section 194R into the Income-Tax (I-T) Act, 1961. According to it, TDS of 10 percent must […]