Revocation of GST Registration Cancellation by 30th June 2023: The GST council, comprising finance ministers of Centre and States, in its previous meeting in February, recommended that for such GST taxpayers whose registration has been cancelled for non-filing of returns be given amnesty by allowing...
Mandatory Audit Trail in Accounting Software The Companies (Accounts) Rules, 2014 & Companies (Audit and Auditors) Rules 2014 had been amended in 2021 to provide that all Companies shall mandatorily with effect from 1st April 2023 ensure that the accounting software used for maintenance of Books...
Filing of Income Tax Return for FY 2017-18 i.e. AY 2018-19 Kindly note that for Salaried/Non-Corporate Assessee whose accounts are not required to be audited, the last date of filing Income Tax Return is 31st July, 2018. and for Company Assessee or Assessee required to undergo audit under income tax...
From this year the flexibility in filing tax returns has reduced. Now, if you don’t file the return for financial year 2016-17 by 31 March, you may face scrutiny and penalty If you are among those taxpayers who have not yet filed their income tax return (ITR) for the financial year 2016-17, or the...
Find out how small businesses, entrepreneurs and self-employed can GST ready In the five years she has been running a small business of gift packaging, Samiksha Dhingra has not felt the need to apply for a sales tax number. But this will soon change because Dhingra plans to take her business online....
Income Disclosure Scheme – Effective Tax Rate is 45% only (not 31%) Effective Tax Rate is 45% only (not 31%) under Income Disclosure Scheme 2016 CBDT has clarified in Q No. 6 of Circular 27 of 2016 dated 14th July 2016 that the tax rate will be 45% only and tax has to be paid […]
Court dismisses charges against Sony, after it is revealed Ricky Martin was coerced in giving false statement against Sony Music (India) Ltd by IT Department officials Officials of the Income Tax department have been left red-faced because of a letter written by Latin singer Ricky Martin, in which h...
The Special Judge, CBI Cases, Dehradun has today convicted Shri Dinesh Kumar, then Income Tax Officer, Pithoragarh (Uttarakhand) in a bribery case and sentenced him to undergo seven years Rigorous Imprisonment with fine of Rs.1.5 lakh. CBI had registered a case on the allegations that Shri Dinesh Ku...
President Pranab Mukherjee has given his assent to the Finance Bill, 2015, which was notified on Tuesday. The finance ministry on Tuesday notified increasing service tax from current 12.36% to 14% with effect from 1st June 2015 (Notification No. 14/2015-ST dated 19th May, 2015). This will make a h...
Kindly note that the due date for filing form e-704 has been extended up to 30th January 2015 from 15th January 2015.
