Vide Notification No. 31/2021-Income-tax Dated 5th April, 2021 CBDT notifies amendment in Rule 10DA which deals with Maintenance and furnishing of information and document by certain person under section 92D, Rule 10DB which deals with Furnishing of Report in respect of an International Group & Form No. 3CEAB which is Intimation by a designated constituent […]
Every time we hear about the word Intellectual property, we should just look around and observe that there are hundreds of things around us which are inventions, creations of minds and whose origin can be traced back from to ancient use of stamps, design on flags for identifying the troops to today’s global world. But […]
This is a user-friendly list of some of the important HSN codes which can be searched in English, Hindi and Roman. You can save it on your Laptop or Desktop and search the required HSN very easily. We have compiled these HSN very carefully but still needs improvement. There may be some errors or some […]
Financial year 2021 – 2022 had just begun. As usual we are not keen to invest at the beginning of the financial year. Every year in December or most of us were get up in January or February to check on their investment to save tax. Whatever your objective of investment either to save tax […]
Article explains E Invoicing Meaning, Applicability of E Invoicing under GST, Mandatory field in E invoicing, List of Websites to raise an E invoice, How to Generate E Invoice under GST Using Offline Tool and Using GSPs (GST Suvidha Providers). E Invoicing Meaning: ‘e-Invoicing’ or ‘electronic invoicing’ is a system in which B2B invoices are […]
Hello readers, Today I will discuss key changes in ITR Forms for A.Y 2021-22 in simplified form- ♦ Regarding changes in ITR-1- ITR-1 cannot be filed in case tax has been deducted u/s 194N Now what is Section 194N-TDS u/s 194N is required to be deducted if amount of cash withdrawn exceeds – Exceeds Rs […]
New financial year has begun and with this certain new income tax rules have come into effect. Let us discuss the changes applicable to individual tax payers related to Option to choose from Two tax regimes, Reduced period for filing the belated ITR or for revising your filed ITR, Inclusion of dividend income in ITR […]
Are you struggling to reconcile GSTR 2B with the books? With recent changes in GST, GTSR 2B is implemented to ensure transparency of credits availed by the dealer. GSTR 2B, along with it brings some complexities. Read the following article where such issues are addressed. Before we start with the possibilities & possible solutions, please […]
Disclosure about audit trail by Auditor in their Audit Report starting from 01.04.2022 instead of earlier 01.04.2021. In exercise of the powers conferred by sections 139, 143, 147 and 148 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013, the Ministry of Corporate Affairs (MCA) on 1st April, 2021 notified Companies […]
MSME stands for Micro, Small and Medium Enterprises. A country’s actual economic growth in not just dependent on its large scale industries and multi- national organizations but also on its medium level industries and most importantly on its small scale businesses. The Ministry of Micro Small and Medium Enterprises has provided a suitable name for […]
