Financial year 2022-23 is about to end, & new financial year is about to start. How should a taxpayer prepare himself for this year’s march ending?
Government has introduced a scheme to solve disputes between Maharashtra government and taxpayers. Amnesty Scheme will be called as ‘Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2023’.
Discover the colorful updates in GST & Income Tax this Holi! From GST Amnesty schemes to new tax regimes, understand the hues of joy & worry for taxpayers.
Every Year, CBDT notifies new ITR-1 to ITR-7which are consequential to the amendments made in the Finance Act and Other Laws, and taxpayer should know about the changes in ITR forms as compared to previous year forms.
GST Council Meeting held on 18th February 2023 recommended various GST amnesty schemes and certain changes in tax rates along with rationalization in Late Fees for Annual return were also proposed.
Previously we had discussed about what is digital rupee and how it is going to work, but how do you think the government and RBI will bring this dream of Digital Rupee to reality?
Old and new scheme applies to Individuals and HUF. In the old scheme, the taxpayer can claim deductions of Section 80C, and 80D and deductions under other sections like Interest paid on Housing Loans, LIC Premium Paid, PPF Contribution etc.
Government has proposed to add a new clause to section 43B which will allow deductions of payment to MSME only if payment is made within timeline specified in MSMED Act.
Mrs Nirmala Sitharaman will be declaring the Finance Budget of 2023-24 on 01st February in the Lok Sabha. Everyone is excited about the Budget. But Krishna, it is said that everyone must live within their budget, why so?
Krishna, everyone around the nation enjoyed a lot on the day of Makar Sankranti, flying high their kites and cutting the ones of their friends and others. From children to elderly, everyone was seen having fun flying their Kites. Krishna, how high do you think the Taxpayers Kite will fly this year?
