Overlapping deadlines for MCA, tax audits, and GST filings are creating difficulties for professionals, leading to late fees and client dissatisfaction.
Explore the challenges faced by professionals with government websites – from tax discrepancies to MCA incorporation delays. Is the government truly facilitating ease of business or adding to professional frustrations? Dive into the intricacies with S P Babuta & Associates.
Our Government is trying to make income tax portal user friendly but untimely changes brought on the portal has made the professionals’ work more difficult as the portal is still not functional completely. Updations and changes are always welcome and appreciable by the users, if it is timely. When change is in our hands and […]
Quarterly Returns with Monthly Payment (QRMP) Scheme The Central Board of Indirect Taxes & Customs (CBIC) introduced Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme under Goods and Services Tax (GST) to help the taxpayers having turnover less than Rs. 5 crores. The QRMP scheme allows the taxpayers to file GSTR-3B on a […]
Dont get confused! Stay updated with the latest income tax return due dates. Know how the extended dates can affect you as a taxpayer.
The water mark printed on the ITR V in English states Income Tax Department and in Hindi it states ‘KOSH MULO DAND‘. If translate income tax department in Hindi it will be AYAKAR VIBHAG and translation of ‘KOSH MULO DAND’ in Layman Language is as follows :- KOSH – Fund MULO – Principal / Main DAND – […]
The Goods and Services Tax (GST) Council headed by the honourable Finance Minister Smt Nirmala Sitharaman announced ‘waiver of late fees‘ on 12th June 2020, in case of delay in filing of GSTR-3B for the period between July 2017 to January 2020 with details as given below: GSTR -3B STATUS OF RETURN (July 2017 to […]
Ensure a flawless income tax return process with these essential steps. Track the status of your return until it’s successfully processed and claimed refund is received.
Rupali and Bhavi* A significant step has been taken by the Government of India with an objective of achieving ‘Sabka saath, Sabka Vikas and Sabka Vishwas’ and proposed decriminalization of several economic offences including the offence of dishonour of cheque under Section 138 of the Negotiable Instruments Act, 1881. This section ensures that obligations undertaken […]
The ministry of corporate affairs has introduced a new eform spice + to incorporate a company and claims it is very easy procedure. Whether it is really so, Let’s examine it from various points of views: submission of forms: The form is divided into two parts:- Part A : for reservation of name. Part B: […]
