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One-time Opportunity to submit ITR for FY 2019-20 & FY 2020-21

March 16, 2023 30360 Views 1 comment Print

Discover the one-time opportunity to submit your Income Tax Return (ITR) for FY 2019-20 & FY 2020-21 now. Learn about the ITR-U form and updated deadlines.

Practical Implication of amendment relating to MSME – Section 43B deduction only on payment basis

March 4, 2023 12294 Views 2 comments Print

MSME means Micro, Small and Medium Enterprises. It has been governed by MSMED Act, 2006. Based on the Investment made by the enterprise in the P&M / Equipment and their turnover they have been classified into Micro, Small and Medium Enterprises. Below is the Revised MSME Classification.

Major amendments in Budget 2023 relating to Capital Gains

March 1, 2023 15771 Views 1 comment Print

Learn about the major amendments in Budget 2023 related to Capital Gains, including changes affecting Residential House Property, Gold, and Market Linked Debentures.

Pros and Cons for switching to new tax regime

February 25, 2023 12195 Views 0 comment Print

Budget 2023s new tax regime: A mix of flexibility and choice with potential for reduced savings. Understand the benefits and drawbacks before deciding.

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