CBDT has released Form Sahaj (ITR-4) for A.Y. 2020-21 format for Assessment Year 2020-21 i.e. for Financial year 2019-20 vide Notification No. 01/2020-Income Tax dated 3rd January, 2020 Sahaj (ITR-4) for A.Y. 2020-21 is applicable For Individuals, HUFs and Firms (other than LLP) being a resident having total income upto Rs.50 lakh, one house property […]
CBDT has released Form Sahaj (ITR-1) for A.Y. 2020-21 format for Assessment Year 2020-21 i.e. for Financial year 2019-20 vide Notification No. 01/2020-Income Tax dated 3rd January, 2020 Sahaj (ITR-1) for A.Y. 2020-21 is applicable For individuals being a resident (other than not ordinarily resident) having total income upto Rs.50 lakh, having Income from Salaries, […]
GSTIN is a 15 digit unique code which is assigned to each taxpayer, which will be State-wise and PAN-based. The first 2 digits of GSTIN can range from 01-35 and indicate the state code for the registration as per the Indian Census of 2011. The next 10 digits are the PAN number of the GST […]
With effect from 1st December, 2019, the Rules of Ministry of Corporate Affairs (“MCA”) on maintenance of data bank of Independent Directors and registration on it by the Independent Directors, have become effective. Please find attached, Data that is required to be submitted by Independent Directors while registering on IICA website https://www.independentdirectorsdatabank.in/ ( Data , as sought […]
The file contains GSTR 3B Computation in MS Excel with following functionality: 1. Optimum utilization of Input tax credit is automatically calculated. (Section 49A read with Rule 88A which requires IGST to be setoff first with IGST liability, if any balance is left out then IGST Credit has to be ustilized before use of CGST […]
Format of No Objection Certificate Letter required at the time of AICITSS (AIT/MCS) Training. File is attached for reference. TO WHOMSOEVR IT MAY CONCERN NO OBJECTION CERTIFICATE This is to confirm that I, the undersigned do not have any objection for the below mentioned articled assistant to undergo the AICITSS (AIT/MCS) Course in the time […]
This presentation is based on my first hand experience in income tax assessments over past 3 years. I have tried to explain in brief as to what transpired at ground level in each case without use of much of jargon.
Please find attached herewith an Excel Utility to check the Interest u/s. 234A, 234B and 234C of Income Tax Act, 1961. It’s a utility in which you need to enter very few details in just 2 minutes and you will get instantly a detailed report with descriptions as to how the interest under above mentioned sections are calculated. Hence, in 2 minutes, the calculation can be done which otherwise would have consumed your plenty of time.
Industrial Subsidy and Incentive available for Manufacturing units in Gujarat and Maharashtra This PPT contains various Industrial subsidy and Incentives available for various manufacturing units in Gujarat and Maharashtra. Following schemes are covered in PPT: Maharashtra Package Scheme Of Incentive Gujarat Industrial Policy – 2015 – Incentive To Industry Women Entrepreneur Subsidy Scheme – Maharashtra […]
Biggest reason for non-filing of GSTR 9, 9A and 9 C is the complexity of these forms and asking for data which was not captured during the concerned period. Ahilya Chamber of Commerce and Industry, Indore has compiled a simplified Annual Return (Combined Form 9 and 9C) with the perspective of traders. and taking care […]
