Explore the old vs. new tax regime in India and determine which one is better for you. Understand the income tax slab rates, deductions, and exemptions under each regime. Make an informed decision for the financial year 2023-24.
Decoding recent Income Tax Notices on alleged bogus donations and cash deposits. Understand the implications, response options, and consequences.
The complainants in their complaint have inter-alia alleged that the Company and its officers in default have accepted money on private placement basis in contravention of provisions of section 42 of the Companies Act, 2013 and Rules made there under.
Explore the nuances of Capital Gain Tax Exemption on jointly owned property in India. Understand statutory provisions under Section 54 and Section 54F, judicial pronouncements, and salient features for tax-savvy property transactions. Stay informed to optimize your tax benefits.
This article is written with the objective to reduce the fear of dealers and assist them in handling GST Scrutiny/Assessment. I believe and wish that after going through this article you will be well prepared for handling authorities by responding to their queries swiftly with relevant information and documents.
Finance Minister directed CBIC to introduce its automated GST return scrutiny by next week and to implement an action plan to increase the taxpayer base through enhanced use of technology.
New facility to verify document Reference Number (RFN) mentioned on offline communications issued by State GST authorities 1. The GST portal (“System”) generates various documents, such as notices/ orders, etc which are communicated to the taxpayer. Most such documents have a system-generated unique identifier DIN (Document Identification Number)/ RFN (Reference Number). These documents, by virtue […]
Change made in Composition restriction table – Message table containing HSN wise list of items restricted for availing compositing scheme has been updated in registration application on portal
NFRA imposes penalty of Two Lakhs on CA Narayan Prasad Swami who was Engagement Partner for the statutory audit of Women Next Loungeries Ltd for Financial Year 2017-18 for Audit failures and also debarred him for two years from being appointed as an auditor or internal auditor or from undertaking any audit in respect of […]
1. The last date to apply for a higher pension from the Employees’ Pension Scheme (EPS) is fast approaching. An eligible employee can apply for a higher EPS pension till May 3, 2023. 2. The EPFO vide circular dated 23.04.2023 clarified that in cases where the submitted information is not complete or seems erroneous or […]
