Why outsourcing your Bookkeeping Services will Save your cost? Although though bookkeeping is a crucial component of every organisation, many MSME companies find it difficult to operate efficiently. Despite the numerous issues that businesses have with bookkeeping, one of the main problems is the cost involved. This has an impact on the company’ overall accounting …
What are the essential Bookkeeper Skills to be Consider manage the financial? Bookkeepers are responsible to effectively maintain the company’s financial records. Every business firm needs bookkeeping and accounting, so business are expected to have a broad range of skills. Check out a few necessary abilities if you’re thinking about pursuing a job as a …
Process of submission of Form 10A at New e-filing portal CBDT compulsory all the non-governmental organization or institutions/ trust/societies/ fund/ hospitals registered NGO U/s 12A and Sec 80G or Sec 12AA to be taken fresh Income tax registration in the specified format U/s 10(23C). The non-governmental organization applicant needs to make an application in Income tax Form 10A with …
Point to be taken care while filling Online Income Tax E-filing Confirm that the pre-filled details are correct by verifying PAN, permanent address, contact information, bank account information, etc. Find the appropriate return for you (from ITR-1 to ITR-7). Provide all pertinent information in the return, including the total amount of income, any deductions, any …
Taxation Compliance Calendar for the Month of March 2023 Income Tax Related Compliance DATE FOR THE PERIOD PARTICULAR 02-03-2023 Jan 2023 Timeline for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA/ 194-IB/ 194M 07-03-2023 Feb 2023 Payment of Tax deduction at source / Tax collected at source by Govt. offices 15-03-2023 …
How to make payment of Excise/ Service Tax in case of Appeal filing Step-1 : initially we needed to Go to https://cbic-gst.gov.in/index.html Step-2 : Click on ACES( CE&ST)——– à ACES( CE&ST)Login Step-3 : Enter old credentials of Service Tax/ Excise for Login Step 4 : Go to E payment option in Menu Tab Step-5: …
49th GST council meeting – Proposed GST Amnesty Scheme : Goods and Services Council held its 49th Goods and Services Council Meeting at New Delhi on 18th Feb 2023 which was chaired by Nirmala Sitharaman -Finance Minister. What was the agenda of the 49th GST council meeting? Goods and Services Council Meeting held on 18th February 2023 recommended various Goods …
Normal GST Tax Evasion instances observed during the GST law Fake invoices with fake GST number raised to collect Goods and services tax, but not deposited with government. Making sales of services to GST registered persons not in line of same business, and thereby transfer the balance/unutilized Input tax credit and receive cash against the …
TAX REGIME AFTER BUDGET 2023 Major Direct tax proposals (from speech) 1. Rollout of next gen ITR form 2. New limit for 44AD & ADA : 3 crore & 75 Lacs 3. Expense deduction to MSME to be allowed on payment basis 4. New cooperatives manufacturing tax @ 15% if upto 31.03.24 5. Higher loan …
Consolidated Financial Statement (a part of Financial Statement) Financial Statement A. The financial statement, including consolidated financial statement, if any, shall be approved by the Board of Directors before they are signed on behalf of the Board at least by the following: Chairmen of the company,or, By two directors out of which one shall be managing …