Evolution of AI in Accounting & Auditing AI and expert systems have moved from experimental concepts (1980s) to widely accepted tools in accounting. Major global CPA firms use AI for internal audits, consulting, fraud detection, risk scoring, and analysis. AI supports knowledge preservation, faster decision-making, and automation of complex audit tasks. Expert Systems in Accounting …
Capital Gains arise from sale of TDR or FSI in Redevelopment is taxable after April 2023 Earlier Income tax Situations Redevelopment of residential housing societies is normally carried out generally via few Developers. Earlier Income tax Stand: No capital gains tax on sale of Transferable Development Rights (TDR) in absence of cost of acquisition In …
Maharashtra Amnesty Scheme 2023 for Maharashtra GST Dept announced As part of Maharashtra Budget announcements, the Maharashtra govt on March 9 announced a ‘Amnesty scheme ‘ known as ‘Maharashtra Amnesty Scheme of Arrears of Tax, Interest, Penalty or Late Fee , In Budget speech, it is important to note, This New Amnesty Scheme, i.e Maharashtra …
Creative Professionals Guide to Bookkeeping: Basics of Bookkeeping Due to the rise in internet users, creative workers are in high demand across a variety of businesses. Their range of interacting with various businesses and the amount of money they trade are constantly expanding. One of the most important accounting tasks for every organisation that keeps …
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: …