Latest Tax News & Updates

Who can use the designation of Charted Accountant or designatory letters as CA. ||Who can use the designation of Charted Accountant

Who can use the designation of Charted Accountant or designatory letters as CA. According to Section 7 of the Chartered…

6 years ago

Income Tax and GST/Indirect Tax Compliance Matters Due Date Extended || Chart of Extended Important Due Date

Finance Minister announces several relief measures relating to Income Tax and GST/Indirect Tax compliance matters across Sectors in view of…

6 years ago

What books of account have been prescribed to be maintained by a person carrying on business/profession under the Income tax Act 1961? ||

The Income-tax Act 1961 does not prescribe any specific books of account for a person engaged in business or in…

6 years ago

GST Return Due Dates to February 2020

Date  Particular 31st March 2020 GST GSTR 9 - All tax payers except for Composition Dealer and CTP/ISD/TDS/NRTP GST GSTR…

6 years ago

Eligibility and conditions for taking input tax credit with Protocol and Example to avail and utilise the Input tax credit

The protocol to avail and utilise the Input tax credit of these taxes is as follows: Credit of (CGST/SGST/UTGST/IGST) To…

6 years ago

GST TRAN-1 Last Date further Extended ||CBIC Order No. 1/2020 GST dt. 7th Feb-2020

TRAN-1 Submission Deadline Further Extended up to 31st March 2020 in certain cases.: CBIC Order No. 1/2020 GST dt. 7th…

6 years ago

Due Return dates for Compliances under GST month of January/February-2020

Due dates for Compliances under GST Date  Particular   GSTR 9 –ALL registered persons having an aggregate turnover of more…

6 years ago

Tax audit turnover threshold limit increased-Amendment of section 44AB. ||Amend in Due date of furnishing Tax report -Amendment of section 139.||TDS/TCS Deduction limit

Tax audit turnover threshold limit increased to 5 crores Rupees for business (Amendment of section 44AB of the Act).  (A)…

6 years ago

What are the specified financial transactions in which quoting of PAN (Permanent Account Number) is mandatory?

What are the specified financial transactions in which quoting of PAN is mandatory? Rule 114B of Income tax rule -…

6 years ago

Key Highlights of Budget 2020 (Announcements) with copy of Union Budget

Key Highlights of Budget 2020 (Announcements) Budget Income Tax Announcements Income Tax Rate 10% income tax rate for Income between…

6 years ago