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Definition of an ITR XML File The XML format is a file format which allows you to upload information more easily when you convert offline forms into them. Data will be easily uploaded to the ITD’s online repository after the XML file has been uploaded. Required Legal Documents for the ITR Filing The first thing […]
GSTR 4 return filing has to be done on the GST portal along with the JSON file which is thoroughly checked by the system. It is a very complex method to find out all the issues related to the JSON file validation. There are certain points which has to be checked while uploading the JSON […]
GSTR 1 is filed by all the registered taxpayers under goods and services tax. It includes all the sales returns (outwards supplies) of the business firm. It is mandatory to file GSTR 1 return by every taxpayer and has to file accurate data in the return filing. Gen GST software becomes the solution for all […]
The Income Tax Department has introduced an updated Excel-based feature for submitting Income Tax Returns (ITR). This utility covers various forms from ITR-1 to ITR-7 and is specifically designed to meet the diverse filing requirements of taxpayers for the Financial Year 2022-23, corresponding to the AY 2023-24. ITR 1: This form is for resident individuals […]
Advisory No. 605 has been issued by The GSTN dated October 3, 2023, and announced the availability of the e-Invoice JSON download feature on the GST e-Invoice Portal. It is very exciting news for all taxpayers that the GST e-Invoice JSON download functionality is now live on the GST Portal. To help you make the […]
The Income Tax Department has marked a new milestone as more than 6 crore Income Tax Returns (ITR) had been filed as of 30th July 2023. Almost 26.76 lakh ITRs have been submitted as of 6:30 p.m. on 30th July. The last date for filing the ITR is today 31st July 2023. According to the […]
For every person in India filing the ITR would be an important obligation that counted beneath the taxable income brackets. It will be known to ensure compliance with the law including that it indeed assists the person to keep the transparency in financials and contribute to the progress of the nation. However, given its complexity […]
The JSON Schema for ITR-1 and ITR-4 for the fiscal year 2022-23 or Assessment Year 2023-2024 would have been released by the income tax department. ITR-1 would subject to be applied for individuals being a resident (apart from those not ordinarily resident) securing a total income up to Rs.50 lakh, carrying Income from Salaries, one […]
Simple Definition of Tax Audit Report In certain specified situations, a business or profession may be subject to a tax audit under Section 44AB of the Income Tax Act. Chartered Accountants prepare audit reports after auditing businesses’ books of accounts in practice. In a Tax Audit, a CA ensures that the books of accounts are […]
