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The income tax department has recently shared 3 official email IDs for the betterment of grievances redressal under the Faceless Assessment Scheme notified by the government in the earlier phases. This email ID will be the connecting point for all the taxpayers who have any grievance related issues in the tax assessment or the penalty […]
GST PMT 06 has been a popular way of tax-paying in registered taxpayers for one month after bearing in mind the availability of input tax credit completely that may be a straightforward administration on own of the second and third month in which additional input tax credit amount available compared with the tax liability going […]
Under section 147 of the Income Tax Department, The Income Tax Department is empowered to reassess an individual’s previous/privately filed income tax returns. The assessing officer possesses the power to pick the income tax return for the reassessment keeping in consideration some predefined criteria by sending the notice under section 148 for the purpose of […]
Form 26QB (Challan-cum Statement) Under TDS To begin with, Form 26QB (Challan-cum Statement) has a twin-fold objective that is synonymous with the two blades of a single scissor – It is both a return as well as challan form for the deductions that have been made u/s 194 of the Income Tax Act, 1961 for […]
AOC 4 is an E-form that companies need to file on a yearly basis to file their financial statement and other documents with the ROC. Every registered company is compulsorily required to File AOC 4 for the end of the financial year. The generated AOC 4 has to be submitted by the company within 30 […]
What is TDS (Tax Deducted at Source)? The objective of levying Tax Deducted at Source is to collect the tax from the point or source where the income is generated. The tax is deducted by the payer in advance from the amount payable to the income receiver, and the same is deposited in the account […]
The recently launched income tax portal 2.0 has now a new feature to add an e-Return Intermediary (ERI), chartered accountant, or a selected authorized executive representative to assist the ITR filing for the clients. e-Return Intermediary (ERI) & It’s Working The whole purpose to appoint ERIs is to make them intermediary between client and income […]
In a customer-centric approach, the world’s biggest e-commerce company Amazon has now rolled out the facility of “Bill to Ship” which is basically providing GST credit from across the states even if the Amazon Business customer had only one GSTIN in a single state. This move has been taken to offer a better indirect office […]
Managing Employee Data and information should be both effective and efficient along with being accurate. Gen Payroll gives a feel as if it is everywhere and nowhere at the same time. Yes, Gen payroll software is here, but not everyone has it, and many users are not sure how to proceed with it. Gen HR […]