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What is MCA LLP Form 8 MCA form LLP 8 or statement of account and solvency composes a filing which should be furnished every year by all limited Liability Partnerships (LLPs) enrolled in India. No matter whatever the turnover of the LLP is, Form 8 must be filed with the Ministry of Corporate. Due Date […]
What is an Online e-Dispute Resolution Scheme(e-DRS)? The Central Board of Direct Taxes reported the e-Dispute Resolution scheme, 2022 to settle tax disputes. Under section 245MA in the Income-tax Act, 1961 (hereinafter directed to as “the Act”), the Central Board of Direct Taxes (CBDT) notified the e-Dispute Resolution Scheme, 2022 (e-DRS) to decrease litigation and […]
Did you not confident about the complicated laws? Finance concerns and related things are just hard to record at the fingertips as there are so many external things that are engaged in it. This article is related to the subject of GST. You would simply compute the GST in our country. What Do You Mean […]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) ruled that Tax Deducted at Source (TDS) is not suitable to commission for professional service by a Nonresident. The petitioner M/s. IRunway India Private Limited poses a business of furnishing the technology, consulting, and litigation assistance services with a focus on the intellectual property domain, especially […]
Effective use of the new technology and tight compliances on the ITC by taxmen is not only assisted you to ensure the increased compliance but indeed results in a constant rise in the GST collections on a month-on-month (MoM) grounds. As per CBIC on the scrutiny of returns and the reduction in the e-invoicing limit […]
Industry associations IndiaTech.org, ADIF, and Nasscom have advised the government to reduce the GST compliance load on the small online sellers. They mentioned that various micro, small and medium enterprises (MSMEs) have fear concerning the transition to the online marketplace because of cumbersome tax compliances beneath the GST law. It opposes the MSMEs from approaching […]
Presumptive scheme beneath the income tax is a popular policy which is been used by businesses and professionals. The same scheme diminishes the load of the income tax provisions on micro and small businesses and professionals. The presumptive tax scheme for the mentioned professionals was made in 2016. The presumptive taxation scheme permits the assessee […]
Some important GST work would need to be done as the end of the financial year has been arrived which entails some essential ramifications. The GST chores to be completed have been classified as: A. Related to Tax Compliance B. Related to GST Input Tax C. Related to Reconciliation D. Related to Law A. Tax […]
In a recent order by the Agra bench of the ITAT, it was clarified that the failure to file TDS/TCS return prior to 1st June 2015 will not lead to a late fee penalty under section 234E of the IT Act, 1961. The IT Act Section 234E says that a late fee of Rs. 200 […]
