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Company Auditor’s Report Order (CARO) is the list of reporting requirements that are needed from the Auditor who audits a company/business. Ministry of Corporate Affairs (MCA) has issued Company Auditor’s Report Order (CARO) 2020 An order named Companies ( Auditor’s Report ) Order, 2020 has been released by the Ministry of Corporate Affairs (MCA). Read […]
Introduction of Traces New Form 26AS (Annual Statement) The Income Tax Department of India is required to upload annual statements in new form 26AS containing the details of Tax Credits in the account of a taxpayer as per the records of the department. It is mandatory to prepare traces of Form 26AS under Rule 114I […]
The Ministry of Defence on Tuesday has directed the Principal Controller of Defence Accounts (PCDA) to stop deducting income tax from those pensioners affected by disability and withdraw the contentious circular issued to that effect. The ministry stated in the order that, “In view of the directions of the Supreme Court, PCDA(P), Allahabad may be […]
The new indirect tax, GST (Goods and Services Tax), has been in the economy for more than two and a half years now. It was launched claiming that its implementation will be beneficial for the economy and will bring smoothness in the process of tax payments, but the micro, small and medium scale industries (MSMEs) […]
What is GSTR 9? GSTR 9 is filed mentioning the complete information of the transactions done by the taxpayer in a particular Financial year. The form is a consolidated annual form and has details of the inward and outward supplies made/received by the taxpayer in the previous year under tax heads like CGST, SGST, IGST […]
The government is ready to solve all the queries regarding the GST registration and in relevance, there will be a webinar conducted on the topic of GST registration. Titled with the ‘MyGov Samvaad, this sixth webinar will considered all the questions and topics related to the GST registration. As already know by the name My […]
The details about the GST rate on the sale of the printing press are provided here. You will get all the up-to-date information, changes and notifications in this post. But before knowing the GST rates we need to know about the meaning and definition of Job Work. 19th September 2022 Meaning and Definition of Job […]
Non-payment of the property of house tax has serious consequences. It can lead to a penalty legal consequences or both. It can also cause serious trouble if you sell the property later. The department recently said that they are planning to seize the property and valuables of the property tax defaulters. On 20th February, Sangita […]
On Tuesday, 3rd March 2020, a parliamentary panel proposed a reduction in GST rates for the Automobile Sector of the country. It recommended that the GST rates imposed should be reduced at least until the Automobile Sector revives in full. It also said that uniform road taxes What is One Nation One Road Tax? One […]
