Year: 2023
Govt providing free online Aadhaar card update service
Indian Govt providing free online Aadhaar card update service: How it works? According to Unique Identification Authority of India, the myAadhaar portal offers the free Aadhaar updating service. To revalidate their demographic information, the UIDAI has been urging residents to upload PoI/PoA (Proof of Identification and Proof of Address) documents. UIDAI has decided to allow …
Procedure for Winding up of LLP
Winding up of LLP An LLP can be wound up in one of two ways: voluntarily by the members or compulsorily by a Tribunal. A Limited Liability Partnership must approve a resolution to close the LLP, which requires the consent of three-quarters of the total number of partners. If an LLP has lenders, the lenders’ …
Types of ITR Form and ITR Form Applicability
TYPES OF ITR AND THEIR APPLICABILITY ITR 1 This form is applicable to individuals who are residents and have total income of up to Rs 50 lakh constituting Income from Salary, one house property, income from other sources (including family pension and interest income), and income from agricultural activities maximum up to Rs 5000. ITR …
Overview on AIS & Statement Form No. 26AS
Overview on AIS (Annual Information Statement) (earlier Form No. 26AS) Tax Dept has issue a new statement which call Annual Information Statement(AIS) It is earlier known as Form No. 26AS. Originally, the detail of TDS, TCS & Advance Tax are contained by Form No. 26AS. But, Scope has been relevance subsequently to disclose details & …
Is Digital Currency different from Virtual Digital Assets?
How are Digital Currency different from Virtual Digital Assets? Even if it is a crypto, a currency is only a currency if it is issued by a central bank. Conversely, anything outside of that is referred to as cryptocurrency by everyone, although it is not a currency. These are known as Virtual Digital Assets. Indian …
Is Accounting Outsourcing Services Increase Profitability?
Is Accounting Outsourcing Services Increase Our Profitability? Use finance and outsourcing accounting services to save expenses, boost profits, and more effectively adhere to regulations. Using a third-party F&A service allows you to concentrate on managing your business while gaining the advantages of a higher return on investment (ROI). Outsourcing finance and accounting services is the …
Consequences if Aadhaar with PAN not link till 31.03.2023
Consequences When Aadhaar with PAN does not link till 31st March 2023 What will be the consequences if I do not link Aadhaar with PAN till 31st March 2023.. Your Permanent Account Number will become inoperative. In case income tax taxpayer having Permanent Account Number and who is eligible to obtain Aadhaar card, does not …
E-Invoicing linked to e-Way Bills
Q. :How is E-Invoicing linked to e-Way Bills? E-Invoicing is linked to the e-Way Bill System because the IRP will distribute the e-Invoice data to the e-Way Bill Portal wherever the e-Way Bill is required. From this data, Part-A of the e-Way Bill is going to be auto-generated, & you may only should furnish the main points of Part-B. Q.: How is E-Invoicing …
Overview the online Filing of Income Tax Returns portal
Overview the online Filing of Income Tax Returns Portal Income tax e-filing refers to the process of submitting ITR online to Govt tax dept in the specified format. Online tax filling simpler, safer and easy than visiting the ITO to submit your Income tax returns. Under Presently income tax rules & regulations in India, Online …