Indexation benefits & its Limitation under Capital gains tax calculation In a significant development, the FM -Nirmala Sitharaman has moved for amendments to the Finance Bill, introducing changes to the Long-Term Capital Gains tax calculation on real estate properties. This move provides taxpayers with a choice in how they calculate their capital gains tax for …
If you fail to file ITR before 31 July, can result in consequences FY 2023-24 Missing the ITR filing deadline of 31 July can indeed have significant consequences for taxpayers this year, particularly due to the new provision related to the old and new tax regimes. Details is here under : No Old Regime Automatic …
Central Board of Indirect Taxes & Customs Circulars Issued on 26th June 2024 Following the recommendations from the 53rd GST Council Meeting on 22nd June 2024, Central Board of Indirect Taxes and Customs has released 16 circulars to clarify various GST-related issues. Here are the New Goods and Service Tax circulars issued based on the …
Code of Conduct in Forensic Audit: Introduction: A forensic audit is a specialized examination that investigates financial records to uncover potential fraud or illegal activities. Given the sensitive nature of this work, a strict code of conduct is essential to ensure integrity, professionalism, and fairness throughout the audit process. The Association of Certified Fraud Examiners …
How to calculate the late fees under Goods and Services tax law for GSTR-9 To calculate the late fees under Goods and Services tax law for GSTR-9 for the FY 2022-2023, To ensure accurate calculations and compliance with the latest regulations, it’s crucial for taxpayers to stay updated with the notifications and guidelines issued by …
List of ROC Form under the Companies Act 2013 Ministry Of Corporate Affairs – Registrar of Companies. Registrar of Companies sending notices to Auditors who have signed and uploaded tally printout as financial statements with annual ROC filing forms. Notices also sent to Auditors who have not attached Notes to Accounts and statement of accounting policies. …
key points to be disclosed or considered before finalizing the financials statement of Companies for the FY ended 202X. The finalization of an entry in the book of accounts for an entire financial year is referred to as the finalization of an account. The creation of the Trial Balance based on the ledger account marks …
Stay Ahead of Tax Season with Effective ITR Filing Strategies Introduction Tax sеason is around the corner, and you might be wondering how to do your ITR filing in thе most efficient and hasslе – free way. Filing your ITR on time not only helps you avoid penalties and interest but also allows you to …
How to show income from NRI sale of shares in Income Tax Return ? We are all aware that company income, rental revenue, and salary income are all taxable. What about earnings from the sale or acquisition of shares, though? Many stay-at-home moms and retirees make a living by buying and selling stocks, but they …
ICAI has unveiled a new logo on 75th Happy Chartered Accountant Day ICAI has unveiled a new logo to mark the beginning of its 75th year, coinciding with CA Day. The Garuda, a mythical bird-like creature that represents strength, power, and wisdom in Indian mythology, is depicted in the logo in a modern setting. A …