Distribution of free samples & gifts is treated to be supply under Goods and services tax Q: – Whether distribution of free samples and gifts is treated to be supply under Goods and services tax ? Ans: It is a Normal Practice among particular sections of industry & trade, Like that, pharmaceutical firm which often provide drug …
RECTIFY GSTR-1 TO SHOWN CORRECT SUPPLY IN B2B INSTEAD OF B2C RECTIFY YOUR ALL GST RETURN AT YEAR END VIA FILLING GSTR 9 & 9C WITHIN DEADLINE Goods and Services Tax Network issues Advisory on New Tables added in GSTR-1 -live on GST portal The Goods and Services Tax Network issues Advisory on New …
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 …
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 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 …
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 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 …
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 …
Tax & Statutory Compliance Calendar for March 2023 S. No. Under the Law Filling Form / return Related with Compliance Timeline Date Particular of Compliance 1 Goods and Services Tax GSTR -5A February -2023 20- March -2023 GSTR-5A to be filed by Online Information Database Access and Retrieval services Service Providers for the previous month. …
Income tax Forms 10BB & 10B issued for NGO’s Audit The Central Board of Direct Taxes has made available the new Forms 10B and 10BB that charitable or religious trusts, organisations, universities, or other educational institutions must submit in compliance with Sections 10(23C) and 12A of the Income Tax Act. Central Board of Direct Taxes …