All about the Forensic Audit When we discuss about the Forensic Audit Few Questions are used to come in our mind. Few are mention here under: What is the forensic Audit? The procedure used to examine a person’s or a company’s financial information for use as evidence in court is known as forensic audit. It …
MCA Statutory Compliance Calendar for Oct 2022 What are the Statutory compliance under Company Law in the month of Oct 2022 ? S. No Form Timeline Period Description 1 Annual returns of an LLP- Form 11 *Extended till 15 July 2022 for Financial Year 2021-22 (Original date – 30 May 2022) Financial Year 2021-22 An …
CBDT: ISSUE Guidelines for submission of Statement of Financial Transactions (SFT) for Interest income also include the Format and Procedure Central Board of Direct Taxes has issued the notification on Procedure for registration and submission of SFT. Procedure for registration and submission of statement of financial transactions (SFT) as per section 285BA of Income-tax Act, …
Tax audit due date has been extended till 7 oct 2022 The Income Tax Department extended the deadline for the Tax Audit Report for AY 2022–23 from 30 September to 7 October 2022 at the last minute. Main cause of the prolongation was today’s total downtime of the Income Tax Portal. To upload a single …
Complete Step by Steps process for file your online Income Tax Return: Phase-I : Just visit via Log on to the official website portal of Income Tax e-filing – incometaxindiaefiling.gov.in. Phase-II : tap on New to e-filling if you are registering for the first time, else click on the registered user. Phase-III : Select the …
E-invoice limit reduced from INR 20 Cr to INR 10 Cr E-invoice limit reduced from INR 20 Cr to INR 10 Cr w.e.f 1st October 2022. i.e for any GST Registered person with Total Turnover cross INR 10 Cr. in any Financial Year 2017-18 onwards has to issue E-invoice w.e.f 1st October 2022. E-invoicing from …
GST Implications on pre-packaged & labelled goods List of GST-Exempted Food Items in India under the Goods and Services Tax Council framework: Under GST, basic and unbranded food items are generally exempt to protect consumers, while branded and packaged goods attract GST. Fresh & Unprocessed Food (Fully GST Exempt – 0%) : These items are …
Complete Overview on withdraw Form 15cb & Its functionality Chartered Accountants can withdraw Form 15CB where 15CA Part-C has not been filed for corresponding 15CB- Filing made after 1st April 2021 till 29th July 2022: Form can be withdrawn at any point of Submission made on 30th July 2022 onwards: within Seven days midnight 23:59:59 …
CBDT Circular No. 12/2022 – Guidelines for removal of difficulties U/s 194R Central Board of Direct Taxes vide Circular No. 12/2022 dated 16.06.2022 has issued guidelines to remove difficulties arising in giving effect to provision of section 194R. While the guidelines have been issues for removal of difficulties, however, it appears that the Circular in …
FAQs on Income Tax Return Filling Forms Q.1: Does an individual, being an NRI or resident but not ordinary resident (RNOR)), required to disclose details of their directorship in a foreign company not having any income accruing or arising in India? Ans: Yes. Q.2: In case unlisted equity shares is acquired or transferred by way of …