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GST AMENDMENT

CGST ACT 1. Composition Supplier: Can Apply if they are supplying goods through E-com Operator now restriction only on services. 2. Now for calculat...…


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BUGDET 2023 TAX RATE

i.        Personal Tax Rates New Tax Regime [Mandatory if not opted for old]     Individuals   Income (Rs) Proposed rate of tax (AY 2024-25) Upt...…


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Change in Companies Act 2013 for Financial Reporting

1.               Applicable from 01st April, 2021 (For the financial year ending on 31st March, 2022) a)     Amendments for the preparation of Financi...…


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EXTENTION OF DUE DATE FY 2020-21

F.No.225/49/2021 -ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, Dated 20th May, 2021 S...…


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Criteria for classification of Non-company entities

ICAI: Criteria for classification of Non-company entities for applicability of Accounting Standards https://resource.cdn.icai.org/64269asb51535.pdf


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MCA Update

MCA- Mandatory use of Accounting Software having Audit Trail Extended to 1st April, 2022   Link: http://mca.gov.in/Ministry/pdf/AccountsAmendmentRules...…


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MCA NOTIFICATION REGARDING ACCOUNTING IN COMPANIES

On or after the 1st day of April, 2021, every company which uses accounting software for maintaining its books of account, shall use only such account...…


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194Q – PURCHASE OF GOODS APPLICABLE FROM 01/07/2021

APPLICABILITY: The tax shall be deducted under Section 194Q by a buyer carrying on a business whose total sales, gross receipts or turnover from the...…


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SECTION 206AB & 206CCA TDS ON NON-FILERS OF ITR AT HIGHER RATES APPLICABLE FROM 01/07/2021

APPLICABILITY It is proposed to insert a new section 206AB in the Act as a special provision providing for higher rate for TDS for the non-filers of i...…


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CSR- Recent Amendment vide Companies (Amendment) Act, 2019

CSR (Corporate Social Responsibility) is understood to be the way firms integrate social, environmental and economic concerns into their values, cultu...…


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