Blog Posts
MCA Updates
MCA announces another extension of 15 days to file 45 Company E forms and PAS-03 without additional fees, due to changes in the filing process in MCA...…
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GST REGULAR TO COMPOSITION
Regular taxpayers can opt for Composition Scheme for Financial Year 2023-24 by navigating as ‘Services-> Registration-> Application to opt for composi...…
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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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