GST

CBIC extend GST return due dates, waives late fees and Interest in GST

GST Updates: CBIC extend GST return due dates, waives late fees and Interest in GST

The CBIC vide various notifications dated May 01, 2021, has extended due dates, waived late fees, and
Input Tax Credit

Common Credit- An Important Part of Input Tax Credit Under GST

Input Tax Credit is a topic near to the heart of every taxpayer. A taxpayer is always
e-Invoice Generation 2021

e-Invoice Generation 2021 Update & Benefits of E-Invoice Reconciliation

e-Invoicing has become a very crucial part of the GST regime in a very short period.
GST Registration

GST Registration: All You Need to Know

The government has mandated GST Registration for all eligible businesses and failing in doing so may attract
GST Due Dates for March 2021

Current GST Due Dates for the Month of March 2021

The GST due date is a date by which taxpayers are required to file their GST returns
GST Due Dates for February 2021

Current GST Due Dates for the Month of February 2021

The GST due date is a date by which taxpayers are required to file their GST returns

Latest Posts

Section 192 of the Income Tax Act 1961

TDS on Salary: Section 192 of the Income Tax Act, 1961

The salary received by an employee from his/her employer is categorized under the head “Income From Salary”. Here the employer is responsible for deducting TDS on an average rate of Income Tax based on the current slab rate during the relevant
Last Date For Filing Income Tax Return For AY 2021-22

Last Date For Filing Income Tax Return For AY 2021-22

For different taxpayers, the due date varies according to their status under the Income Tax Act.
TDS on Purchase of Goods Above Rs. 50 Lakhs

Section 194Q: Applicability, non-applicability, rate, and example

Last year from 1st July 2020, the government had introduced a new TCS provision u/s 206C(1H). This section was for “seller of goods” on receipts/advance from/for sale of goods, exceeding Rs. 50 Lakhs as a consideration during the financial year. Now
Depreciation Rate as Per Companies Act for FY 2020-21

Depreciation Rate as Per Companies Act for FY 2020-21

Meaning of Depreciation- Before knowing the Depreciation Rate as per Companies Act for FY 2020-21, we must know the meaning of depreciation. In simple words, depreciation is a reduction in the value of assets over time, due in particulars to wear
Best Technology Mutual Funds To Invest in India 2021

Best Technology Mutual Funds to Invest in 2021 in India

Technology funds in India have consistently provided an annualized return of 14% to 19% over a 5 year period.
Documents Required For 12A and 80G Registration

Section 12A and 80G: List of Documents required for Registration

Registration u/s 12A- Trust, society, and section 8 companies can seek registration u/s 12A to claim an exemption under the Income Tax Act. Registration u/s 80G- Under section 80G trust or institution can seek registration and it does not apply to
Section 44AD for FY 2020-21

FY 2020-21: Section 44AD of Income Tax Act- Presumptive Scheme

The presumptive taxation scheme of section 44AD is designed to give relief to small taxpayers engaged in any business (except the business of plying, hiring or leasing of goods carriages referred to in section 44AE).
RBI Governor Speech Update Today 05 May 2021

RBI Governor Speech: Shaktikant Das announces term liquidity facility of Rs. 50,000 Crore for access to emergency health security

As per PTI report, before this address, the governor reportedly met with bankers and shadow lenders and discussed current economic situations, potential stress to balance sheets, credit flow and liquidity.
Depreciation Rate as Per Companies Act for FY 2021-22

Fixed Assets: Depreciation Rate as Per Companies Act 2013 for FY 2021-22

For calculating Depreciation as per Companies Act 2013, depreciation is calculated by considering the useful life of assets, cost, and residual value.
Share Market Holidays in 2022 | BSE and NSE Holidays List

NSE and BSE Market Trading Holidays Calendar 2022 in India

Indian Stock Market remains closed on Sunday and Saturday, and apart from weekly holidays, the stock exchange in India also remains closed on national and state holidays.