We have made an attempt to provide information cum clarification on Forms AOC-4 & MGT-7 for reporting the Financial Statements and Annual Return, respectively, as the Annual Filing is soon approaching.
Input credit means at the time of paying tax on output, one can reduce the tax payable by taking the credit for tax paid on inputs. If you are a manufacturer, supplier, agent, e-commerce operator, aggregator or any of the persons mentioned, registered under GST, you are eligible to claim Input Tax Credit.
INTRODUCTIONThe three organs of the Indian government - Legislature, Executive and Judiciary perform three essential functions of rulemaking, rule applica
Holi is the festival of colours. It signifies the triumph of good over evil. On the occasion of Holi, which colours have the government brought in GST and Income Tax?
In this article, we will discuss the changes in penalties for missing the ITR filing deadline and understand the implications for taxpayers based on their income levels.
AGM Due Date Impasse for FY 2019-20 gets Finally Resolved. MCA Extends AGM & Annual Accounts Laying Date for around 12 Lakh Indian Companies by Three Months to 31.12.2020, from existing due date of 30.9.2020.
MSME stands for Micro, Small and Medium Enterprises. They are the backbone of the Indian economy, accounting for over 90% of the country’s industrial output and employing over 80% of the workforce.
Taxpayers having an aggregate turnover of up to 5 crores can now file their returns on a quarterly basis and make their payments on a monthly basis through the QRMP Scheme.
Indian Scenario US economy has registered a growth of 1.9% in first quarter of 2007 against the projected rate of 2.7%. A consumption-led slowdown in US economy will have an impact on its trading partners. Indian economy has registered a robust growt
Introduction-Leave Travel Allowance is given to employee by his employer to cover his travelling expenses when he goes on vacations. Exemption is available for ...
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English