This time in GST new things are in the Tax Invoice. W.e.f 1st April 2021, all GST taxpayers will have to furnish HSN or SAC in their Tax Invoices. Further if turnover in PYs is more than 50 Cr then E-invoicing is mandatory.
The author in this article lists down the amendments introduced in Tax Audit Form 3CD for the AY 2021-22 and the introduction of sub-rule (3) in Rule 6G.
The article deals with Section 80CCD - a deduction in respect of contribution to the pension scheme of Central Government, through which tax compliance burden of taxpayers can be reduced.
Senior citizens earning interest income from FDs, savings accounts and recurring deposits can get income tax exemption up to Rs 50,000 per annum under section 80TTB. This is through the amendment of the Finance Act 2018.
Discussing 10 useful application software for your workplace, either you are in job or in practice. Most of these software are third party applications, few of them are free of cost and some can be installed on a trial period basis.
They say there is unemployment, my point is most people are not willing to work. When you start a new venture, you need to build a team around you. Training a new candidate is one of the toughest things.
All taxpayers having aggregate turnover up to Rs 5 crores, under QRMP Scheme (w.e.f. 01.01.2021 onwards), are required to furnish return on quarterly basis, along with payment of tax on monthly basis.
This article deals with the automated solution for handling a scenario where an invoice is generated without IRN and provides an end to end solution under the e-invoice regime.
The author, in this article, has penned down his journey from being one of the most misfit students in school to becoming a Chartered Accountant.
Singapore issues TP Guidelines for activities undertaken by Singapore based HQs or regional Hubs for APAC region. The said guidelines provide for the determination of remuneration for such hubs/ HQs on arm's length basis.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English