In the budget 2023 Hon’ble Finance Minister had brough up several changes in Income Tax Act , from changes in income tax slabs to tax rebate limit raised, No LTCG tax benefit on some debt mutual funds, taxability of life insurance policies are some of the major changes effective from 1 April 2023. 1) New
Specified category of persons are exempted from obtaining GST registration: It has been proposed to amend Section 23(2) of the Central Goods and Services Tax Act, 2017 (“the CGST Act”) with a non-obstante clause, that too retrospectively applicable w.e.f July 1, 2017, so as to provide that, persons required to take registration in GST as
1. What is Section 80 IAC of the Income Tax Act for Startup Tax Exemption? Section 80-IAC is a benefit offered by Central government to eligible startups by way of providing tax deduction of an amount equal to 100 percent of the profits and gains derived from eligible business. 2. What is the quantum
Q.1 What is a trademark? Ans: A trademark (popularly known as brand name) in layman’s language is a visual symbol which may be a word signature, name, device, label, numerals or combination of colours used by one undertaking on goods or services or other articles of commerce to distinguish it from other similar goods or
The Income Tax Department issued Frequently Asked Questions (“FAQs”) on Aadhaar-PAN Linking. Q 1. Who needs to link Aadhaar and PAN? Ans: Section 139AA of the Income Tax Act provides that every individual who has been allotted a permanent account number (PAN) as on the 1st day of July, 2017, and who is eligible to obtain an
The amnesty scheme for settlement of arrears of tax, interest, penalty or late fee prior to the implementation of the Goods and Services Tax introduced by the Maha Vikas Aghadi (MVA) government has been extended by state finance minister Devendra Fadnavis. Terming it the Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee
Pre-Requisites For Investing In Stocks Before you start your investment journey, you’ll need a savings bank account, a Demat and trading account, and a device with an internet connection. There are host of trading platforms like IIFL, Upstox, Zerrodha but before choosing any platform do compare their charges and services like regular reports, analysis etc.
IT SERVICES, TECHNOLOGY, TRAINING AND CONSULTANCY: To carry on the business of Software designing, development, customisation, implementation, maintenance, testing and benchmarking, designing, developing and dealing in computer software and solutions, and to import, export, sell, purchase, distribute, host (in data centers or over the web) or otherwise deal in own and third party computer software
Certificate under the State Goods and Services Tax Act, 2017 and the Central Goods and Services Tax Act, 2017 in terms of Section 29(5) of the said Acts M/s. (hereinafter referred to as the “Applicant’) is a registered person vide GSTIN………………….and is having its principal place of Business at__________ in the State of_______________. The Applicant has the following additional places of business
GSTR-10: CA Certification in case of filing GST Final Return A Taxable person, whos GST has been cancelled or who has surrendered his GST Number, is required to file GSTR-10 , also known as GST Final Return. This return is required to be filed within 3 months from date of cancellation of GST Registration Number.
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