Certain types of Cash transactions have serious consequences. Taking or Accepting Certain Loans, Deposits No person is permitted to accept Rs. 20,000 or more in cash a) For any loan…

Major Direct tax proposals (from speech) 👉 1. Rollout of next gen ITR form 👉 2. New limit for 44AD (Traders & Manufacturers)& ADA(Specified Professionals) : 3 crore & 75…

9 Personal Finance Strategies we all must know 1) Rule of 72 (Double Your Money) 2) Rule of 70 (Inflation) 3) 4% Withdrawal Rule 4) 100 Minus Age Rule 5)…

ROC in Action : Recent Penalty / Charges orders:   ROC Ahmedabad imposed a penalty of Rs 6 lakhs on a private limited company and its directors for “non mentioning…

List of Businesses that cannot opt for presumptive taxation scheme u/s 44AD [Defective under ITR-4] Here is the list of codes that cannot opt for Filing ITR 4 or in…

GST Council Meet Updates - Tax Rates revision approved * Tax @ 18% on cheques, lose or in book form * Witdrawal of exemption on services by department of posts except…

HUF Property make all Coparceners sign Gift Deed. Hindu father or any other managing member of HUF is empowered to make a gift of ancestral property only for a ‘pious…

Reporting 6% rate in GSTR-1 A new tax rate of 6% IGST or 3% CGST+ 3% SGST has been introduced on certain goods vide Notification No. 02/2022 dated 31st March…

Now ITR filing is mandatory if your TDS, TCS is Rs 25,000 or more in a financial year. The government has now made it mandatory for an individual to file…

Now, as part of MCA V3 initiative, LLP related compliances will have below major changes: 1. There can be 5 Desiganted partners (without having DIN) at the time of Incorporation.…