Advisory: Self Enablement For e-Invoicing
If your turnover exceeds INR 5 crores in the financial year 2023-2024, you will be required to start e-Invoicing from the next financial year, i.e., from 1st April 2024 onwards
Tag: important update
GST E-invoicing – reg.
If your turnover during the financial year 2023-24 was exceeding the threshold limit of Rs. 5 crore for the first time then w.e.f 01.04.2024 E-invoicing is applicable to you
Rajasthan State Amnesty Scheme 2024
Rajasthan Government hereby notifies the “Amnesty Scheme – 2024” for rebate of tax and settlement of outstanding demands and disputed amounts in any of the following Act vide Notification No. F.12(7)FD/Tax/2024-72 dated 08.02.2024. This scheme is effective from 08.02.2024 and…
Additional Requirements for MSMEs in ITR-6 Filing – Notification No 16/2016 dated 24.01.2024
Companies filing ITR in ITR-6 to include the following additional information on cursory review : This would usher more transparency in data reporting in the ITR by all the corporates.
ITR-6 for AY 2024-25
CBDT – Central Board of Direct Taxes has published Notification no. G.S.R. 64(E) dated 24.01.2024 substituting ITR-6 for AY 2024-25. The Form ITR-6 is applicable for Companies other than companies claiming exemption under section 11.
Income tax deductions available under section 80C in India
Investment instruments can save taxes thanks to the Income Tax Act of 1961. Every financial year, you could lower your taxable income by up to Rs. 1.5 lakh by taking advantage of the Section 80C deduction. 80C deduction is available…
Where to invest to save more income tax for FY 2023-24
It is that time of the year when most of the taxpayers, who if already haven’t exhausted their tax-saving investment limit, start looking for various investment options to save as much income tax as possible. For, this remains the last…
Notification No. 04/2024-CT dated 05.01.2024
CBIC notifies special procedure for registered person engaged in manufacturing of the Tobacco, Pan Masala etc.
Notification No. 03/2024-CT dated 05.01.2024
Notification no. 30/2023-CT dated 31.07.2023 which provides for special procedure to be followed by a registered person engaged in manufacturing of certain goods has been rescinded vide Notification no. 03/2024-CT dated 05.01.2024.
Notification No. 02/2024-CT dated 05.01.2024
The due date for filing GSTR-9/9C for FY 2022-23 is extended till 10.01.2024 from 31.12.2023 for the registered persons whose principal place of business is in the districts of Chennai, Tiruvallur, Chengalpattu, Kancheepuram, Tirunelveli, Tenkasi, Kanyakumari, Thootukudi and Virudhunagar in the State of Tamil Nadu.