Articles by Shweta

Extend CFSS Scheme - Why is Extend_CFSS Trending on Twitter?

Shweta 05 January 2021 at 10:09

As of late, an outpour of demands requesting the government to extend the due date for CFSS is being seen on social media. Consequently, hashtags such as #Extend_CFSS and #CFSSExtension have been trending on Twitter.

Extension of Due Dates for ITR, Tax Audit Report, and GST Annual Return for AY 2020-21 requested by Professionals and Taxpayers

Shweta 23 December 2020 at 09:50

Tax audit extension, These demands mainly pertain to the deadlines under the Income Tax Act for AY 2020-21, and those under the GST Act for FY 2018-19 and 2019-20.

Internal Audit in GST - GSTR-1, GSTR-3B, GSTR-2A, and More

Shweta 14 December 2020 at 12:06

The internal audit team is responsible for analyzing books of records against GST returns to identify and rectify any mismatch and ensure compliance with the GST laws.

Why Your In-Hand Salary May Reduce from 2021

Shweta 14 December 2020 at 10:48

The GoI has recently notified the draft rules under The Code on Wages 2019. The new rules which are expected to enter into force in April 2021, will potentially have consequences on your take-home salary and retirement corpus.

What happens after you have filed an ITR?

Shweta 07 December 2020 at 16:04

An Income Tax Return is a prescribed form in which an assessee declares the income earned and tax paid on such income during a given financial year.

Nidhi company - Requirements, Registration Procedure, And Compliances Etc.

Shweta 04 December 2020 at 10:07

A Nidhi Company is a type of Non-Banking Financial Company and is mainly created to instill thrift and saving habits among its members. Its dealings are limited to its members only.

FAQs on Changing Company Information under MCA

Shweta 30 November 2020 at 16:09

The MCA portal contains details of all the companies incorporated in India. Let us see how a company can change various information related to it on the MCA portal

An analysis on Equalisation Levy

Shweta 30 November 2020 at 10:02

The Finance Act 2020 has expanded the scope of equalization levy by introducing Section 165A. Through this, the levy has been extended to non-resident ECO supplying goods and services online.

Form 16 Vs. Form 16A Vs. Form 16B

Shweta 24 November 2020 at 10:06

Under the Income Tax Act, Form 16, 16A, and 16B refer to TDS certificates issued by the deductor to the deductee, which certify that tax has been deducted.

The Opt-Out Facility - Should you avail it for November 2020 exams?

Shweta 18 November 2020 at 10:29

The Opt-Out Facility lets certain students carry forward their candidature to the next exam cycle. The opt-out window will be open from Nov 7, 2020, till the end of the exam.