Articles by Rashmi

Benefits of Filing ITR on time for FY 2022-23

Rashmi 20 April 2023 at 08:48

Filing your income tax return on time comes with various benefits. It not only helps you to avoid penalties and interest charges but also helps to build your financial history, improve your credit score, and increase your chances of obtaining loans and credit cards.

What Borrowers Need to Know About RBI's Proposed Regulations on Penalties for Loans

Rashmi 18 April 2023 at 08:49

The Reserve Bank of India (RBI) has proposed new regulations on how lenders can charge penalties on loans. Many lenders currently charge extra interest, known as penal interest, when a borrower fails to make their loan repayments on time or violates the loan terms

Guide to Filing Income Tax Return for Freelancers and Self-Employed Individuals in FY 22-23

Rashmi 17 April 2023 at 08:58

Here are some points to keep in mind while filing a tax return as a freelancer or self-employed individual

New Time Limit for E-Invoice Reporting

Rashmi 15 April 2023 at 07:04

New Time Limit for E-Invoice Reporting: Ensuring Compliance and Streamlining Invoicing for Businesses in India

EPFO's strategic move to safeguard retirement funds in the booming Indian stock market

Rashmi 14 April 2023 at 07:16

The Employees' Provident Fund Organisation (EPFO), which manages the retirement savings of over 60 million subscribers in India, has decided to modify the redemption policy for exchange-traded funds (ETFs) in a bid to boost returns for its subscribers and shield its income from market volatility.

New ITR Forms for FY 2022-23 (AY 2023-24): Everything you need to know to file your taxes

Rashmi 13 April 2023 at 08:46

The Income Tax Department has released JSON Schema for ITR 1 and ITR 4 for the Assessment Year 2023-24 (corresponding to the Financial Year 2022-23).

Cost Inflation Index (FY 2023-24)

Rashmi 11 April 2023 at 14:12

Cost Inflation Index (CII) is a measure used in India to adjust the inflationary effects on the cost of assets. It is basically an index that reflects the changes in the prices of goods and services over a period of time.

NPS vs OPS: Why NPS is the clear winner for retirement planning

Rashmi 08 April 2023 at 08:59

The Finance Ministry has set up a group to review the pension system for government workers. The committee will be led by Finance Secretary T V Somanathan and will suggest ways to improve pension benefits for government employees.

CBDT issued circular on TDS for salaries in FY 2023-24: What you need to know

Rashmi 07 April 2023 at 09:04

The Central Board of Direct Taxes (CBDT) has issued a circular on April 5, 2023, which explains how employers will deduct tax on salaries for the current financial year 2023-24

Mandatory Audit Trail in Accounting Software: A Game-Changer for Corporate Governance

Rashmi 06 April 2023 at 08:52

An audit trail is a documented record of the sequence of activities and events that are associated with a specific transaction, process or system.