17 March 2023
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Salary arrears are understood as unpaid wages of the previous period accrued in the current year. There may be a subsequent revision of the employee's wages or a disputed wage which is then issued by the employer.
The Finance Act, 2020 has introduced a new tax regime which is now the default regime for Individuals, HUF, AOP (other than co-operatives), BOI & AJP.
MGT-7 is an electronic form issued by the Ministry of Corporate Affairs for all companies for filing the data of their income and expenditure for the particular year.
One Person Companies (OPCs) in India are a unique type of corporate entity that was introduced in the Companies Act, 2013. The concept of OPCs was introduced with the objective of promoting entrepreneurship and providing a simpler form of business structure for individuals.
Every registered taxable person whose aggregate annual turnover exceeds Rs. 10 Cr in any of the financial year starting from 2017-18 is liable to issue e-invoice by way of uploading its tax invoice in json file on Invoice Registration Portal (IRP) in accordance with e-invoice schema in INV-01 and getting back digitally signed json from IRP with IRN and QR Code.
Starting from July 1, 2023, booking foreign tour packages is going to become more expensive for Indians. The government has increased the tax collection at source (TCS) rate for foreign remittances under the Liberalised Remittance Scheme (LRS) from 5% to 20%
Bike protection is a sort of protection that gives monetary insurance to bicycle proprietors against misfortunes that might happen because of unforeseen occasions like burglary, mishaps, or harm caused to outsider property. In India, bike insurance coverage for at least third parties is required.
Investing in a Term Insurance Plan is one of the simplest and best ways to get insured!!
Since we are already in the last month of the Accounting year i.e. March 2023, which mandates a few important points to be taken care in the current month so that there is smooth functioning in the next year without much reference to the previous year. Keeping the same thing in mind, we have tried to brief some important points to be taken care of.
Supreme Court Ruling on Input Tax Credit: The Importance of Proving Genuineness of Transactions and Physical Movement of Goods
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
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