Income Tax return filing is mandatory if the Total Income of an Individual exceeds the maximum amount which is not chargeable to income-tax i.e Rs. 2,50,000 for individuals whose age is less than 60 Years.
Reopening of an assessment concluded under section 143(1) or even under section 143(3) (Scrutiny Assessment) of Income Tax Act, 1961 is a dreaded nightmare of any assessee.
This article aims to provide information on GST for freelancers in India.
What is a Stock Audit?It is the physical verification of the inventory. However at times it may also include valuation of the inventory, this would depend upon the terms of referrence or the engagement letter of the assignment. Important thing to rem
The Indian government has announced a Special All-India Drive to be carried out from 16th May to 15th July 2023, aiming to tackle the growing problem of fake Goods and Services Tax (GST) registrations and the fraudulent passing of input tax credit (ITC).
The Central Government had launched Employees' Provident Fund (EPF) which is a retirement benefit scheme maintained by the Employees' Provident Fund Org...
Section 62 of CGST ACT 2017 talks about the assessment of those registered taxpayers who have not filed their GST returns within the prescribed due dates. r.
A new tax regime has been introduced through the Union Budget 2020. In this tax regime, the income tax rates are lower and if a person opts for this regime, he will have to lose most of the benefits.
Predictive analytics is the process of using data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes based on historical data. It is a type of data analytics that uses statistical algorithms to analyze past data to make predictions about future events.
Becoming a Chartered Accountant is not an easy feat, and my journey towards achieving this goal was no exception. My passion for finance and accounting led me to pursue a CA degree, which I joined in 2010.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English