GST on allocation of common expenses and cost of internally generated services
GST on allocation of expenses and cost of internally generated services by Head Office (HO) to Branch Office (BO) has…
Income Computation and Disclosure Standards (ICDS): in Shorts
In exercise of the powers conferred by sub-section (2) of section 145 of the Income-tax Act, 1961, the Central Government…
Advisory issued on on e-Invoice exemption declaration functionality
Goods and Services Tax Network (GSTN) has issued an Advisory today on 24th July, 2023 on e-Invoice exemption declaration functionality…
FAQs on filing the income tax return for AY 2023-24
What is return of Income ITR stands for Income Tax Return. It is a prescribed form through which the particulars of…
Banks write off bad loans worth Rs 2.09 lakh crore in 2022-23: RBI
The RBI’s RTI reply to The Indian Express says that loan write-offs by banks rose to Rs 209,144 crore during…
GST rate rejig off the table for now
The recent meeting of the GST Council did not reconstitute the key ministerial group responsible for examining the matter NEW…
Income Tax Returns: Types of forms , which form for whom and Due Dates
What are the forms of return prescribed under the Income-tax Law? Under the Income-tax Law, different forms of returns are…
e-Filing of Income Tax Returns: All you need to know
The user can file the Income Tax Return (ITR) in two ways i.e. online and offline. The steps required under…
How to Download GST Registration Certificate from GST Portal
In this article we shall understand the step wise process to how to download GST registration certificate. Every person whose…
Rent Paid to Wife Qualifies for HRA Exemption u/s 10(13A)
Generally, it is said that a husband cannot give rent to wife to avail HRA exemption as it is viewed…
Offline utility for GSTR-9 and GSTR-9C for the FY 2022-2023 released
GSTR-9 is the annual return to be filed by every GST registered taxpayer for FY 2022-23 if its turnover exceeds…
Exposure Draft of Guidance Note on Tax Audit for AY 2023-24 issued
The law has entrusted onerous responsibility of conducting tax audit under section 44AB on chartered accountants in practice. For compiling…