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GST Basics

Analysis of 8th GST Notifications on 31st March 2023

On the 31st of March, 2023, when the fiscal year 2022–2023 was close to an end, we were awakening into the night to uphold the discussions reached at the 49th Council meeting, which was held on 18th February, 2023.
Months Compliance

Statutory & Compliance Calendar For January 2023

All businesses, regardless of the business structure held onto statutory compliance and complete all the vital filings before the due dates. For all business transactions, there are some essential compliances that a business owner must fulfill as a moral duty. These compliances are timely framed and must be completed within the prescribed time by the Government.
ITR Notice

CBDT Notifies ITR Forms For AY (2023-24) In Advance

Central Board of Direct Taxes CBDT has announced income tax returns forms (ITR-1 to ITR-6) for AY 2023-24 (FY 2023-23). The CBDT has notified ITR-1 to ITR-6 on 10 February 2023 and ITR-7 on 14th February 2023. However, No big amendments are made to ITR forms by the government.
Financial Management

SEBI Extends Nomination Filing Deadline For Trading & Demat Account Holders

The Demat & Trading Accounts will be frozen from September 30, 2023. On failure to update the nomination for Demat & trading account - SEBI.
Budget 2023

Budget 2023: A glimpse of old vs current income tax slabs

The Finance Minister, Nirmala Sitharaman has announced a significant change in the income tax regime. The new income tax regime has seen a major update in the income tax slab rates for 2023-24. 
Basic of Income tax return

How To File ITR of Past Years - Benefits & Consequences

People are able to submit returns for prior years. Only the two years prior to the current financial year for which the returns have been filed may be used in this manner.
Income Tax Slabs

TDS Rate Chart for Financial Year (FY) 2023-2024 /Assessment Year (AY) 2024-2025

Tax dedication at the source (TDS) is one of the essential compliance for the income taxpayer. There are different types of sections in income tax laws, which specify different TDS rates, threshold limits for TDS, and the nature of the payment.