# government
8 posts in `government` tag
Government India Launches Mera Bill Mera Adhikaar Scheme Promote Billing Culture
The main goal of the "Mera Bill Mera Adhikaar" scheme is to create a behavior change where consumers actively ask for invoices as their right.
-
By Krishna
Income Tax Return Govt plans increase section 80c deduction limit details
Section 80C of the Income Tax Act, of 1961, is widely utilized for claiming tax deductions. It allows individuals to avail deductions for specific investments and expenses, such as pension schemes, PPF, and life insurance, among others.
-
By Krishna
ITR Due Date Extension Update: Will the Government Extend the Last Date of Income Tax Return for AY 2023-24
According to Revenue Secretary Sanjay Malhotra, as reported by news agency PTI, income taxpayers are advised to file their returns as soon as possible, as the finance ministry is not considering any extension of the July 31 deadline.
-
By Krishna
GST Council Mandates E-invoicing for Registered Persons: Threshold for Supplies to Govt. Departments
The purpose of generating e-invoices for supplies to government departments is specifically for Tax Deduction at Source (TDS). In the Goods and Services Tax (GST) system, the generation of e-invoices holds significant importance for compliance among certain businesses.
-
By Krishna
Delhi Government Initiates New Process to Revoke Cancelled GSTINs until June 30th
These individuals must adhere to specific procedures for revoking their canceled registration. Additionally, individuals who failed to file a petition to revoke the cancellation of their GST registration within the designated timeframe under Section 30 of the DGST Act are directed to follow these steps
-
By Krishna
Delhi Government Initiates New Process to Revoke Cancelled GSTINs until June 30th
These individuals must adhere to specific procedures for revoking their canceled registration. Additionally, individuals who failed to file a petition to revoke the cancellation of their GST registration within the designated timeframe under Section 30 of the DGST Act are directed to follow these steps
-
By Krishna
Tax exemption limit for leave encashment upon retirement hiked to Rs 25 lakh
Good news for non-govt salaried employees: Income Tax exemption limit for leave encashment upon retirement hiked to Rs 25 lakh
-
By Krishna
An Illustrative Checklist For Verification of Items of Investments to be Followed By the Auditor
Auditing financial statements encompasses a crucial component known as the audit of investments. The primary aim of the auditor is to validate the presence and valuation of investments. To achieve this, the auditor employs diverse procedures such as transaction verification, physical inspection, assessment of valuation and disclosure, and analytical review procedures.
-
By Krishna