Efficient expense management entails making strategic decisions and implementing measures such as optimizing employee costs, embracing technology to streamline manual tasks, increasing production efficiency, and minimizing tax obligations.

The CBIC, through a tweet, also made an announcement regarding the waiver of the obligation for taxpayers with an annual turnover of up to Rs. 5 crore to file a reconciliation statement in Form GSTR-9C.

The income tax department has enabled the income tax returns form (ITR1) and (ITR2) for the fiscal year 2022-23. Individuals, small business owners, and professionals are required to file these income tax return forms.