Latest updated; In view of the Covid-19 outbreak in the country the new provisions for renewal u/s 12AB the deadline has been extended till 31st March, 2022. Finance Minister Mrs. Nirmala Sitaraman presented the Union Budget, 2020 on 1st February,… Read More
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New Procedure for MSME Registration wef 1 st July, 2020 (Udyam Registration)
In an initiative under Atmanirbhar Bharat, the Ministry of Micro, Small and Medium Enterprises (MSME) vide Notification dated 26 th June, 2020, notifies the new definition of MSME and new registration process which will be called Udyam Registration. For the… Read More
GST Due Dates Extension in view of COVID-19 Outbreak
In view of the COVID-19 outbreak across the world, Indian Government has taken all necessary relief measures to provide the relief to the people of the country in such a crucial times as this where the world is suffering from… Read More
MSME Registration
MSME i.e Micro, Small and Medium Enterprises are the backbone of any developing country. In India too 45% of the total industrial employment, 50% of the total exports of India and 95% of the Industrial units comes from MSMEs and… Read More
Vivad Se Vishwas Scheme 2020
Introduction Vivad Se Vishwas Scheme, 2020 was introduced by the Finance Act, 2020 with an objective of reducing the pending income tax litigation, generating revenue for the Government on time and help tax payers by reducing their tax burden by… Read More
Startup India Initiative
Startups are very important for the growth of any economy; Mr. Narendra Modi Prime Minister of India has started Startup India initiative to promote the startups to boost the Indian Economy. The startup for the purpose of Startup India is… Read More
Income Tax Slabs for the AY 2021-2022 (FY 2020-2021)
The Finance Act, 2020 has made certain changes in the slab rates for individuals giving them option either to opt for the new tax regime or to continue with the old tax regime. New Tax Regime* Income Slab Applicable Tax… Read More
Income Tax Slabs for the AY 2020-2021(FY 2019-2020)
Latest Update: ITR for the AY 2019-20 (FY 2018-19) can be filed and revised upto 30th June, 2020 amid COVID-19 Pandemic. (Last Opportunity) Amid COVID-19 Pandemic in the country the Finance Minister Mrs. Nirmala Sitharaman has announced an extension for… Read More
LLP Annual Compliances
Annual Return Filing with ROC All the Limited Liability Partnerships (LLPs) have to file Annual Return in Form 11 and Statement of Accounts and Solvency with the Registrar of Companies every financial year. Similar to a Private Limited Company an… Read More
80G Donations in Cash
As we know that the major portion of income of a Charitable Trust are donations. Donations may be corpus fund donations or voluntary contributions. Corpus fund donations are not included in the total income of a Charitable Organization, but taxability… Read More