[wp_blog_designer id=”2″]Update 1- Revision in Tax Audit Limit : The monetary limit for audit u/s 44AB has been increased from existing limit of Rs.1 crore to 5 crores. In case of entities carrying business, whose cash receipts and cash payment is less than or equal to 5% of total receipts as well as payments respectively […]
Faceless Assessment in the Income Tax from Onwards
Dear Client The recent government is taking hard step to take income tax notice handling and responses online only.So all the fututre notice will be part of online assessement . In such case client need to keep record of all the transaction they have done in the Bank statement. If you are not remembering any […]
Overview of New GST Returns (Applicable from April 2020)
1. Background The GST Council approved a new simplified GST return format in its 27th Council meeting. The new GST return aims at enhancing transparency and accuracy of the return filing process. The Council has decided that the new return filing system will be implemented from April 2020. Under this New Return System, there will […]