2023

Posted by | March 17, 2023
When is it Mandatory to File Income Tax Return?

The Government demands people to file income tax returns (ITRs) to get information about their income and to check if tax on the income earned has been correctly paid. Filing...

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Posted by | March 10, 2023
Highlights from the Budget 2023 on Amendments to Income Tax Provisions for Charitable Trusts or Institutions

A charitable trust enjoys a varying degree of tax benefits in most countries. In India, trusts set up for the social causes and as approved by the Income Tax Department...

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Posted by | March 3, 2023
Must-Knows on Scrutiny of GST Returns

It has been almost 5 years since GST laws were implemented. Subsequently, on creating robust processes and rules for GST law implementation and encountering a few bumps along the way,...

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Posted by | February 24, 2023
Amendments in Valuation Norms under Income Tax Law to include Non-Resident Investors and Some Insights on DCF Method

Valuation is the most fundamental term in finance but is extremely crucial to understand while deriving the value. Also, several events in recent past have transpired to provide an indication...

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Posted by | February 17, 2023
A Peek into the Benefits of ChatGPT to Accounting Industry

The rise of artificial intelligence (AI) has opened up a host of new possibilities for accountants, including the use of chatbot AI. Chatbot AI (Artificial Intelligence) is a software program...

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Posted by | February 10, 2023
Provisions of MSME Payments in the Finance Bill 2023

Over the years, MSME sector has emerged as a highly vibrant and dynamic sector with a significant contribution in the Indian economic and social development, by fostering entrepreneurship and generating...

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Posted by | February 3, 2023
Recent Changes by MCA for E-filing with RoC

All the Companies in India are required to file eForms with the Registrar of Companies (RoC). Important update here is that recently the MCA has upgraded the portal from Version...

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Posted by | January 27, 2023
All That You Should Know About Timelines for Claiming Refunds under Goods and Services Tax (GST)

For ideal tax administration punctual refund mechanism is crucial, as it clears the way to trade through release of blocked funds. Now, under the GST regime the claim for refund...

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Posted by | January 20, 2023
CBDT’s Proposal of the New Common Income Tax Return (ITR)

Central Board of Direct Taxes (CBDT) has put forward the idea of a new common Income Tax Return (ITR) which will replace all except ITR 7 form and notified an...

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Posted by | January 13, 2023
Risk Management and Practices to Counter Online Payment Frauds

Known to be a highly cash-dependent economy, India has opened doors to electronic payments and cashless transactions only recently. The switch from Manual Payments to Electronic Payments has been rather...

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