GST Rate on helmets: Road safety body IRF urges FM to waive GST on helmets
GST Rate on helmets: Road safety body International Road Federation (IRF) wrote a letter to Union Finance Minister Nirmala Sitharaman, demanding removal of GST on life saving device helmets for safety of the two-wheeler riders in the forthcoming Union Budget 2023-24. “India accounts for about 11 per cent of road accident deaths worldwide and the […]
Read moreBudget 2023: Strong outlook and hope for flat GST rate on online gifting industry
The Budget 2023 Session of Parliament will commence on January 31 and end on April 6. Finance Minister Nirmala Sitharaman will present the Union Budget for 2023-24 at 11 am on Wednesday, the 1st February, 2023. Ahead of the Budget, India’s gifting industry on January 17 (Tuesday) urged the government to aid the growth of […]
Read moreGSTR-3B: GSTN advisory on taxpayers facing issue in filing GSTR-3B
Issue in filing GSTR-3B: According to Hon’ble Supreme Court’s directive filing of TRAN forms was made available for aggrieved taxpayers during 01.10.2022 to 30.11.2022. It has been observed that, in the process of filing TRAN forms, few taxpayers have submitted their forms on the portal but did not finally File it within the specified time. After submitting the Tran Forms, […]
Read moreBudget 2023: I belong to middle class, understand their pressures, says Sitharaman
Budget 2023: Ahead of the Union Budget, Finance Minister Nirmala Sitharaman said that she was aware of the pressures of the middle class but also recalled that the present government has not imposed any fresh taxes on them. Sitharaman will present Union Budget for 2023-24 in the Lok Sabha on February 1 amid expectations that the government will […]
Read moreBudget 2023: Crypto investors and exchangers ask relief and measures to prevent criminal activity
Union Budget 2023: Several crypto exchange platforms and tax firms expect the government to reconsider the current putative Crypto tax structure and bring it to par with other normal business activities. They request the Government to also consider reducing the TDS rate to 0.01 per cent from the current 1 per cent and also to identify […]
Read moreSave Tax: 10 Income Tax planning Tips for FY 2022-23
Tax planning is considered important part of a financial planning whether you’re a salaried person, a businessman or a professional, by proper tax planning you can save taxes to great extent. Save tax with proper tax planning. The Financial year 2022-23 is about to end which will be assessed in the Assessment year 2023-24. This […]
Read moreIncrease in old age pension, more tax relief, GST exemption NGOs’ demands
Ahead of the Union Budget for 2023-24, some NGOs have put forward some suggestions for the betterment of the country’s rising elderly population — increase in old age pension, more relief in income tax and GST exemption on services and products frequently used by the elderly. The Agewell Foundation said elderly-friendly budgetary provisions have become […]
Read moreCBI arrests Chennai Income Tax officer, CA in Rs 2.25 Lakh bribery case
The CBI has arrested an Income Tax officer and a chartered accountant in Chennai for their alleged involvement in a Rs 2.25 lakh bribery case, officials said. The bureau’s action came after an FIR was registered against CPWD’s superintendent engineer Sanjay Chinchghare, assistant valuation officer D.Manjunathan and chartered accountant Satgurudas and Suresh, the assessee and […]
Read moreCA Result : 12825 students became CA, check pass percentage
CA Result: The results of the Chartered Accountants Intermediate Examination (Old Course & New Course) held in November 2022 are declared on Tuesday, the 10th January 2023 at 09:00 AM and the same can be accessed by candidates on the following websites: CA Final (New Scheme) Pass Percentage CA Final Toppers list CA Inter Result Pass […]
Read moreIncome Tax: Defective Return notice received? How to respond to it
Defective Return: The most prevalent and significant government action to redistribute money among people is taxation. It is an effort to use a progressive taxation system to distribute the cost of economic growth. To lessen the burden of taxation, the government has numerous measures whereby credits are given to taxpayers in the form of refunds when […]
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