The finance ministry has introduced a ‘New tax regime’ in the Finance Act 2020. Form 10IE is a declaration made by the return filers for choosing the ‘New tax regime’ The Income Tax Department has notified that the option to…
Bihar Government on had launched two ambitious schemes christened as the ‘Mukhya Mantri Yuva Udyaymi Yojna’ and the ‘Mukhya Mantri Mahila Udyami Yojna’ to promote entrepreneurship among youth and women of all sections under the state’s ‘Mukhaya Mantri Udyami Yojna’…
Under the newly introduced Companies (Amendment) Ordinance 2018, all companies registered in India after the commencement of the Companies (Amendment) Ordinance 2018 and having a share capital is required to obtain commencement of business certificate before commencing any business or exercising any…
A company is referred to as Section 8 Company when it registered as a Non-Profit Organization (NPO) i.e. when it has motive of promoting arts, commerce, education, charity, protection of environment, sports, science, research, social welfare, religion and intends to use its…
The Shop and Establishment (S&E) Act is applicable on all the commercial establishments; viz, business centres, offices, warehouses, stores, hotels, eateries, amusement parks, theatres, etc, nationwide. It is one of the most important regulations required to be complied with for any…
The 43rd GST Council Meeting under the Chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman via video conferencing on Friday, 28th day of May, 2021 via video conferencing in New Delhi to discuss various matters which includes, GST Amnesty…
The 43rd GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman through video conferencing here today. The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur…
Self-employed, salaried individuals and companies are liable to pay profession tax on their income in Maharashtra. The profession tax slab rates are decided by the state government with an upper cap of Rs. 2500 per annum. If you are a…
In India, income tax is levied on individual taxpayers on the basis of a slab system where different tax rates have been prescribed for different slabs and such tax rates keep increasing with an increase in the income slab. There…
Under the faceless Assessment, a central computer automatically selects one or more tax returns for scrutiny based on risk parameters and mismatches and then allots them randomly to a team of officers. CBDT had notified the National e-Assessment Centre (NeAC) for all communications with…