As we all are aware that due date for filing GSTR 4 ( Quarterly Return ) for Composition dealers is arriving fast on 18th April 2018.In less than a week remaining for date to arrive , there is a big blow on Small Taxpayers (Composition Dealers Turnover below 1 crore) to give Purchase details (Both […]
Maintenance of books of accounts and necessary supporting and relevant records are highly essential requirements for proper management and control of the business operations. This will facilitate the correct receipt and payment of cash and other transactions entered by the company. It is mandatory to maintain the books of accounts under Indian Companies Act, 2013 […]
GST AUDIT LIMIT Every registered person , other than a person registered under Section 10 (Composition Taxpayer) , whose aggregate turnover during a financial year exceeds Two crore rupees shall get his accounts audited as specified under sub-section (5) of section 35 and he shall furnish a copy of audited annual accounts and a reconciliation statement, duly certified by […]
Analysis of CBDT Circular No. 09/2015, Dated : June 9, 2015 on Condonation of Delay in Filing Refund Claim and Claim of Carry Forward of LossesNo Condonation for claim of refund or loss shall be entertained beyond six years from the end of the assessment year for which application or claim is made. The limit of six […]
CHANGES IN INCOME TAX RETURNS FOR AY 2018-19 Every year the government of India comes up with changes in income tax return forms (ITRs) which is a personal disclosure of individual income and assets. By notifying the new ITR forms just before the commencement of the tax filing season, the CBDT has provide sufficient […]