Important Due Dates under GST for April 2023

Post author:WhyTax
Post published:April 2, 2023
Post category:GST
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Important Due Dates under GST Purpose Compliance Period Due Date Compliance Details GSTR-7- TDS return under GST Mar-23 10-Apr-23 GSTR 7 is a return to be filed by the persons who is required to deduct…

Important Due Date under Income Tax for April 2023

Post author:WhyTax
Post published:April 1, 2023
Post category:Income Tax
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Important Due Date under Income Tax 7 April 2023 - Deposit of TDSDue date for deposit of Tax deducted by an office of the government for the month of March, 2023. However, all sum deducted…

Income Tax Rules effective from 01.04.2023

Post author:admin
Post published:March 31, 2023
Post category:Income Tax
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The Government has announced new rules which are applicable from 1st April 2023: 1. New Tax Regime: The New Tax Regime shall be treated as Default Regime. The taxpayers shall still have the option to…

Audit Trail Update

Post author:WhyTax
Post published:March 30, 2023
Post category:MCA
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Update on Audit Trail: According to MCA notification dated March 24, 2021 (Companies (Accounts) Amendment Rules, 2021), every company that uses accounting software to maintain its books of account shall use only Accounting Software that…

PAN AADHAR LINKING

Post author:WhyTax
Post published:March 26, 2023
Post category:Income Tax
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Section 139AA of the Income Tax Act provides that every individual who has been allotted a Permanent Account Number (PAN) as on the 1st day of July, 2017, and who is eligible to obtain an…

HSN Code Reporting in e-Invoice on IRPs Portal

Post author:WhyTax
Post published:March 24, 2023
Post category:GST
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1. We would like to bring to your attention notification no. 78/2020 – Central Tax dated 15th October 2020. As per the above-said notification, it is now mandatory for taxpayers to report a minimum of…

Taxpayer registering as “One Person Company” in GST

Post author:Shivani Jain
Post published:March 22, 2023
Post category:GST
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As per provision of section 2(62) of The Companies Act, 2013 “One Person Company” is defined as a company which has only one person as member. Some issues have been raised by the persons registering…

Returns Applicable for Salaried Individuals for AY 2023-24

Post author:admin
Post published:March 1, 2023
Post category:Income Tax
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1. ITR-1 (SAHAJ) – Applicable for Individual This return is applicable for a Resident (other than Not Ordinarily Resident) Individual having Total Income from any of the following sources up to ₹ 50 lakh: a.…