Some of the salient features of the new E-Way Bill are as under: (1) Every registered person who causes movement of goods of consignment value exceeding 50,000/- shall, before the commencement of such movement, furnish information relating to the said goods in Part-A of FORM GST EWB-01, electronically, on the common portal and a unique […]
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Generally, depreciation is an allowance which is available for persons/entities having income from business or profession. As per the CBDT Notification No. 103/2016, the highest rate of depreciation allowable as per income tax has been restricted to 40% for all assets, which were eligible for depreciation at a rate higher than 40%. The amendment is […]
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Income Tax department has given the deadline as March 31st, 2022 for filing the income tax returns for the period FY 2021-22 and FY 2021-22. It is recommended that you start with the process immediately and file your tax returns much much before the last date to avoid last minute issues. Finish your Tax Returns […]
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GSTN introduced new validation criteria for calculating Tax amount of the product line items in sales invoices and other GSTR-1 documents. According to this new validation format provided by the Goods & Services Tax Network (GSTN), you will have to calculate the tax amount of every line item to be rounded up to two digits […]
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Director identification number (DIN) is a unique identification number that is allotted to every Director under the Companies Act 2013. Filing an application in eForm DIR-3 was sufficient to obtain DIN. This was a one-time process for any person who wants to be a director in one or more companies. However, the Ministry of Corporate […]
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