Key Highlights of Budget 2022

Senior citizens can withdraw money from SCSS, PPF etc. via authorized person.

http://utilities.cept.gov.in/dop/pdfbind.ashx?id=5764

Notification no.31/2021

CBIC exempts an registered person whose aggregate turnover in F/Y 2020-21 is upto two crores, from filling annual GST return...

Form 10-IE

Assessee who wish to opt taxation U/s 115BAC i.e New Tax regime. download form 10-IE from link below to intimate...

Addition of Retail & Wholesale trading under MSME

Under the revised guidelines, MSME has issued order to include retail and wholesale trade as MSME and extending to them...

Rates for Tax Deduction at Source

Download rate for TDS for A/Y 2022-23 from here

Mandatory use of Accounting Software having Audit Trail

w.e.f FY commencing on 01.04.21 every company shall use accounting software having feature to record audit trail of each transaction,...

HSN code on GST portal

GSTN has enabled new functionality to search by Name or code on GST portal.

Effects of New Income tax Regime

Tax payers having business income are not eligible to choose between existing tax & new tax regime every year.

Budget-21

Budget may give tax relief on insurance in wake of Covid