Blog by TAXAJ

As we all know, from assessment year 2013-2014 onwards, tax audit report as required under section 44AB is required to be filled electronically.

The assessee who is subject to tax audit as per the income tax act should add the appointed CA from the income tax e-filing account. Once the assessee will add CA from the account on the income tax e-filing portal, the CA can upload the Tax Audit Report.

Over the last decade, Information Technology has gone through an exponential expansion phase in India and globally. This has led to an increase in the supply and procurement of digital services.

Even businesses that succeed wildly in the past may fail quickly if money stops coming in even for a few months or when the consumer expectations change.

The attestation of a Chartered Accountant on a certificate or any such document is of immense value since it usually signifies that the Chartered Accountant, in his professional opinion, has ensured that there is no misrepresentation by the entity issuing/submitting such a document.

To reduce the hardships faced by the taxpayers, the govt has inserted Section 197 which states that in case the total tax liability at the end of the person whose TDS is being deducted is less than the amount of TDS that is being deducted, he may file an application........

DPT 3 is a return of deposits that companies must file to furnish information about deposits and/or outstanding receipt of loan or money other than deposits. Every company needs to file annual form DPT-3 (Return of Deposits) which is due on or before 30th June 2020.

Link PAN card with Aadhaar card right now if you haven't already done so. June 30, 2020 is the new deadline to link your Aadhaar card and PAN card. As per a directive from the Income Tax Department, it is mandatory to connect your Permanent Account Number (PAN) with Aadhaar card.

There will be no late fee for those who have no tax liability and have not filed returns between July 2017 and January 2020, the government announced today while easing compliance rules for Goods and Services Tax (GST) compliance.

In this post, we will be discussing the errors faced by the taxpayers while filing TDS returns. We have provided description for these errors so that you can go back and correct your file accordingly.

Government rolls out facility of filing of Nil GST return 3B through SMS

Beverage maker PepsiCo signed actor and Bollywood man-of-the-moment Sonu Sood for a one-off Instagram campaign that centres around contactless greetings and encourages people to adhere to physical-distancing norms.

The authorized capital of a corporation is the maximum sum of share capital for which shares could be issued by a corporation. The initial authorized capital of the corporation is stated in the Memorandum of Association of the Company under the heading of “Capital Clause”.

Keeping in view the ease of doing business, new form SPICe+ is notified for the incorporation of a company and incidental registrations. The form SPICe+ replaces the existing SPICe form.

Taxpayers including individuals, Hindu undivided family, professionals and businesses, will be able to avail benefits of savings or investments made between April 1 and June 30, following the extension timelines provided by the finance ministry owing to COVID-19 pandemic.

Solvency certificate is a document which provides information about the financial stability of an individual/entity. This certificate is required by the government and commercial offices to be sure about the financial position of individuals/entities

Registration under section 25 (2) covered where two separate registration can be obtained in single state due to different business vertical.

E-copies of your driving license and vehicle registration certificates kept in DigiLocker are now treated as valid documents. If you break a traffic rule, there is no need of physical seizure of such documents.

How to apply for MSME loan online? Here is a step-by-step guide on how to apply for MSME online. Find out the documents required and what is the new MSME policy

CARO 2020 is a new format for issue of audit reports in case of statutory audits of companies under Companies Act, 2013. CARO 2020 has included additional reporting requirements after consultations with the National Financial Reporting Authority (NFRA).