Monthly Archives: December 2019

GST, UPDATE

Not filing your GST returns- Be prepare for strict action by department

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Standard Operating Procedure to be followed in case non-filing of GST returns Doubts have been raised across the field formations in respect of the appropriate procedure to be followed in case of non-furnishing of return under section 39 or section 44 or section 45 of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as … Continue reading Not filing your GST returns- Be prepare for strict action by department →

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BOOKKEEPING

Benefits of outsourcing accounting work to professionals

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The value of working with a bookkeeper is undisputed; bookkeepers are professionals at managing the day-to-day financial transactions of business, providing the business owner with the information necessary to make sound financial decisions for the future. What’s more, there is no doubt that regardless of the type of business that you operate, bookkeeping and accounting services are … Continue reading Benefits of outsourcing accounting work to professionals →

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Income Tax

Income Tax Slabs & Rates : A.Y 2020-21 [F.Y. 2019-20]

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Under existing rules of the Income Tax Act, 1961, resident Indian , non-resident Indians (NRIs) , HUF and AOP are taxed according to following tax slabs and rates. The following are the IT slabs and slab rates for FY 2019-2020.   1. In case of an Individual (resident or non-resident) or HUF or Association of … Continue reading Income Tax Slabs & Rates : A.Y 2020-21 [F.Y. 2019-20] →

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