Are you prepared to assure data privacy in your organisation?

If Pandora’s box could be opened in the 21st Century, do you know what would crawl out? Data. Data has definitely become the myth, bring along with it a mystifying question: How do we deal with something so intricate and valuable but intangible? The threads of data have become so entangled with our lives that, often … Continue reading Are you prepared to assure data privacy in your organisation?

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Register your business under MSME

MSME Registration and its Benefits The true mark of a growing and developing society lies in the way it protects its weak. In any industry, the weakest but the most vital are the smallest establishments that carry out, quite often, essential businesses that are the source of most of the primary production in the country. … Continue reading Register your business under MSME

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COVID 19 – Readiness Assessment Checklist

Have you done readiness assessment for your business? With the rapid global spread of coronavirus, companies should focus first and foremost on employee safety and as they’re reviewing their strategies, policies, and procedures, many leaders are specifically wondering about their legal risk. Not having adequate communicable-illness policies and response plans could expose them to a … Continue reading COVID 19 – Readiness Assessment Checklist

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

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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Benefits of outsourcing accounting work to professionals

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

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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Time to file Income Tax Returns For Financial Year 2018-19

  The income tax department has notified I-T return forms for individuals and companies for the assessment year 2019-20.The time has come for all of us to start filing our income tax returns (ITR). This year it becomes all the more important to file it on time as there is a penalty for missing the deadline. … Continue reading Time to file Income Tax Returns For Financial Year 2018-19

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Key changes in interim budget 2019

Key changes in interim budget 2019 Key changes in interim budget 2019Finance Minister Piyush Goyal’s much-awaited Interim Budget that was presented in the Lok Sabha on 1st February 2019 came as a big income tax bonanza for middle-class individuals. While there were several sops for the agriculture sector, the key changes in the tax payable … Continue reading Key changes in interim budget 2019

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A note on composition scheme in GST

A note on composition scheme inGST Composition Scheme (Not Applicable in following cases) Taxpayer supplying exempt supplies. Taxpayer having Interstate supplies. Supplier of services other than restaurant related services. Manufacturer of ice cream, pan masala, or tobacco. Casual taxable person or a non-resident taxable person. Businesses which supply goods through an e-commerce operator. Conditions for … Continue reading A note on composition scheme in GST

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