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Tax audit & ITR Filing due date extension for FY 2018-19/ AY 2019-20

    Tax audit & ITR Filing due date extension for FY 2018-19/ AY 2019-20 All Gujarat Federation of Tax Consultants (AGFTC) & Income Tax Bar Association (ITBA) have requested for Tax audit & ITR Filing due date extension for FY 2018-19/ AY 2019-20 to Smt Nirmala Sitharaman, Hon. Union Minister of Finance due to Hardships…

What are the major assessments under the Income tax Law

    ​​​​​​​Meaning of Assessment: Every taxpayer has to furnish the details of his income to the Income-tax Department. These details are to be furnished by filing his return of income. Once the return of income is filed by the taxpayer, the next step is the processing of the return of income by the Income-tax Department….

Presentation on Measures to Boost Economic Growth by Union Minister of Finance & Corporate Affairs

    Presentation on Measures to Boost Economic Growth by Union Minister of Finance & Corporate Affairs On 14th September 2019, Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman’s has given a Presentation on Measures to Boost Economic Growth. The Presentation is given below for referance: Follow up on Announcements made • Announcements were…

E-way bill : Definition, Benefits, Requirements & Validity

    E-way bill : Definition, Benefits, Requirements & Validity What is e-way bill? E-way bill is basically a compliance mechanism, wherein by way of digital interface, the person causing the movement of goods, uploads the relevant information prior to the commencement of movement of goods. This means that the person who is affecting the movement…

Difference between form 3CA & 3CB – Income Tax Audit Form

    Difference between form 3CA & 3CB – Income Tax Audit Form Relevant Rule : Rule 6G of Income Tax Act: Report of audit of accounts to be furnished under section 44AB. 6G. (1) The report of audit of the accounts of a person required to be furnished under section 44AB shall,— (a) in the…

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