Helping Startup's

All you need to know about scheme.

CBDT extends due date for filing of Form 10B/10BB for FY 2022-23 to 31.10.2023.

Due date for furnishing of ITR in Form ITR-7 for the AY 2023-24 also extended to 30.11.2023.

CBDT Circular No. 16/2023 dated 18.09.2023 issued and is available at:
incometaxindia.gov.in

Income Tax Return Due Date for FY 2022-23 (AY 2023-24)

Related to Original/Revised/Belated and Updated ITR

Attention, GST Taxpayers whose Aggregate Annual Turnover exceeds Rs. 5 Crore in any of the preceding financial year!

GST Update
The government has decided to reduce the e-invoice limit from Rs. 10 Crores to Rs. 5 Crores from 1st August 2023.
This means that any taxpayer who has an aggregate turnover exceeding Rs. 5 Crores in any financial year from 2017-18 to 2022-23 will be required to generate e-invoices from 1st August 2023 onwards.
#2023

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Happy Independence Day 🌹

This Diwali, may Goddess Lakshmi remove all your troubles. May millions of lamps illuminate your life forever with endless prosperity, health, and wealth.

Wishing you and your family a very
🪔Happy Diwali🪔

Regards🙏

Happy Dushera 2022🎆
The team of Helping Startups wishes you all.
#2022 💫

CBDT extends the due date for filing of various reports of under the Income-tax Act for the assessment year 2022-23
from 30 September to 7 October.

Attention GST Taxpayers whose aggregate turnover exceeds Rs.10 crore in any financial year!

Generating E-Invoice for B2B Supply of Goods or Services or both, or for Exports is mandatory w.e.f October 01, 2022.


Source -

Revised defination of Small Company.
Notification dated 15.09.2022.

Happy Ganesh Chaturthi to all
HelpingStatup wishes you all..

Hare Krishna hare Krishna Krishna Krishna hare hare 😇🙏
Happy Krishna Janmashtami to all🙏
Kanha ji aap sabki sbhi manokamnayen puran kare.🙏🙏

Reminder for the Update:-
Applicability of Clause 44 and 30C for the Assessment Year 22-23 means for tax audit of financial year 21-22.
official -22

ATTN TAXPAYERS!

Revenue Secy Tarun Bajaj to
Govt not considering any extension of deadline to file Income Tax Return. Last date to file ITR is 31st July.

The earlier you file your ITR, the more you can relax! ITR filing for AY 2022-23 is available on e-filing portal.
Be an early filer & avoid the last minute rush.
Please feel free to get any assistance infiling the ITR.

Levy of GST Cess Extended up to 31/03/2026

CBDT issues Notification No. 65/2022 dt 16.6.22 providing for relaxation from TDS u/s 194I of IT Act,1961 in respect of lease rentals paid to aircraft-leasing units located in IFSC claiming exemption u/s 80LA of the Act.
It will come into force wef 01.7.22;
available on egazette

Attention Non-Resident GST Taxpayers!

Due date for filing monthly GSTR-5 Return for the month of March, 2022 is April 20, 2022.

Attention GST Taxpayers whose aggregate turnover exceeds Rs.20 crore in any financial year!

Generating E-invoice for B2B supply of goods or services or both, or for Exports is mandatory w.e.f April 01, 2022.

Attention GST Taxpayers!

Whose Aggregate Annual Turnover is upto specified limit can opt for GST Composition Scheme for the FY 2022-23 by March 31, 2022.

Attention GST Taxpayers whose Aggregate Annual Turnover for the FY 20-21 is more than Rs. 5 crore!

Today is the last date to file your Annual Return in Form GSTR-9 along with self certified Reconciliation statement in GSTR-9C.

Attention GST Taxpayers who are not under QRMP Scheme!

File your monthly GSTR-3B Return for the month of January, 2022 by February 20, 2022.
Source:

has issued Companies (Accounts) Amendment Rules, 2022 for companies covered u/s 135 (1).

It has introduced new Form CSR-2 which is required to be filed along with Annual Filing forms.

Also need to file it for all Annual Filing done for FY 20-21.

The extended due date for filing Form 29C is 15th February, 2022 for furnishing the report under section 115JC of Income-tax Act, 1961.
Let’s not wait till the last day.
File Now!!
official - source

*Highlights of Union Budget 2022-23*.

*General*
1. Paperless Budget. Presented on Tab by the FM.

2. Economic Growth to be 9.2% for FY 2022-23.

3. Railways to develop projects for MSME small businesses.

4. ECLGS Scheme extended till March 2023.

5. E-Passports will be rolled out in FY 2022-23.

6. Battery swapping policy will be implemented.

7. SEZ will be replaced with new legislation.

8. RBI to issue digital Rupee in FY 2022-23.

*Direct and Indirect tax*

1. New updated Tax Return Forms.

2. Updated ITR can be filed within 2 years from the end of relevant AY.

3. Reduce AMT for Cooperative Society from 18.5% to 15% & Surcharge reduced from 12% to 7%.

4. Tax relief for person with disability.

5. Tax deduction limit to NPS Account by state government employees raised to 14% from 10% in line with Central Government employees.

6. Gain on Virtual Digital Asset (VDA) taxed @ 30%. No deduction allowed and no set off allowed.

7. TDS @ 1% on transfer of VDA.

8. Surcharge on LTCG capped at 15%.

9. No set off of loss with the income arises during search operations.

10. Date of tax incentive for startup extended to March 2023.

11. Custom Duty on umbrellas 20%