Fintax Professionals

Doodh ka, kheer ka, salary ka, tax ka, investments ka, payables ka, receivables ka...

sabb ka hisaab denge! 😂

You still have a last chance to file or amend your income tax return for FY 2021-22,

Make sure you do it well in time and right!

Considering the difficulties in filing of TDS statement in the revised and updated Form 26Q, the Central Board of Direct Taxes (CBDT) has extended the due date of filing of Form 26Q for the second quarter of Financial Year 2022-23 from 31st October, 2022 to 30th November, 2022.

CBDT Circular No. 21/2022 in F.No.275/25/2022-IT(B) dated 27.10.2022 issued.

Greetings for Dhanteras
May the festival bring best of prosperity and blessings to you.

An appreciative update for taxpayers, now input tax credit can be availed and issue credit notes be issued till 30th November instead of 30th September of the subsequent financial year.

year

E-invoicing turnover threshold now has been decreased to INR 5 Crores w.e.f. 1st January 2023.

To know more about e-invoicing read our earlier post here 👇
https://www.facebook.com/fintaxprof/posts/pfbid0YsrBWchT9V3DdoxLZA29V2AtnTd1382CYfTeDEC5szNovgcpHUx8xdu9dbB4VW8Zl

Happy Dusshera

May the victory of good over evil always prevail.

E-invoicing under GST has become mandatory w.e.f 1st October 2022 with a decreased threshold limit of INR 10 Crores

The penalties of non-compliance can go upto 100% of the taxes due in each invoice.

Read below to know more about e-invoicing!

DIR-3 KYC date has been extended by the Ministry of Corporate Affairs, coming as a much relief during the clash with Tax Audits filing.

Are you hooked to online games and winning money like a pro?
Make sure you file your income-taxes right on these wins.

In case, you have missed on reporting during in the last financial years, you have a chance to do the same!

May Krishna be our guiding force always!

Praying for Krishna's blessing & wisdom for each and everyone.

Greetings to the entire nation on the occasion of 75th year of Independence of the country.

We wish everyone Eid Mubarak to everyone.
May the good lord bless everyone with the patience and willingness to obey the best of his orders.

Are you a travel freak?

Do you know that income tax returns are to be filed mandatorily filed if you have spent INR 2 Lakhs or more on foreign travel of yourself or for your relative.

File your income tax returns right and on time.

Get in touch for any assistance.

Eating out can now be a more fun activity.

The due date for income tax return filing is fast approaching.
File your return timely and claim the benefits that come along with it.

Reach out to us for professional guidance!

The 47th GST Council Meeting was held on 29th June 2022 in Chandigarh. The meeting was headed by Ms. Nirmala Sitharaman and changes recommended will be made effective from 18th July 2022.
We present to you some key highlights of the meeting.

changed

There is this set of people who:: work odd hours, behind the scenes, drive the numbers, drive the compliances, make lives better managing the numbers, make their lives worse managing OTPs, are half-dead post the deadlines, follow-up like a stalker to get things done, go unnoticed, go unappreciated, skip work-life balance… these are the Chartered Accountants!

Greetings on the 74th National Chartered Accountants Day

We wish prosperity, happiness, success and work-life balance to all Chartered Accountants!!

The GST portal has now enabled the option for unregistered persons to claim refunds by creating a temporary ID.

Wishing the understated core cheif finance and tax professional of indian households a very happy father's day.

Important advisory by the GSTN on GSTR 2B for May 2022.

Make sure you claim the right amount of ITC and do not land up in soup due to technical glitches.

The CBDT has made it mandatory for submission of PAN in certain deposits. See details below:

Relaxation given to professionals for UDIN generation.

UDIN was a step to streamline the certification of documents by professionals and has now become an additional task for professionals.

This relaxation should bring some relief.