Eaztaxbiz

New Year 2024

Team Spirit Congratulations Akash & Vaishali on your achievements...

The Best Way to Celebrate Festival is Celebrating with your Team ...

Happy Diwali to Team

Teamwork begins with working together and is even more rewarding when you celebrate together...

VACANCY

Location: Pimpri Near Finolex Chowk.

Office No. 403 B Zone Above Maharashtra Electronic Showroom, Old Pune Mumbai Highway, Pimpri Pune 411018

Post

*Article Assistant/ Audit Assistant 2 Position*

Graduate - Basic Knowledge of Tally, Excel, Income Tax and GST .

*Audit Executive 2 Position*

Graduate with DTL or Post Graduate or CA Inter Student - Having Knowledge of Income Tax, Return Filing, GST, Excel, Good in Communication.

Contact
Vaishali Kulkarni
9921010284

Key Highlights Budget 2023

*Indirect Taxes*
1. Customs duty on goods of textiles, toys, bicycle reduced from 21 to 13%
2. To promote Green Mobility - basic customs duty concession for lithium ion battery
3. To promote Electronics manufacture- relief on customs duty for camera lens and lithium battery
4. Television - TV panels customs duty reduced
5. Electric kitchen chimney to reduce inverted duty structure from 7.5 to 15 percent
6. Benefit for ethanol blending program and acid program and epichlorohydrine
7 Marine Products- to promote exports - shrimps, etc. Duty on shrimpfeed reduced
8. Basic Customs duty reduced for seeds in manufacture for diamonds
9. Customs duty to increase in silver bars
10. Steel - concessional customs duty on steel and ferrous products
11. Copper - concessional customs duty on copper
12. Rubber - concessional customs duty on rubber
13. Ci******es - increased tax

*Direct Taxes*
1. Common IT form and grievance redressal system
2. MSME - avail benefit of presumptive taxation increased to 44AD to 3 crores
Professionals u/s 44ADA - 75 lakhs
Provided receipt in cash doesn't exceed 5%
3. TDS only on payment for deduction
4. Co-operatives tax -15%
Higher limit of 2 lakh per member for cash deposit in agricultural banks
Higher limit of Rs. 3 crores on TDS for cooperative societies
5. Startups
To avail startup benefits from 31-03-2023 to 31-03-2024
6. 100 new joint commissioners for appeal
7. S.54 to S.54F capped at 10 crores
8. TDS on Online gaming -
9. TDS 30% to 20% on taxable portion of EPF
10. Extending funds for GIFT and IFSC

*Personal Income Tax*
1. Rebate for income upto 7 lakhs u/s 87A in the new tax regime

2. New tax regime from
0-3 lakhs nil
3-6 lakhs- 5%
6-9 lakhs 10%
9-12 lakhs 15%
12-15 lakhs 20%
Above 15 lakhs- 30 %

3. Standard deduction for new tax regime for Rs. 15.5 lakhs or more -52,500

4. Reduction of highest surcharge from 37% to 25% on new income tax regime

5. Limit on tax exemption for leave encashment is increased from 3,00,000 to 25,00,000

6. New income tax regime default regime

NRI TAXATION SELL OF IMMOVABLE PROPERTY IN INDIA

I found many Tax Payers – Non Resident Indians who are willing to sell their property in India were unknown of the procedures of NRI Taxation on Sell of Immovable Property in India …

So I Thought to put a light on the NRI Taxation on Sell of Immovable Property in India ….

Here :

Sachet is a character who is “willing to know”

Suvidnya is a character who is “knowledgeable”

Lets see and understand from their conversation “NRI Taxation on Sell of Immovable Property in India”

EAZTAXBIZ on LinkedIn: NRI TAXATION SELL OF IMMOVABLE PROPERTY IN INDIA I found many Tax Payers – Non Resident Indians who are willing to sell their property in India were unknown of the procedures of NRI Taxation on Sell of…

Congratulations CA Monika Jadhav ...We are proud of You...

#

Congratulations to Juili Deshpande & Roopesh Sarode for being awarded as Performer of the Year 2022 & Rising Star of The Year 2022...

Happy New Year 🎊

Many a Times we receive an email from Income Tax Department Stating Income Tax Refund adjusted against outstanding demand? Isn’t It?
And it is when we are expecting a Cash Flow from Refund …!!!
I am Kidding! But it is the truth… It is often seen that Refund adjustment orders are received in your mail box and you fail to know whether there was any Demand Outstanding?

It is Section 245 which plays role when an Income Tax Officer adjusts Refund against outstanding demand … No one is interested in the “Section” but the procedure …

First
How to check whether I have any Outstanding Demand ?
Second
How to Say I Disagree with your Demand ?
Last Question
How to apply for Refund Re-issue ?

We at Eaztaxbiz provide Virtual CFO Services.

Virtual CFO Services helps an organisation to get expert consulting for their companies financial strategy management.

of Hiring CFO # Budget Forecast, Financial Management, Cost Analysis, Internal Controls, Representing Companies, Goals, Targets, etc.

Eaztaxbiz India Pvt Ltd, Pune is looking to hire CA with 1-2 years Experience - Audit & Taxation department.

Interested candidates can share their updated resume: [email protected]

Wishing You a Happy & Prosperous New Year 2022

Strength does not come from physical capacity, It come from an indomitable will - Mahatma Gandhiji

Happy Engineeers Day to All Engineers...

Happy 75th Independence Day...

Happy Gurupournima # Eaztaxbiz

#2021

We wish you a happy, healthy, prosperous and successful new beginnings this Padwa...

Do Gaz ki Duri # Mask Hai Jaroori

Team EAZTAXBIZ