Benefits of ISO 45001 and ISO Certification is very popular among businesses. The reason for its popularity is it gives an additional boost whether it’s a new business or an already established one. Moreover, it helps in meeting the legal requirements, boosting and productivity, and much more. Whoever wants to set a solid foundation or grow … Read more
The Ministry of Finance has recently made some amendments to the Finance Act to smoother the tax collection process. The amendment is the introduction of a new sub-section (1H) in section 206 C. The sub-section defines that the person whose annual sale of goods is more than Rs 50 Lakh compared to last year, then … Read more
Agriculture or processed products export development authority was developed by the management of India under the act passed in December 1985 by the Parliament. APEDA is mainly mandated with the accountability of an export development of the food products, such as dairy products, fresh vegetables, or fruits. APEDA not only fixes the specifications but also … Read more
Due to the Covid-19, the central government has issued the notification wherein relaxation was provided to Companies and LLPs in the filing of forms without payment of any additional fees where it has been due for filing for a specified period, the Ministry has issued a clarification listing out the forms covered under such relaxation. … Read more
FIEO seeks immediate release of export benefits from government agencies to make the shipments more profitable. The benefits include MEIS (Merchandise Exports from India Scheme), GST, and RoDTEP (Remission of Duties and Tax on Exports Products). FIEO stands for The Federation of Indian Export Organizations that comes under the Ministry of Commerce and it was … Read more
Corporate Tax in India is one of the crucial sources of income to the Indian Government. Most of us know about Income Tax or ITR Filing, but only a few of us know about Corporate Tax. Therefore, in this article, we will read about Indian Corporate Tax in detail. Whether you are a corporate or … Read more
Due to the Covid-19, the Government has extended the due date of filing ITR for Assessment Year 2021-22 for individuals by two months till September 30. The Central Board of Direct Taxes (CBDT) also extended the ITR filing deadline for companies by a month till November 30. In this article, we will discuss Income Tax … Read more
The National Financial Reporting Authority (NFRA) was established on 1st October 2018 by the Government of India under the Companies Act, 2013. The Ministry of Corporate Affairs under the Government of India administers NFRA to regulate the auditing standards in the country. Composition of the Authority (NFRA) NFRA should be composed of one Chairperson, three … Read more
The destination-based Goods and Services Tax (GST) was launched in the year 2017 to make India a unified market. Since its launch, there has been a surge in the collection of indirect taxes in the country to clear all pending GST refund claims. However, it also had its own challenges in the journey down the … Read more
Due to the Covid-19, the Income Tax department on Wednesday said it has issued over Rs 24,792 crore refunds to more than 15 lakh taxpayers so far this fiscal. Of this personal income tax refunds worth Rs 7,458 crore has been issued in over 14.98 lakh cases. Corporate tax refunds of Rs 17,334 crore have … Read more