In the Union Budget 2022, the government suggested the idea of an updated return for income tax purposes. This article will discuss all about Filing of Form ITR-U. So, what exactly is a revised ITR or Updated ITR or ITR-U? In accordance with section 139(8A) of the Income Tax Act, taxpayers who subsequently learn they … Read more
A sole proprietorship is limited in its ability to reap the full rewards of business expansion. Therefore, transforming the sole proprietorship into a Private Limited Company is beneficial for many businesses. Benefits like increased capital, limited liability, and more may follow the conversion as a result of the business structure change. Although changing from sole … Read more
According to a notification sent by the Indian government late on Friday, the export restrictions for sugar have been extended by one year, until October 2023. Due to a spike in local prices caused by record exports, the world’s largest sugar producer, India, imposed export restrictions in May that lasted until October 22, 2022. This … Read more
GST Registration is a process by which a taxpayer gets himself registered under GST. Once a business is successfully registered, a unique registration number is assigned to them known as the Goods and Services Tax Identification Number (GSTIN). If one wants to get GST Registration for bike dealers, they need to keep in mind the … Read more
The CBDT has extended the deadline for filing the TDS Return/ Statement in Revised/ Updated Form 26Q, related to non-salary deductions of tax at source, for the fiscal year 2022-23’s second quarter (Q2) (July-September 2022). The latest updates to TDS Return Filing Form 26Q due date extension are discussed in this article. What is TDS … Read more
The Central Board of Direct Taxes (CBDT) has extended the deadline for filing income tax returns (ITRs) for companies and individuals whose accounts are subject to audit. The previous ITR Filing due date was October 31, 2022 for these assessees. Let us understand the latest updates on ITR Filing Due Date further extended for AY … Read more
If you wish to start any food business including packaged milk business, you will need to get a mandatory license or registration in India. The license or registration is none other than FSSAI Registration. Dairy product makers must have the FSSAI-Food safety license or Registration in order to comply with the law. The size and … Read more
Startups most often don’t realize the importance initially. However, when they dive into business and competition, they regret not having done it earlier. Therefore, if you are running a startup business, and need to know the importance of Trademark Registration online, continue reading this article. A Brief overview of Importance of Trademark For today’s business … Read more
According to section 139 (1) of the New Companies Act 2013, after appointing an auditor, a company must notify the ROC in a certain way. This is accomplished through the use of Form ADT-1. Learn about Auditor Appointment form ADT-1 through this article. What exactly is an ADT-1 form? When a company names an auditor … Read more
All exporters of spices, whether they be producers or merchants, are required by law to register with the Spice Board and get an official registration certificate. In addition, the incorporation certificate is required to complete import/export procedures in accordance with the Spices Board Act of 1986. Whoever engages in the exporting of spices without having … Read more