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CBDT issues guidelines for Taxing Partnership Firms on its Reconstitution

CBDT issues guidelines for Taxing Partnership Firms on its Reconstitution

Recently, The CBDT issues guidelines for taxpayers under section 9B. The new notification by CBDT sets new guidelines for taxing partnership firms in India. Therefore, everyone needs to know the new taxation rules to make the right decision while dissolving or reconstituting the company. In this article, we will read about CBDT issues guidelines for … Read more

5 Important updates for Employees Provident Fund subscribers

5 Important updates for employees provident fund subscribers

Important updates for Employees provident fund subscribers again, relating to reliefs amid pandemic. Taxpayers and people having EPF Registration must note these new updates. These latest EPFO updates include a second Covid-19 advance to non-refundable advance from the EPF account.  These updates are very crucial for anyone as these can help people fight covid-19 and … Read more

DGFT Extends Deadline for IEC Renewal

DGFT extends deadline for updation of IEC on Annual Basis

DGFT extends the deadline for updating of IEC on an Annual Basis as many registrants were missing the deadline. As we know, the second wave of the Coronavirus pandemic hit India very hard. Most of India was under lockdown. Therefore, businesses face many difficulties to update IEC. In this article, we will discuss DGFT extends … Read more

MCA extended time for ROC return filing for Companies and LLP

MCA extended time for ROC return filing for Companies and LLP

MCA extended time for ROC return filing for Companies and LLP is a massive relief for companies. As most of us know, the stakeholders are facing many difficulties amid the coronavirus crisis. Moreover, several stakeholders requested MCA to extend the deadline for return filing.  In this article, we will understand the notification of MCA extended … Read more

How ISO 9001 Certification quality standard has evolved over time

How the ISO 9001 quality standard has evolved over time

As we know,  the ISO (International Organization for Standardization) has developed into the World’s leading International body for setting industrial, commercial, and technical standards. Specialists from UAE-based UCS converse the development of ISO 9001 and how it may assist associations to improve or set themselves. This article explains all the important things about How ISO … Read more

The future of Digital Accounting in India

The future of Digital Accounting in India

The future of Digital Accounting is very bright in India. As we all know, Every business is shifting to an online marketplace. Similarly, Accounting is also rapidly available now digitally. Experts estimate that the future of digital accounting is increasing at a significant percentage of 8.6%. Therefore, In this article, we will read about digital … Read more

Government includes Retail and Wholesale trade under MSME

Government includes Retail and Wholesale trade under MSME

Government includes Retail and Wholesale trade under MSME is a piece of good news for the industry. This news was announced on 2 July 2021. As a result, Retail and Wholesale traders feel hopeful for the promising opportunities that MSME Registration provides. Earlier, MSMEs excluded them under MSME Development Act, 2006 in 2017. Therefore, everyone … Read more

Top Data analytics Agency Exasol Achieves ISO Certification

Top Data analytics Agency Exasol Achieves ISO Certification

Exasol Achieves ISO Certification is exemplary why anyone needs and must have ISO Certification. Exasol is the top data analytics agency and is famous worldwide. Recently, Exasol has awarded itself with the ISO/IEC 27001. Therefore, In this article, we will look deep into Top Data analytics Agency Exasol Achieves ISO Certification. In addition, we will … Read more

GST on Supply of Electricity

GST on Supply of Electricity

As we know GST on the Supply of Electricity is confusing to many people. The reason is it is hard to qualify Electricity as a good or service. Also, whether or not a tax is payable in combination with the delivery of power combining with some other service components to clients. Therefore, in this article, … Read more

TDS on Purchase of Goods to be effective from July 2021

TDS on Purchase of Goods to be effective from July 2021

As we all know, Till now, there are several TDS provisions to cover services related transactions such as professional services, rent, interest, work contract, etc. Now, The Indian Government has introduced a new section 194Q in the Income Tax Act, 1961 vide the Finance Act, 2021. As per Section 194Q w.e.f. July, 1st 2021 where … Read more