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!