Reading Time: 3 minutes2000 rupee note, According to the Latest statement of the Reserve Bank of India, RBI has decided to withdraw Rs 2,000 notes from circulation but it will continue as legal tender even after 30 September 2023, RBI has issued clarifications about Rs 2000 Notes discontinuation   Frequently Asked Questions on 2000 rupee note 1. Why
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Reading Time: 2 minutesThe 233rd meeting of Central Board of Trustees, EPF was held today in Delhi under the Chairmanship of Shri Bhupendra Yadav, Union Minister for Labour & Employment and Environment, Forest & Climate Change. The Vice-Chairmanship of Shri Rameshwar Teli, Union Minister of State for Labour & Employment, Petroleum & Natural Gas and Co-Vice-Chairpersonship of Ms.
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Reading Time: 2 minutesLast date for PAN-Aadhaar Link , In order to provide some more time to the taxpayers, the date for linking PAN and Aadhaar has been extended to 30th June, 2023, whereby persons can intimate their Aadhaar to the prescribed authority for Aadhaar-PAN linking without facing repercussions. Notification to this effect is being issued separately. Under the
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Reading Time: 2 minutesPublic Provident Fund (PPF) is a retirement planning-focused instrument, that was introduced by the National Savings Organization in the year 1968. PPF Account has a lock-in period of 15 years and it comes with an EEE (Exempt-Exempt-Exempt) tax status. The key feature is that the maturity amount and the overall interest earned during the period
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Reading Time: 2 minutesIncome tax on youtube income, With the rise of social media, the demand for content creators and bloggers is the highest ever and on the rise. The Youtube Videos /blogging profession is popular due to the platform it offers for expression and it is a very lucrative career now a days. The income earned by
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Reading Time: 4 minutesSection 139AA of the Income Tax Act provides that every individual person who has been allotted a Permanent Account Number (PAN) as on the 1st day of July, 2017, and who is eligible to obtain an Aadhaar number, shall intimate Aadhaar number in the prescribed form and manner. In other words, such persons have to
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Reading Time: 4 minutesGSTN has informed the taxpayers that the functionality for geocoding the principal place of business address (i.e. the process of converting an address or description of a location into geographic coordinates) is now available on the GST Portal. The above-said feature is introduced to ensure the accuracy of address details in Goods and Services Tax
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Reading Time: 5 minutesCompounding of Offences under GST or Compendium on prosecution in GST, to understand the Compounding of Offences under GST read section 138 of the Central Goods and Service Tax Act, 2017 which deals with the provisions of compounding of offences under GST Act, along with rule 162 of the Central Goods and Service Tax Rules,
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Reading Time: 13 minutesRefund of Unutilized Input Tax Credit (ITC), Accumulation of Input Tax Credit (ITC) happens when the tax paid on inputs is more than the output tax liability. Such accumulated ITC is allowed to be carried over to the subsequent tax periods till such time it can be utilized by the registered person for payment of
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Reading Time: 2 minutesGST mail id and mobile no change, In the case of the Primary Authorized Signatory, has died or He/ She is not traceable, you just need to approach the relevant jurisdictional Tax Officer to get the password for the GSTIN allotted to your business. You can check your relevant jurisdiction in the Registration Certificate. Alternatively,
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