Q 1: What is QRMP scheme? What are its benefit? A: Quarterly Return, Monthly Payment of Taxes (QRMP) Scheme is a scheme to simplify compliance for small taxpayers. Under this scheme, taxpayers having an aggregate turnover at PAN level up to Rs. 5 crore can opt for quarterly GSTR-1 and GSTR-3B filing. Payment can be …
Document Startup India Seed Fund Scheme (SISFS) has been approved for the period of next four years starting from 2021-22. It will be implemented with effect from 1st April 2021. The Scheme aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. Rs. 945 Crore corpus …
Greetings, The National Startup Awards 2021 seek to recognize and reward outstanding startups and ecosystem enablers that are contributing to economic dynamism by spurring innovation and injecting competition. Startups that are building innovative products/solutions, scalable enterprises, with high potential of employment generation or wealth creation, demonstrating measurable social impact. A grand total of 49 areas …
CS Nagendra D Rao, elected as President and CS Devendra V Deshpande, elected as Vice-President of the Institute of Company Secretaries of India for the year 2021 w.e.f. 19th January, 2021. The ICSI elects its New President and Vice President for the year 2021 PROFILE OF NAGENDRA D RAO, PRESIDENT, THE ICSI A Fellow Member …
The last date to fill the ITR for the financial year 2019-20 was 10 January 2021, which has passed. The government has extended the date of filing income tax returns many times, even if you forget to fill your ITR, there is no need to panic, you can still fill your Income Tax Return. ITR …
Issuance by Authorised Branches of State Bank of India (SBI) during January 01-10, 2021 The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 2nd January 2018. As per provisions of the Scheme, Electoral Bonds may be purchased by a person (as defined in item No. 2 (d) of …
Document certain notified taxpayers have been preparing and issuing invoices by obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) (commonly referred as ‘e-invoice’). Details from such e-invoice are be auto-populated in respective tables of GSTR-1, and GSTR-1 is a part of GST. Due to some unanticipated issues, there has been delay in auto-population …
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has clarified this in its recent order. This will allow accurate calculation of capital gains or losses. The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), in its recent order on the tax on capital gains from the sale of houses, has clarified that …
Document The good news for millions of taxpayers who have given declarations under the Vivad Se Vishwas scheme, and want to add some changes or improvements or something to it. The IT department has given answers to all such questions in its new FAQs set. You also understand. If you have given the Declaration under …
Government efforts to revive the economy after the lockdown opens, seem to be getting results. Earlier in October too, the GST collection was Rs 1,05,155 crore. In the midst of the Corona crisis, good news has come for the government for the second consecutive month on the economic front. The collection of Goods and Services …