Tax Audit Due Date Extended to 07-October-2024
Key Takeaways: The CBDT extended the due date for filing tax audit reports under Section 44AB for AY…
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Karwa & Associates
Applicability of Accounting Standards to Non-Company Entities
Key Takeaways: This post explains which accounting standards apply to non-company entities such as partnership firms, LLPs, trusts…
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Summary of the Major Decisions from the 54th GST Council Meeting
Key Takeaways: The 54th GST Council meeting decided key rate changes including namkeens down to 12 percent, cancer…
Read ArticleCHANGES FROM 1ST SEPTEMBER 2024
Key Takeaways: From 1 September 2024, several GST and income tax changes took effect, including reporting of high-value…
Read ArticleHow can NRIs e-Verify IT Return from Abroad? Step-wise procedure
Key Takeaways: NRIs can e-verify their income tax return from abroad through net banking without visiting India. This…
Read ArticleHighlights of Union Budget 2024-25
Key Takeaways: Union Budget 2024-25 focused on employment, skilling, MSMEs and the middle class with 105 key highlights.…
Read ArticleHow to file F&O Income in ITR
Key Takeaways: Income from futures and options trading is treated as business income and must be reported in…
Read ArticlePrepaid Insurance Calculator
Key Takeaways: This calculator helps compute prepaid insurance expenses for accurate accounting. By entering the premium amount, policy…
Read ArticleKey Recommendations made by the 53rd GST Council
Key Takeaways: The 53rd GST Council meeting recommended 11 key measures including waiver of interest and penalty on…
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