Tax Management Associates

Tax Management Associates Provide a all type taxation service

01/02/2022

INDIA BUDGET: PROPOSE SCHEME TO TAX VIRTUAL DIGITAL ASSETS TO 30%



01/02/2022

The major announcements which have been made in this Budget are as under:-
1. Maximum surcharge on long-term capital gain is capped at 15%
2. Period of incorporation for eligible start-ups to claim the tax benefit is extended by 1 year
3. Income from the transfer of virtual digital asset shall be taxed at 30% with no deduction of expenses
4. Surcharge rate reduced from 12% to 7% on co-operative society having total income less than Rs. 10 crores
5. Income-tax return can be revised within 2 years on payment of additional tax
6. Rate of Alternate Minimum Tax (AMT) is reduced to 15% for co-operative societies
7. SEZ Act will be abolished and a new law will be enacted to enhance exports
8. Digital Rupee using block chain to be issued by RBI starting 2022-2023
9. IBC laws will be amended to enhance the resolution process and to facilitate cross border insolvency resolution
10. 5G will be rolled out in 2022-23 by private telecom players
11. 1,486 union laws were repealed last year in a step towards minimum government and maximum governance.
12. Pushing digital economy and fintech will be a priority for the Government
13. Start-ups would be promoted to facilitate 'drone shakti' for the promotion of drone usage
14. All post offices will come on the core banking system in year 2022
15. Issuance of E-Passports will be rolled out in 2022-23
16. 7 Engines have seen suggested for unison growth of India - Roads, Railways, Airports, Ports, Mass Transports, Waterways and Logistics infrastructure.

ITR Form
28/06/2018

ITR Form

Time se Income Tax Return file kar lena.
28/06/2018

Time se Income Tax Return file kar lena.

Net ITC is the Input Tax Credit availed by the Taxpayer in his ITC Ledger during the month or the period for which refun...
26/12/2017

Net ITC is the Input Tax Credit availed by the Taxpayer in his ITC Ledger during the month or the period for which refund is sought for.

Zero-­rated Supply Turnover is the value of total supplies made on account of exports out of India including export to S...
21/12/2017

Zero-­rated Supply Turnover is the value of total supplies made on account of exports out of India including export to SEZ for the month or period for which refund of ITC has been sought for. For more information on Refund, please visit the Help section on the GST Portal https://tutorial.gst.gov.in/userguide/refund/index.htm

Opting to file quarterly return is optional for taxpayers!
20/12/2017

Opting to file quarterly return is optional for taxpayers!

करदाता ध्यान दें इनपुट टैक्स क्रेडिट का लाभ प्राप्त करने के लिए टीआरएएन-1 फॉर्म फाइल करने की अंतिम तिथि 27 दिसंम्बर, 201...
19/12/2017

करदाता ध्यान दें इनपुट टैक्स क्रेडिट का लाभ प्राप्त करने के लिए टीआरएएन-1 फॉर्म फाइल करने की अंतिम तिथि 27 दिसंम्बर, 2017

Facility to edit details of invoices/credit or debit notes etc through Table 9 of Form   is now available on the  .
18/12/2017

Facility to edit details of invoices/credit or debit notes etc through Table 9 of Form is now available on the .

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