The scheme Maharashtra Settlement of Arrears of Tax, interest, penalty or late fee scheme 2022

The Government of Maharashtra on 11th of March 2022 has announced “the Amnesty Scheme 2022” to settle the various Old cases of Sales Tax Department. Maharashtra Deputy Chief Minister, Mr. Ajit Pawar announces Amesty Scheme for Sales Tax Matters on 11th March, 2022. The due date for settlement of Sales Tax Cases will be applicable from April 1st, 2022 to September 30th, 2022. The State Government has notified the Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Scheme, 2022. The State Government is of the view that since…

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15/03/2022

Others

Advance Tax: Due Dates, Applicability, Procedure, Interest on late payment

Except for few taxpayers, all are required to deposit the tax in advance before the completion of Financial year if the total tax liability is more than Rs. 10,000/-. Failure to deposit before time attracts Interest. In this article, we will cover all the provisions you need to know about Advance Tax : Who Needs to Pay Advance Tax Installment? If the Tax amount for the particular financial year is greater than INR 10,000/- then, the provisions of Advance Tax are applicable to you. For computing Advance Tax, one needs…

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12/03/2022

Others

Form 15CA & 15CB Submission Process: New Re-engineered Form

Income-tax Department has introduced a completely new re-engineered Form 15CA and Form 15CB submission process based on various feedbacks provided by numerous corporates and professionals all over India. These transformations will simplify the preparation, assignment, submission, and verification process involved in the entire filing cycle of the Form. The major key transformations are: (a) Taxpayers are no more required to assign the same CA for multiple 15CA/CB submission in a year. Appointment of CA for Form 15CB is a one-time activity for a particular Financial Year. (b) Once Single Assignment…

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13/10/2021