Tax relief in respect of COVID related receipts and Ex-Gratia payments – Finsmart
Covid 19 has caused hardships to many and even business units have also suffered by loosing their employees to Covid virus On this background – many employers have offered to provide lump sum compensation to the family members of deceased employee So there was no clarity regarding taxation of the same earlier which has been […]
As Business Owner are you sure about your Tax Compliances ? – Finsmart
How many Business Owners today can confidently say that they are 100% compliant? What are you doing to mitigate the risks associated with compliance? The Government policies are evolving, new laws gets enacted, and amendments to the existing ones keep happening. These are all not very simple to understand, at times ambiguous creating confusion and […]
Are you ready for March 2020? – Finsmart
The Indian Financial Year starts from the 1st of April and ends on 31st March every year; therefore all the businesses and individuals must fulfill the important financial obligations by the date to not face any kind of penalty in the future. It is important for all those who follow the mercantile system to ascertain […]
Do you know 2A reconciliation is must under GST regime? – Finsmart
What is 2A reconciliation under GST regime? Under the new Central Tax which is being issued by CBIC a few days back has made certain amendments in the CGST Rules. One of the important amendments in the Rules is to allow the credit to the recipient only in case the corresponding supplies have been reported […]