N K Sharma & Co., Chartered Accountants

13/12/2023

*ACCOUNTANT REQUIRED*

Company Description

N K Sharma and Co. (Chartered Accountants)

Role Description

This is a full-time on-site role for an Accountant at N K Sharma & Co. located in Noida. The Accountant will be responsible for maintaining financial records, preparing monthly financial statements, performing various bookkeeping tasks, managing accounts payable and receivable, and assisting with budget preparation.

Qualifications

Bachelor's degree in Accounting, Finance, or a related field
At least 1 years of experience in accounting or bookkeeping
Proficiency in Tally and MS Excel
Strong organizational and analytical skills
Excellent communication and interpersonal skills
Knowledge of tax regulations and compliance
Ability to handle confidential information
Detail-oriented and able to meet deadlines
Experience with QuickBooks and other accounting software is a plus

01/07/2021

5 EPF Updates in 2021 that you should keep in mind.

30/05/2021

The 43rd GST Council chaired by Finance Minister Nirmala Sitharaman made a Key decisions as follows:

- GST Exemption to some COVID-19 supplies till 31st August 2021
- A Particular Medicine for Black Fungus also exempted
- GoM to be formed to check if further reductions to be given to new items, GoM to submit reports before 8th June
- Amnesty Scheme with the reduced late fee to be launched for GST Small Taxpayers. Detailed analysis of same has been uploaded below.
- Rationalization of Late fee for Small Taxpayers to be applicable to future liabilities. Detailed analysis of same has been uploaded below.
- Annual Return form to be rationalised, Govt to amend CGST Rules
- Annual Return filing to continue to be optional for Small Taxpayers
- A Special Session on GST Compensation Cess before 22nd July 2021
- GoM to consider GST Exemption on COVID Vaccines provided by private hospitals

12/06/2020

FM Nirmala Sitharaman: For people who have tax liability, maximum late fee for non-filing of GSTR-3B returns for period July 2017 - January 2020 has been capped to Rs 500. This will apply to all returns submitted during July 1, 2020 - September 30, 2020.

Further there will be no late fee for GSTR 3B return, which has no liability.

30/03/2020

𝗖𝗢𝗡𝗙𝗨𝗦𝗜𝗡𝗚 𝗬𝗘𝗔𝗥 𝗘𝗡𝗗 𝗠𝗔𝗥𝗖𝗛 𝗩𝗦 𝗝𝗨𝗡𝗘

This is the biggest confusion in the minds of the taxpayers. Following points clarifies some of the issues:

1) FY 2019-20 is not at all extended till 30th June, only the date is extended for some compliances.

2) Belated returns or Revised returns for the FY 2018-19 can be filed till 30th June.

3) In the FY 2019-20, income is taxable till 31st March only and not upto 30th June, i.e. for taxability of income financial year is considered till 31st March only.

4) Deductions under 80C, 80D, etc. can be claimed by investing till 30th June.

5) New LIC, mediclaim, PPF, NPS, etc. policies taken till 30th June will be eligible for the deduction for the FY 2019-20.

6) Payment of Premium of old policies of LIC, mediclaim, PPF, NPS, etc. due upto 31st March can be claimed as deduction even if paid till 30th June.

7) Housing loan interest is eligible for deduction on accrual basis, so interest accrued till 31st March will be eligible for the deduction in FY 2019-20. However Installments due upto 31st March can be claimed as deduction ever if paid till 30th June.

24/03/2020

Update by the Hon'ble FM as a part of the Economic Package:

🗣️DIRECT TAX:
1. Last date for P/Y 2018-19 extended to 30.6.20
2. Interest in Delay of Tax Payment decreased to 9% from 12% for such period.
3. Interest on delayed Deposit of TDS (till 30/06/20) decreased from 18% to 9%
4. Dates for Notice/Filing/Intimation/Notification/Appeal/Sanction Order/Any other doc or compliance/Investment in saving investment or rollover benefit for CG etc. extended to 30.06.2020 (Compliances wrt CTT/Equalisation Levy/Blackmoney Tax Act etc. included) even where the time limit was post 31/3
5. Aadhar PAN Linking date extended to 30.06.20
6. Vivad se Vishwas Scheme extended to 30.06.2020. No additional charge of 10%

🗣️INDIRECT TAX:
1. GST+COMPOSITION RETURNS, date extended to 30.6.20. Different staggering dates will be applicable in the same way, for different regions. Refer to the press release for the same.
2. For Cos. Having turnover less than 5 cr. : No interest, penalty, fee for late filing.
3. Cos. Having turnover greater than 5 cr. No Penalty or Late fee.No Interest for 15 days but, Shall pay interest of 9%, post that.
4. Last date for opting composition scheme extended to 30.6.20
5. Sabka Vishwas Scheme for IDT: extended to 30.6.20
6. During Lockdown as well, Customs Clearance to operate 24x7 as an essential service, till 30.6.20.

🗣️MCA deadlines
1. No additional fees for late filing for period April 1 to Sept 30.
2. Board meeting .. relaxed for 60 days for next 2 quarters
3. CARO 2020 applicable for FY 2020 2021
4. If independent directors not able to hold one meeting for FY 19-20. Not seen as a violation.

14/01/2020

17/11/2019

The government is set to crack the whip on GST non-filers with plans afoot to cancel registration of repeat offenders.Get latest Finance online at cnbctv18.com