Thirsty Panthers

19/06/2021

ICSI Exam July 2021: इंस्टीट्यूट ऑफ कंपनी सेक्रेटरीज ऑफ इंडिया (ICSI) ने कंपनी सेक्रेटरी एग्जीक्यूटिव एंट्रेंस टेस्ट (CSEET) जुलाई स.....

23/08/2020

17/07/2019

For Filing of Income Tax Return
Do reach out us at 7310592780 or email us at [email protected]

10/07/2019

Budget has proposed to make Income Tax Return (ITR) filing compulsory for persons who deposit over Rs 1 crore in a current account in a year, spend over Rs 2 lakh on foreign travel or have an annual electricity bill of more than Rs 1 lakh.
Proposals in Budget 2019 have made tax evasion by the super-rich difficult. For example, the Budget has proposed to make Income Tax Return (ITR) filing compulsory for persons who deposit over Rs 1 crore in a current account in a year, spend over Rs 2 lakh on foreign travel or have an annual electricity bill of more than Rs 1 lakh.
Budget 2019 has also raised surcharge on super rich. Accordingly, those with annual income between Rs 2 to Rs 5 crore would be levied a surcharge of 25 per cent from 15 per cent previously. For those earning Rs 5 crore or more annually, the surcharge has been increased from 15 per cent to 37 per cent. With this, the effective tax rate will go up to 39 per cent for those in the Rs 2-5 crore income slab. The effective rate for those in Rs 5 crore and above group would go up to 42.74 per cent.

06/07/2019

Budget 2019 Highlights

Emphasis on Inland Cargo

One Nation One Grid Power for affordable Power to States

Allocation of Rs. 350 crores loans to MSME’s with 2% subvention to GST registered MSME

Upto 1 crore loan to MSME in 59 minutes

Proposal of Social Stock Exchange for listing of Social and Charitable organizations

Focus: Gaon, Garib and Kisan

75000 entrepreneurs to be trained

Jan Jiwan Mission: Har Ghar Jal to all rural households by 2024

9.3 crores toilet constructed since 2014 under Swach Bharat Yojna

Propose to National Research Foundation (NRF)

Aadhaar for NRI’s with Indian Passport

4 New Embassies to be opened in 2019-20

Direct and Indirect tax

FM Thanks to honest Tax Payers and responsible citizens.

Direct tax revenue has grown 78 percent i.e 11.37 lakh Crores from 2014 to 2019.

Corporate Tax- Tax Rate of 25% on Companies with turnover of upto Rs. 400 crores. This will cover 99.3 % companies.

GST rate reduced on electric vehicle from 12% to 5%.

Tax deduction on loan taken for purchase of electric vehicle: Additional Income tax deduction of Rs. 1.5 lakh of interest on loan taken for purchase of electric vehicle.

Start up’s would not be require Scrutiny by IT Department.

Carry forward and set off losses for startups and increase in period of exemption of capital gains from the sale of residential house for investment in startups up to March 2021.

Additional deduction of Rs. 1.5 lakh for interest on loans borrowed for affordable housing until 2020 (upto 45 Lakhs)

STT is proposed to be restricted to the difference between settlement and strike price of options.

Interchangeability of PAN and Aadhaar for Income Tax Returns.

Faceless E-assessment for Tax Scrutiny

TDS of 2% on cash withdrawal exceeding Rs. 1 cr. from a Bank account per year.

No charges for customer on Digital modes of payment.

Propose to enhance surcharge on taxable income of Rs. 2 to 5 cr and Above 5 Crore* effective tax rate will increase by around 3% and 7%, respectively

Automated GST refund system to be initiated

Custom duty raised on Auto Parts and CCTV’s

5% Custom duty increased on imported books

Increase of custom duty on Gild
Decrease of excise duty on petrol

04/06/2019

We wish you a very happy and peaceful Eid. May Allah accept your good deeds,forgive your sins and ease the suffering of all.
May the blessings of Allah fill your life with pleasure, opening all the doors of success now and always.

EID MUBARAK !!

Team .
[email protected]
+9187191512283

22/02/2019

For our Indian clients:

Every company incorporated on or before 31st December 2017 has to file this return called "Active Company Tagging Identitiea and Verification".

Due date -On or before 25th April, 2019
Late fees - Afrer due date Rs. 10,000/-

And also other new forms which are to be filled by Companies

1. MSME 1
2. DPT-3
3. Ben-1 & Ben-2
4. DIR 3 KYC

21/02/2019

Get your to prepare in advance in this transitional phase of technological upgradation and adaptation of recent trends of business external environment through necessary training and development of yours core team, employees and subordinates towards organizational success.

along with present program s, especially designed for market, who is leading in adopting and implementation in each sector.
Contact us: [email protected]

19/02/2019

Total Number of Listed Companies in Malaysia
- Main Market
- Ace Market
- LEAP Market