Firsthandholding

31/10/2024

Happy Diwali

30/10/2024

07/09/2024

"This Ganesh Chaturthi, may Lord Ganesha bless your financial journey with wisdom 🧠, growth 📈, and prosperity 💰. Let's make smarter investments and pave the way for a brighter future.
Wishing you all a happy and prosperous Ganesh Chaturthi! 🙏✨

25/12/2023

Merry Christmas Everyone

10/11/2023

May the divine blessings of Goddess Lakshmi fill your life with wealth and prosperity. Happy Dhanteras!

07/11/2023

Amnesty Scheme for Delayed Filing of Appeals under GST:

1. The Govt. has notified "Amnesty Scheme under GST for delayed filing of appeals" vide Notification No. 53/2023-CT dated 02.11.2023, against the Orders passed on or before 31.03.2023 under section 73 or 74 of CGST Act, for:
• Taxable persons who could not file appeal within the time period specified and/or
• Taxable persons whose appeal against the said order was rejected as the said appeal was not filed within the time period specified.
2. Now, the time period to file above referred appeals has been extended to 31.01.2024. The appeal shall be allowed to file only if:
• Admitted liability (tax, interest, fine, fee and penalty) is paid in full.
• 12.5% of disputed tax liability is deposited - 10% through Credit ledger and 2.5% through Cash Ledger.

30/10/2023

DGFT has introduced automated system for issuing the Status Holder Certificate. Exporters are now not required to submit application separately. The certificate is auto generated based on shipment details and e-BRCs etc. This will reduce cost and processing time, enhance automation and transparency in the sector. Eligible exporters will be benefited by getting real time recognition ranging from 1 Star to 5 Star

30/10/2023

Ministry of Corporate Affairs has announced on October 27, 2023 that the Private companies are now required to dematerialize their securities, private companies (other than small company) must complete this process within eighteen months of closure of the financial year March 2023, comply with the provisions of this rule.

30/10/2023

MCA vide notification dated 27.10.2023 has required all LLPs: 1) to maintain the register of partners since incorporation. 2) report to Registrar (RoC) beneficial owners on the lines of a company. 3) identify and report a designated partner responsible for furnishing beneficial owners details

30/10/2023

GST portal requires users to register their devices for each specific login ID. This means that if a user attempts to log in from a different system, an OTP will be necessary to access the GST portal. This step aims to enhance security and ensure that only authorized users can access the portal from registered devices

25/10/2023

CBDT has issued Circular giving relief to those companies which have opted lower rate of tax of 22% while filing tax return for AY 2021-22 but the benefit of this lower rate was denied as form no 10-IC was missed out/not filed with the return of income resulting levy of tax at higher rate of 30% as well as Minimum alternate Tax ( MAT)

19/09/2023

CDBT extends the due date of furnishing Audit reports in Form 10B/Form 10BB for FY 22-23, from Sept 30 to Oct 31, 2023. Due date of furnishing of Return of Income in Form ITR-7 for Assessment Year 2023-24 extended from Oct 31 to Nov 30, 2023.