Your Instasolv

  Statutory Compliance for Oct 2022 1. Income Tax TDS / TCS liability deposit Sep-22 7-Oct-22 Due date of depositing TDS/TCS liabilities under Income Tax Act, 1961 for the previous month. 2. Income Tax TDS Liability Deposit Jul-Sep, 2022 7-Oct-22 Due date for deposit of TDS when Assessing Officer has permitted quarterly deposit of TDS under section 192, 194A, 194D, or 194H. 3. GST GSTR-7- TDS return under GST Sep-22 10-Oct-22 GSTR 7 is a return to be filed by the persons who are required to deduct TDS (Tax deducted at source) under GST. 4. GST GSTR-8- TCS return under GST Sep-22 10-Oct-22 GSTR-8 is a return to be filed by the e-commerce operators who are required to deduct TCS (Tax collected at source) under GST. 5. GST GSTR-1 Sep-22 11-Oct-22 " 1. GST Filing of returns by a registered person with aggregate turnover exceeding INR 5 Crores during the preceding year. 2. Registered person, with aggregate turnover of less than INR 5 Crores during the preceding year, opted for monthly ...

Let me explain it to you with an example.  Suppose we want to calculate (1.089)^1.2 Step-1 : P ut down the base (1.089) in your calculator and now press the √ (Square root) key 12 times.  (In our example we will get 1.0000208156) Step-2 : N ow subtract 1 from the number we get in step 1.  (In our example we will get  1. 0000208156  -1= 0000208156) Step-3 : N ow multiply the number in step 2 with the power 'n'  (In our example 1.2,  0000208156  X 1.2 = 0.00002497872) Step-4 : Add back one to the number we get in step 3 (In continuation of our example, the no we get is 1. 00002497872 ) Step-5 : In the  final step press "X =" keys ('Multiplication' and 'Equal To' keys one after the other) 12 times  (Our answer is  1. 00002497872  X=, X=, X=......... 12 times, we will get 1.10772851898 says 1.1077) Practice it a few times before the exams.

  Income tax return (ITR) filing is mandatory if an individual's gross total income exceeds Rs 2.5 lakh in a financial year (FY). If an individual is required to file a tax return, then it is important to ensure that the correct ITR form is used to file a tax return. Which ITR Form applies to you? ITR Who can file? Who cannot file? ITR 1 (Sahaj) ·        Individual qualifying as Ordinarily Resident ·       Non-residents/ Resident but Not Ordinarily Residents ·        Having total income of up to Rs 50 lakh ·       Hindu Undivided Family (HUF) ·        Having income from salaries, one house property, income from other sources (interest, etc.) and agricultural income up to Rs 5,000 ·       Ordinarily Re...

 The code gets its consent on- By Lok Sabha- 5th May 2016 By Rajya Sabha- 11th May 2016 By President- 28th May 2016 Thus the code came into force on 28th May 2016 , as notified by the Central Government in the Official Gazette. The code has extended to the whole of India. Four Pillars of the Code The IBC, 2016 is based on a four-pillar institutional framework, comprising- • NCLT and NCLAT, the adjudicating authority, • Insolvency and Bankruptcy Board of India, the regulator of insolvency professionals and insolvency professional agencies, • Insolvency professionals, the class of regulated persons responsible for the efficient execution of the processes specified under IBC, and • Information utilities, the new industry to electronically store facts about lenders and terms of lending. The main purpose of the code is- to reach a level where there would be the time-bound settlement of insolvency. to resolve India's bad debts problem by creating a database of defaulters. to de...