Recently, 21 Feb 2019 an ordinance has been passed by the government of India. The said ordinance has been named as “ the banning of the unregulated deposit scheme ordinance 2019”. The same has been introduced to prohibit illicit deposit schemes or Ponzi schemes etc. So as to save the interest of the depositors. Since the moment this ordinance has come out everyone has started talking that the government has banned taking up all sorts of loans or advances in India which have not been taken from BanksFinancial Institutions orRelativesSEE DETAILS

Latest News Due date of Filing GSTR 3B for the month of March 2019 has been extended to 23 April 2019. Latest Circulars (https://cbec-gst.gov.in/circulars.html) 28 March, 2019 94/13/2019-GST   Government has issued latest circular  on 28 march 2019 to clarify the certain refund related issues  and in order to ensure uniformity In the implementation of the provisions of law across the fields formation. 28 March, 2019 95/14/2019-GST Government has issued latest circular  28 march 2019  to clarify the verification for grant of new registration. For those people who are notSEE DETAILS

In today’s time, Aadhaar works as a basic identity proof document. Also, with the Supreme Court’s recent verdict the validity of Aadhaar has been upheld. As per the pronouncement, Aadhaar needs to be mandatorily linked with PAN for The filing of Income Tax return (section 139AA of the Income Tax act 1961) andAvailing Government subsidies Also, in the decision so made amendments as to voluntary use of Aadhaar by The Banks andTelecom Companies has been accepted. But, practically one might face a situation where he wants to furnish or attachSEE DETAILS

Most important points related to common people – In the span of 2 years Tax assessment shall be done completely online IT returns processing and refund issue shall be concluded in just 24 hoursComplete Tax rebate upto Rs. 5 lakh annual income after all deductions, which will give tax benefit upto Rs 12,500Standard deduction limit has been increased from 40000 to 50000Tax on the second self-occupied house has been exempted from levy of Income TaxTax-free Gratuity limit increase from Rs 10 Lakhs to Rs 20 Lakhs Important to note thatSEE DETAILS

Now every company except government companies has been notified by Government in its notification dated 22 Jan 2019 to submit to ROC electronic Form DPT 3. It shall furnish details of Outstanding receipts or loans which are not in the nature of deposits. It is mandatory compliance to be followed by the eligible class of corporates by 22nd of April 2019. In today’s blog, we bring to you know how on Mandatory filing of loan details to ROC. Who shall submit form DPT-3? The Form DPT-3 needs to be submittedSEE DETAILS

One of the most awaited and closely watched announcements in every Budget are Deductions. With budget 2019 the predictions on deductions are quite high, as this being the interim and last budget of the ruling government. In this blog, we bring to you one stop expectation of our Experts on all deductions to be pronounced in the upcoming budget. Section 80C The limit of section 80C is currently Rs 1,50,000. It promotes investment by citizens together with good returns. Some of the popular and highly availed investment options under 80CSEE DETAILS