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Relief measures in Income Tax by Government due to COVID-19 pandemic

Relief measures in Income Tax by Government due to COVID-19 pandemic

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Relief measures in Income Tax by Government due to COVID-19 pandemic “What’s the use of a fine house if you haven’t got a tolerable planet to put it on.” A very famous quote of poet and philosopher Henry David Thore...

Author:

Sonakshi Agarwal


GST Update on Circular contradicting relaxation provided during pandemic

GST Update on Circular contradicting relaxation provided during pandemic

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GST Update on Circular contradicting relaxation provided during pandemic It was represented by trade and industry that in order to cater to their working capital requirements during this pandemic situation prevailing in the Country, the operation of...

Author:

CA PRADEEP JAIN


New Procedure for online IEC Code application and modification

New Procedure for online IEC Code application and modification

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New Procedure for online IEC Code application and modification There are recently some Amendment in Policy and Procedure for online IEC applications as many applicant were facing problem in obtaining and modifying Importer-Exporter Code due to,...

Author:

Expertmile Admin


Ministry Notified New Norms of Classification of MSME

Ministry Notified New Norms of Classification of MSME

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Ministry Notified New Norms of Classification of MSME Key Highlights: Ministry of MSME gears up to implement the New Norms of classification of MSMEs the upper ceiling for classification of MSMEs now has been raised New definition and criterion...

Author:

CS Lalit Rajput


Frequently Asked Questions Import-Export Code Number

Frequently Asked Questions Import-Export Code Number

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Frequently Asked Questions Import-Export Code Number Question: What is IEC? IEC or Importer Exporter Code is a unique 10-digit alpha numeric code issued on the basis of PAN of an entity.  Question: Why is IEC required? To import or...

Author:

Expertmile Admin


How to start Export Business?

How to start Export Business?

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How to start Export Business? Introduction India’s Foreign Trade i.e. Exports and Imports are regulated by Foreign Trade Policy notified by Central government in exercise of powers conferred by section 5 of foreign trade (Development and Regu...

Author:

Expertmile Admin


MSME New definition applicable W.E.F 1st July,2020 notified by MSMED

MSME New definition applicable W.E.F 1st July,2020 notified by MSMED

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MSME New definition applicable W.E.F 1st July,2020 notified by MSMED MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES (MSMED) vide Gazette Id no. CG-DL-E-01062020-219680 and S.O. 1702(E) dated 01st June, 2020 has officially notified criteria for...

Author:

CS Lalit Rajput


Issue of GST late fee for the past period (August 2017 to January 2020) to be discussed in the next GST Council meeting

Issue of GST late fee for the past period (August 2017 to January 2020) to be discussed in the next GST Council meeting

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Issue of GST late fee for the past period (August 2017 to January 2020) to be discussed in the next GST Council meeting In the recent past, tweets have been noticed by the Government on the issue of waiver of late fee applicable on non-filing of GST...

Author:

Expertmile Admin


Special Income Tax Benefits to non-resident

Special Income Tax Benefits to non-resident

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Special Income Tax Benefits to non-resident Who is a non resident under Income Tax Act, 1961? Non-resident is a person who is not a ‘resident’ as per the Income Tax Act, 1961. For detailed provisions related to residential status,...

Author:

Expertmile Admin


Certain types of Cash transactions have serious consequences.

Certain types of Cash transactions have serious consequences.

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Certain types of Cash transactions have serious consequences. 1. Taking or Accepting Certain Loans, Deposits and Specified Sum: No person is permitted to accept Rs. 20.000 or more in cash a) for any loan or deposit or b) any amount in relation to...

Author:

Expertmile Admin