Money Prism

Money Prism Money Prism is Financial Consultant Firm which is founded by young dedicated Chartered Accountants

Vacancy for Accountants, Audit staff And Articles.Please contact on +91-8084360875.
22/02/2024

Vacancy for Accountants, Audit staff And Articles.

Please contact on +91-8084360875.

Avoid the dangers of Not filing income tax return and enjoy the benefit of timely return filing with us!
11/06/2023

Avoid the dangers of Not filing income tax return and enjoy the benefit of timely return filing with us!



Eid Mubarak! May this auspicious day of Eid-ul-Fitr bring joy, prosperity, and blessings to your life." "Wishing you a j...
22/04/2023

Eid Mubarak! May this auspicious day of Eid-ul-Fitr bring joy, prosperity, and blessings to your life." "Wishing you a joyous Eid-ul-Fitr filled with love, laughter, and togetherness. Eid Mubarak!"

As we bid farewell to another amazing financial year, I hope all continue to succeed and work together to accomplish gre...
01/04/2023

As we bid farewell to another amazing financial year,
I hope all continue to succeed and work together to accomplish great things.
Happy new year everyone. May this year bring our team all the opportunities and success.


#2023-24

As the end of FY 22-23 is approaching.We advise to re evaluate your Accounting Cycle and complete it before timelines.Th...
22/02/2023

As the end of FY 22-23 is approaching.
We advise to re evaluate your Accounting Cycle and complete it before timelines.

The 8 steps of the accounting cycle are as follows:

1. identifying transactions,
2.recording transactions in a journal,
3.posting,
4.the unadjusted trial balance,
5.the worksheet,
6.adjusting journal entries,
7.financial statements, and
8.closing the books.




Budget 2023!
03/02/2023

Budget 2023!

03/02/2023

Please find below Highlights of *Union Budget 2023-24*.

*General*
1. EPFO Numbers doubled to 27 crores
2. Agriculture accelerator fund to boost startup in Agri sector. Special scheme to boost fisheries
3. 38,800 teachers will be employed in 3.5 lakh Eklavya tribal school.
4. Capital outlay of Rs. 2.40 lakh crore for Railways.
5. 50 New Airports and Heliports to be made.
6. Rs. 10,000 crore for urban infra fund every year
7. Rs. 75,000 crore for 100 transport infra projects
8. 3 Centers of Excellence for “Artificial Intelligence” will be set up.
9. KYC procedure to be simplified. PAN to be come common business identifier.
10. Scope of Digi locker to be increased.
11. More than 39,000 compliances reduced. Jan Vishwas Bill to amend 42 laws
12. Rs. 35,000 crore for Energy transmission
13. 10,000 bio input research centers to be set up.
14. 30 Skill India International centers to be set up.
15. NFIR (National Financial Information Registry) to be launched for financial strategy.
16. Reducing cost of MSME Credit by 1%. Infusion of Rs. 9,000 crore in corpus for MSME credit.
17. ‘Mahila Samman Bachat Scheme’ for Women for Rs. 2,00,000 @ 7.5%
18. SCSS enhanced from 15 lakh to 30 Lakh.
*Direct and Indirect tax*
1. Promote domestic manufacturing and exports.
2. Tax exemption on Capital Goods and Lithium batteries.
3. Mobiles, camera lenses to become cheaper.
4. Gold, Silver & Diamonds, ci******es, imported rubber to get expensive.
5. Enhanced limit for 3 crore and 75 lakhs for presumptive taxation.
6. Higher TDS limit of RS. 3 cr for Cooperatives
7. New IT Return Form for easier filing .
8. 100 Joint Commissioners to be appointed for disposal of small appeals.
9. TDS reduced on EPF withdrawal
10. Section 54 and 54F to be amended.
11. Rebate limit increased to 7 lakh in new tax regime.
12. Number of slabs reduced from 7 to 5 in new tax regime.
13. Only 5% tax on Individual’s Annual income of 9,00,000 only to pay Rs. 45,000 as tax.
14. Salaried class and pensioner: Standard Deduction increased
15. Propose to reduced Higher surcharge rate from 37 % to 25% in new tax regime.
16.Leave Encashment: Limit increased from Rs. 3,00,000 to Rs. 25,00,000.

Connect with us more details and updates.



The power of knowledge is in all of us.May goddess Saraswati illuminate the glow and strive for more knowledge in us for...
26/01/2023

The power of knowledge is in all of us.

May goddess Saraswati illuminate the glow and strive for more knowledge in us forever.

And Happy Republic Day to all of you!




I hope the New Year 2023 brings abundant joy, prosperity, love, and blessings!
01/01/2023

I hope the New Year 2023 brings abundant joy, prosperity, love, and blessings!




12/12/2022

Vacancy for Accountants, Audit staff And Articles.

Please contact on +91-8084360875

Applicability for FY 2021-22-Conversely, GSTR 9 is exempt for taxpayers whose aggregate turnover is less than or equal t...
12/12/2022

Applicability for FY 2021-22-

Conversely, GSTR 9 is exempt for taxpayers whose aggregate turnover is less than or equal to INR 2 crore.
Further, a self-certified statement in GSTR 9C should be furnished by taxpayers whose aggregate turnover exceeds INR 5 crore.
Hurry up before due date.




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