Issuance by Authorised Branches of State Bank of India (SBI) during January 01-10, 2021 The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 2nd January 2018. As per provisions of the Scheme, Electoral Bonds may be purchased by a person (as defined in item No. 2 (d) of …
According to the income tax law, if you deposit money in your wife’s account every month as a home expense, then it is not wrong. But in some circumstances it starts showing as the income of the wife. And then tax has to be paid. Let’s know what the tax experts say about this The …
LTC Cash Voucher Scheme can prove effective in saving Income Tax On 12 October, the central government announced an income tax-free cash voucher to its employees in lieu of LTC. Employees can use these vouchers to buy products on which the GST rate is 12 percent or more. The objective of this initiative is to …
Document certain notified taxpayers have been preparing and issuing invoices by obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) (commonly referred as ‘e-invoice’). Details from such e-invoice are be auto-populated in respective tables of GSTR-1, and GSTR-1 is a part of GST. Due to some unanticipated issues, there has been delay in auto-population …
Savings are a good habit, but can only your savings fulfill your future needs, then the answer is yes, if saving in a smart way, you can fulfill your life goals. Can. Like suppose you want to become a millionaire. For this, which investment option will you have to choose to become a millionaire as …
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has clarified this in its recent order. This will allow accurate calculation of capital gains or losses. The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), in its recent order on the tax on capital gains from the sale of houses, has clarified that …
Document The good news for millions of taxpayers who have given declarations under the Vivad Se Vishwas scheme, and want to add some changes or improvements or something to it. The IT department has given answers to all such questions in its new FAQs set. You also understand. If you have given the Declaration under …
Government efforts to revive the economy after the lockdown opens, seem to be getting results. Earlier in October too, the GST collection was Rs 1,05,155 crore. In the midst of the Corona crisis, good news has come for the government for the second consecutive month on the economic front. The collection of Goods and Services …
PAN card is currently the main instrument for financial transactions. PAN is use like a ID card. If you work in organized sector then it is necessary to have PAN card to get salary. It is a 10 digit alphanumeric number that everyone wants to understand. You will also have a PAN card, in which …