The last date for filing Income Tax (ITR Filing Last Date) is 31 July 2022. If you do not file ITR on time, you may face a penalty. Have you ever thought that even if someone dies, he still has to file ITR or not? As per the rules, it is necessary to file the …
The last date for filing Income Tax (ITR Filing Last Date) is 31 July 2022. If you do not file ITR on time, you may face a penalty. Have you ever thought that even if someone dies, he still has to file ITR or not? As per the rules, it is necessary to file the …
The GST Council has decided to withdraw the exemption on some goods while increasing the rates on some. After this decision, 5 percent tax will be levied on packed wheat flour, papad, paneer, curd and buttermilk. Union Finance Minister Nirmala Sitharaman said that in the two-day meeting of the GST Council in Chandigarh, the suggestions …
This time the Reserve Bank of India (RBI) has fixed the price of gold subscription at Rs 5091 per gram. Like every time, this time also investors applying online will be given a discount of Rs 50 per gram on the fixed price of the bond. The stock market is falling. Fears of recession are …
Filing of E-nomination will facilitate the EPF members to submit pension claims through online and in case of any untoward incident of death it enables smooth filing of claims by the family members. Employees can file E-nomination using the facility provided in Unified Member portal. Hence, all the employers are requested to educate about the benefits of filing e-nomination …
Tax saving mutual funds or Equity linked Saving Schemes (ELSS) help you to save income tax under section 80C of the Income Tax Acts. You can invest a maximum of Rs 1.5 Lakh in ELSSs and claim tax deductions on your investments every financial year. Are you Interested? Before procedding further, you should first familiarise …
In the midst of inflation, the central government has used scissors on the retirement fund of the salaried people. The government has approved an interest rate of 8.1 percent for the Employees’ Provident Fund (EPF) for the year 2021-22. This is the lowest in 4 decades. This will affect five crore EPFO subscribers. Earlier in …
If your PPO number is lost then your pension may stop. In this case you may get into trouble. Pensioners coming under the Employee Pension Scheme are given a unique number called Pension Payment Order (PPO). On the basis of this, pensioners get pension after retirement with the help of this. Although you can easily …
It has been said in the circular that if you have not filed ITR for the financial year 2020-21, then your name will be added to the list of non-tax filers. Not only this, but in this financial year starting from April, you will also have to pay more TDS. It is necessary to file …
To curb tax evasion, the government has now increased its guard. A new rule has been made to prevent tax evasion from cash transactions across the country. The Central Board of Direct Taxes (CBDT) has issued a notification for this. It will be mandatory to provide PAN details According to the notification of CBDT, now …
India’s income tax (IT) department has notified a new form, ITR-U, for taxpayers filing their updated tax returns. The move seeks to reduce lengthy adjudication timelines and use of resources for improper tax filing and is based on the self-assessment of taxpayers. What is the new ITR form? In the new form, ITR-U, the taxpayer …