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 …
Document Who can opt for the scheme: Following registered person (here in after RP) can file quarterly returns and pay tax on monthly basis w.e.f. 01.01.2021 : An RP who is required to file Form GSTR 3B with AATO of up to Rs 5 Cr. in the previous financial year is eligible. If AATO crosses …
Employees’ Provident Fund Organisation , an statutory organisation under Labour and Employment Ministry, has stated that an article was published in a section of media on 18.11.2020 under the caption “EPFO subscribers, firms down in Oct”. In this regard, EPFO has categorically clarified that tinformation contained in the article is incorrect and unsubstantiated. The article …
All pensioners of Employees’ Pension Scheme 1995 (EPS’95) are required to submit Jeevan Pramaan Patra (JPP) / Digital Life certificate (DLC) each year to continue drawing pension. In the current scenario of COVID-19 pandemic, the Employees’ Provident Fund Organization (EPFO) has facilitated multiple options for EPS pensioners to submit their DLC, close to their home …
Document PAN card has become a very important document in our life. PAN card is mandatory from opening a bank account to depositing income tax and taking a loan. Without this, many of your financial work can get stuck. With the help of Aadhar card, e-PAN will be issued in minutes. We are going to …
The Income Tax Department has given a big gift to the taxpayers before Diwali. The Income Tax Department has so far issued a refund of Rs 1.29 lakh crore to taxpayers. This year’s Diwali of Taxpayers has become spectacular with this amount received before Diwali. Nearly 40 lakh taxpayers get refund According to the Central …
Based upon specific intelligence, the officers of the Anti Evasion branch of Central Goods and Service Tax (CGST),Commissionerate, Delhi (East) have busted a major racket for generation of huge inadmissible input tax credit (ITC) through fake billing of Rs 1,278 crore (approx). The well established syndicate was being operated by floating seven different fake firms …
Document Most of us think about tax saving when it comes time to file income tax returns. In this also, we cannot think further than the relaxation of 1.5 lakh rupees only available under section 80C. The limit of 1.5 lakh rupees is fulfilled by including ELSS, life insurance, school fees, etc., after this we …
You can file your returns sitting at home within minutes. The government has now reduced the last date of income tax return to 31 December 2020. These documents have to be kept close You will have to keep many documents such as PAN Card, Aadhaar Card, Form 16 (Form 16) or Form 16A to file your return …