The Central Government has decided to do away with the disputed tax, in which there was a provision to collect tax from the companies from the previous date, it is called Retrospective Tax. The Central Government on Thursday introduced the Taxation Laws (Amendment) Bill, 2021. After the passage of this bill, the disputed law levying …
There is relief news for businessmen. According to the order of the government, now GST taxpayers with a turnover of more than Rs 5 crore will be able to self-certify their annual return. For this, there will no longer be a need to get mandatory audit certification from Chartered Accountants. The Central Board of Indirect …
Today can be a very special day for more than 6 crore account holders of EPFO (Employees’ Provident Fund) amid Coronavirus. According to the news received by Zee News, a huge amount of PF for PF account holder is going to come in the account of the subscribers by the end of July. Employees’ Provident …
Whatever did not happen in the last 12 years regarding income tax , happened during the tenure of Modi government. The central government on Monday presented its account data for the financial year 2020-21. For the first time in 12 years, personal income tax has been higher than corporate tax. That is, ordinary taxpayers have …
The deadline for filing income tax returns for the financial year 2020-21 has now been extended to September 30, 2021. ITR should be filed by all irrespective of whether they fall in the taxable bracket or not, because many times the tax is deducted even if the salary is not taxable or more tax is …
Personal loan is an unsecured loan, the Income Tax Department does not give any on it, but we are going to tell you that if you have taken a personal loan for someone, then you can claim tax exemption on it. Most of us know that Income Tax Deduction is not available on personal loan. …
As per the Income-tax Act, 1961, there is a requirement to furnish Form 15CA/15CB electronically. Presently, taxpayers upload the Form 15CA, along with the Chartered Accountant Certificate in Form 15CB, wherever applicable, on the e-filing portal, before submitting the copy to the authorised dealer for any foreign remittance. In view of the difficulties reported by …
If you are facing any problem in filing Income Tax Return, then there is no need to find a Chartered Accountant for this, the Income Tax Department has made your problem easy. Taxpayers will get the help of CA, ERI The Income Tax Department had launched a new e-filing portal on 7 June. Taxpayers will …
Income Tax Return Deadline: In view of the second wave of Corona epidemic, the government has announced some reliefs for the taxpayers. The government has extended the deadline for income tax related works. As taxpayers will now have more time to file TDS, the government has extended tax relief to first-time home buyers as well. …
The provisional payroll data of EPFO published on 20th June, 2021 highlights that EPFO has added around 12.76 lakh net subscribers during April, 2021. Despite the second wave of COVID-19 pandemic, April 2021 registered an increase of 13.73% net subscribers addition as compared to the previous month during which around 11.22 lakh net subscribers were …