income-tax-return-for-the-deceased-person

how to file income tax return for the deceased person by legal heir?

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 …


Crypto Currency

Crypto Currency industry asks centre to rethink on proposed TDS

The Cryptocurrency industry has appealed to the government to reexamine the budget proposal to impose a tax deduction at source or TDS on virtual digital assests transactions, saying it will be difficult to comply with. The industries also urged the government to reconsider the decision to levy a tax of 30% on currency market value …


GST Fake Billing

Government will stop gst fake billing with blockchain technology

There are frequent reports of GST evasion. But now the government is going to take new steps to stop it. Now blockchain technology will be used by the government to curb fake billing and GST claims. In the first phase, it will be used for warehousing and monitoring of goods movement. Warehousing monitoring in the …


Micro Enterprises

Aatma Nirbhar Bharat Package for Micro Enterprises

As part of the Aatma nirbhar Bharat Initiative, Ministry of Food Processing Industries is implementing a Centrally Sponsored PM Formalization of Micro food processing Enterprises (PMFME) Scheme for providing financial, technical and business support for setting up/ up gradation of 2 lakh micro food processing enterprises through credit linked grant  during five years from 2020-21 …


Budget 2022

केंद्रीय बजट 2022-23 की मुख्य बातें

केंद्रीय बजट में सूक्ष्म आर्थिक स्तर पर सभी समेकित कल्याण पर ध्यान देने के साथ बृहद आर्थिक स्तर वृद्धि पर जोर देने की कल्पना की गई है। केन्‍द्रीय वित्‍त एवं कॉरपोरेट कार्य मंत्री श्रीमती निर्मला सीतारमण ने आज संसद में केन्‍द्रीय बजट 2022-23 पेश किया। बजट की मुख्य बातें निम्न हैं – भारत की आर्थिक …


Taxpayers

Taxpayer can get more exemption of Income tax return in budget 2022

Common people have high hopes from this budget. Actually, due to the creaking economy and rising inflation due to Corona havoc, people are in the hope that the government can give them relief in this budget. In this sequence, apart from giving a growth booster to the economy, there is a possibility of big relief …


timelines for income tax return filing

Extension of timelines for filing of Income-tax returns and various reports of audit for the Assessment Year 2021-22

On consideration of difficulties reported by the taxpayers and other stakeholders due to COVID and in electronic filing of various reports of audit under the provisions of the Income-tax Act,1961 (Act), the Central Board of Direct Taxes (CBDT), in exercise of its powers under Section 119 of the Act, provides relaxation in respect ofthe following …


Statuary-compliances-january 2022

Tax Compliance Calender for January 2022

Wealth 4 India is a reputed (ISO9001:2008 Certified) online Tax Advisory, Reconciliation and Consultancy Service, specializing in designing Client specific composite Tax Solutions. We appropriately plan out and tailor our Client’s Tax Objectives, by a painstaking weaving of its Tax linked threads into a Tax filing pattern as designated by Law. Our Tax Solutions, exemplify …