Amendments in Form 26AS- Income Tax Passbook What is Form 26AS? Every individual or company that has deducted taxes must credit that amount to the government via banks. Form 26AS is an annual consolidated tax statement generated by the Income […]
Tax Audit under Section 44AB of Income Tax Act Introduction Every business or professional in India earning beyond a specific threshold must undergo a Tax Audit under Section 44AB of the Income Tax Act. This audit acts as a check […]
Extension of due date of income tax return filing for 2018-19 Important Due date alert Last date of filing of ITR for FY 2018-19 was 31st July 2019 for persons who are not required to get their accounts audited. For […]
Know who should file income tax returns for FY 2019-20. Understand if you are liable to file the return. What is Income Tax filing (ITR filing)? Income Tax Return is the form in which the assessee files information about his […]
Understanding Safe Harbour Rules Under Indian Tax Laws Let’s Understand Safe harbour rules play an important role in India’s transfer pricing framework by offering certainty and reducing prolonged disputes with tax authorities. These rules allow eligible taxpayers to opt for […]
Due dates for GST Returns and Income Tax Returns for the Month of June 2020 and July 2020- As extended The Month of June and July, 2020 is significant from the point of view of due dates for filings, […]
Cost Inflation Index for the FY 2020-21 AY 2021-22 What is Cost Inflation Index? Cost Inflation Index (CII) is calculated to match prices at the inflation rate. In simple words, an increase in the inflation rate over time will lead […]
How to make income tax payment online with Challan 280? Income tax is a fundamental component of the financial system, ensuring governments can fund public services, infrastructure, and social welfare programs. In India, the payment of income tax is an […]
A useful compilation on various steps taken by Government of India amid COVID 19 outbreak Much has been spoken about outbreak of COVID-19 and its effects on the world and economies have surely been devastating. Best of the economies of […]
