Aadhaar-based instant PAN Applicable only for Individuals Permanent Account Number (PAN) PAN (Permanent Account Number) is a ten-digit alphanumeric unique number. It is issued by the Income-tax department based on [Read More…]
Impact of COVID-19 on Valuation from Valuer’s perspective VALUATION IMPACT Stock markets around the world have fallen with the SENSEX falling by over 40% since the beginning of March. Volatility: [Read More…]
TCS ON SALE OF GOODS – NEW PROVISION TCS (Tax Collected at Source) is a tax that is collected by the seller from the buyer and deposited to the account [Read More…]
CA members can avail the COVID grant from ICAI Considering the difficult time due to COVID 19 pandemic, the Management Committee of CABF, ICAI has planned to sanction the COVID [Read More…]
VERIFICATION OF PENDING ITR – ONE TIME RELAXATION Background As per the Income Tax Act, any Income Tax Return (ITR) can be filed and verified using the following modes: – [Read More…]
Affidavit for HUF PAN CARD application If one wants to apply for PAN for a HUF, a duly filled and signed Form 49A is required to be submitted to any [Read More…]
FM announces merger of Public Sector Banks Latest>>Finance Minister addresses issues of Homebuyers and exporters FM Nirmala Sitharaman today, on 30th Aug 2019, announced a merger of 10 Public sector [Read More…]
UDIN now Mandatory for Company Secretaries – from 1st October 19 Similar to the initiative by ICAI, The Institute of Company Secretaries of India (ICSI) has also rolled out a [Read More…]
ICAI: Compilation of notifications for July 2019 Accounts ICAI and ASB invite comments on the exposure draft of Deferred Tax related to Assets and Liabilities arising from a Single Transaction. [Read More…]
Pre-budget memorandum: Suggestions by ICAI Finance Minister Nirmala Sitharaman will be presenting the full-year Union Budget for the financial year 2019-20 on 5th July, 2019. This Union Budget will be [Read More…]
A checklist that all the tax deductions have been claimed for the year before filing ITR As the financial year is coming to an end, you are left with little time [Read More…]
House Rent Allowance and Tax Saving A salary structure generally consists of House Rent Allowance along with Basic Salary. However, HRA can provide you with some tax exemption, unlike basic [Read More…]
Section 80CCC – Deduction for contribution to pension funds Overview Considering ever going inflation, it is important to plan for the future cautiously. Pensions are different from savings, savings can [Read More…]
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