PM Modi to launch a platform for honoring the honest taxpayers Prime Minister Shri Narendra Modi will be launching a new platform for “Transparent Taxation – Honoring the Honest” through [Read More…]
Background TCS (Tax Collected at Source) is a tax which is collected by the seller from the buyer and deposited to the account of the government on behalf of the [Read More…]
What is better WILL or TRUST? Succession planning is important as it will make the smooth disposal of the property or estate after death of the concerned person. It [Read More…]
VERIFICATION OF PENDING ITR – ONE TIME RELAXATION Background As per Income Tax Act, any Income Tax Return (ITR) can be filed and verified using the following modes: – Using [Read More…]
Succession planning through WILL WILL is a legal document which reflects the desire of a person as to how he/she wishes to manage and/or distribute the assets after his [Read More…]
Changes in Form 26AS – Annual Information Statement (w.e.f. 1st June, 2020) The government has introduced Rule 114-I in Income Tax Rules where the Form 26AS has become Annual Information [Read More…]
Key Changes in ITR Form for the AY 2020-21 Interchangeability of PAN and Aadhaar PAN and Aadhaar can be interchangeably used while filing of the ITR. In other words, [Read More…]
CBDT provides relaxation for application of lower/NIL deduction TDS certificates w.r.t. FY 2020-21 Due to the outbreak of the COVID-19 pandemic and the lock down has caused disruption in [Read More…]
Companies Fresh Start Scheme, 2020 Government has issued a General Circular No. 12/2020 dated 30th March 2020 in order to revive the non-compliant companies. As per part of the government initiative [Read More…]
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