Importance Of TDS And Self-Assessment Tax To File Your Income Tax Return

An individual earns money from various sources- From Salary, Property, Side Business, etc. While TDS accounts for the tax to be paid from the salary which is deducted at the …

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Importance Of Linking Aadhar Card To Your Income Tax Account To E-File Return

Privacy issues associated with Aadhaar are a matter of intense debate and vehement opposition. But in September 2018, the Supreme Court confirmed that Aadhaar is compulsory for filing of income …

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What Are All The Documents Required For E-Filing tax Return

Filing for Income Tax Return is an annual occurrence and it’s important for each taxpayer to understand which documents are needed for filing ITR. Apart from all the fundamental documentation, …

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Difference Between Form 16 And Form 26 For E-Filing

Form 16 is the total of the amount (including basic salary and other allowances) paid to the employee and the taxes deducted during a financial year. The form is an …

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GST and Income Tax relaxation due to Corona Virus

The government issued an ordinance Tuesday to bring into effect compliance relief measures for taxpayers in the wake of Covid 19 that were announced by the finance ministry last week. …

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Old or New TAX Regime

Finance Minister Nirmala Sitharaman, in her Budget speech, announced a new, simplified income tax regime for taxpayers with revised income tax slabs and tax rates. While the government has introduced …

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Financial Bill 2020 : Different Sectors

MSMEs Steps proposed by the government for the MSMEs: Amendments will be made to Factor Regulation Act, 2011. Amendments to be made to enable NBFCs to extend invoice financing to …

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Government Support Falling Economy

While not every person’s desires were met, the Foreign Minister (FM) proposed certain expensive changes to the annual duty law as a stage towards finishing the mammoth assignment of boosting …

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GST in New Budget Of 2020

A simplified return format for GST is being introduced from April 2020, Finance Minister Nirmala Sitharaman said on Saturday. In her second Budget presentation, the finance minister said GST has …

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