Taxation

ITR for FY 2019-20 (AY 2020-21) Due Date is 30th November. Importance of filing income tax return An income tax return is a legal document that stands as your proof of income. Even if you are...

1. Section 80C: Deduction up to Rs 1.5 lakh on home loan principal repayment. 2. Section 24b: Deduction up to Rs 2 lakh on interest repaid during pre and post construction period. 3. Section 80EEA: Additional...

It has been informed by The Welfare Commissioner of Haryana Labour Welfare Board, that the last date of depositing the Labour Welfare Fund without any interest pertaining to the year 2019 has been extended till 30-06-2020. The date is extended to 30-06-2020 for contributions pertaining to 2019

CBIC made E-invoice under GST mandatory for registered persons having aggregate turnover above ₹20 crore in any of the previous years from 01st April 2022. The existing limit of 50 crores has been reduce...

Advance tax means Income Tax should be paid in advance instead of lump sum payment at year end. It is also known as pay as you earn tax. These payments have to be made in instalments...

- Yes - It is mandatory to list all bank accounts in the ITR form. - it is mandatory to report all your bank accounts except the dormant ones. ... These are- name of the bank, account number and IFSC code....

- Mandatory ITR if Gross Income exceeds INR 2.5 Lakh - Advance Tax liability if Tax is above INR 10000. - Every professional service rendered by you is subject to 10% TDS. Like every salaried individual,...

The ESIC has extended the deadline for filing of ESI contribution for August 15th, 2022 to 22nd September, 2022 instead of 15th September

For the financial year 2020-2021, every individual has the option either to continue with existing tax rate where exemptions and deductions can be claimed or to opt out for new tax regime where the rates...

Upcoming Due Dates for GST and Income Tax