ESIC extends contribution depositing for August to 22nd September 2022
The ESIC has extended the deadline for filing of ESI contribution for August 15th, 2022 to 22nd September, 2022 instead of 15th September
New Income Tax Regime vs Old Tax Regime
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...
GST amendment w.e.f. 1st January 2022
We would like to inform you that CBIC has notified the specific provisions of the Finance Act 2021 to be effective from 1st January 2022 vide Notification 39/2021 Central Tax.
We have summarized a few...
Updated Due Date Chart of Income Tax Compliance
Due to COVID-19 pandemic and challenges faced by taxpayers, The Government has extended due dates of Direct Taxes.
Chart of Due dates/Extended due dates under Income Tax Act, 1961
Nature of Compliance
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Income Tax Return Due Date Extend for FY 2018-19
Due to the Covid pandemic & to further ease compliances for taxpayers, CBDT extends the due dt for filing of Income Tax Returns for FY 2018-19(AY 2019-20) from 31st July, 2020 to 30th September,...
Which ITR applicable to whom for FY 2019-20/AY 2020-21
Form ITR-1 (Sahaj): This form is for Individuals being a Resident (other than not ordinarily resident) having total income upto Rs. 50 lakhs, having Income from Salaries, one house property, other sources (Interest, etc.),...
Is it mandatory to disclose all Bank Accounts in ‘ITR’ ?
- 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....
Income Tax Saving (Deductions on Section 80C , 80D and others)
Deductions Available under Chapter VI of income tax
Chapter VI A of Income Tax Act contains various sub-sections of section 80 that allows an assessee to claim deductions from the gross total income on account of various...
ITR filing of deceased person
ITR filing of deceased person:
In order to file the ITR of the deceased in the capacity of a legal heir, the first step is to register oneself as a legal representative of the deceased...
