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CBDT Clarifies Provisions Regarding TDS Deduction from Salaries for F.Y. 2020-21
Shivani Jain
| Updated: Dec 09, 2020 | Category: Income Tax, News

CBDT Clarifies Provisions Regarding TDS Deduction from Salaries for F.Y. 2020-21

Recently, CBDT (Central Bureau of Direct Taxes) by way of Circular No: 20/ 2020, issued on 03.12.2020, has clarified provisions regarding the “TDS Deduction from Salaries for the Financial Year...

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Know Everything about Payment of Income Tax on Diwali Gifts
Sanchita Choudhary
| Updated: Nov 10, 2020 | Category: Income Tax

Know Everything about Payment of Income Tax on Diwali Gifts

Diwali the festival of lights, sweets and colourful decorations has finally on the corner, and thus is the time to exchange gifts with your friends, families, relatives or even employees....

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Extension of Due Dates for Tax Audit Report and ITR in AY 2020-21
Shivani Jain
| Updated: Nov 06, 2020 | Category: Income Tax, News

Extension of Due Dates for Tax Audit Report and ITR in AY 2020-21

The Central Bureau of Direct Taxes (CBDT) by way of a Press Release issued on 24.10.2020 had extended the due dates for submitting the Tax Audit Report and Income Tax...

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Tax Residency Certificate (TRC)
Sanchita Choudhary
| Updated: Oct 20, 2020 | Category: Income Tax

Tax Residency Certificate (TRC)

A tax residency certificate (TRC) is issued to verify which country the citizen belongs. The TRC is considered to be a must have certificate for any such resident whose income...

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CA Service Provider in India
Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020
Sanchita Choudhary
| Updated: Oct 07, 2020 | Category: Income Tax

Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020

In midst of Covid-19 pandemic where the world is facing huge economic crisis the Finance Minister Nirmala Sitaraman introduced the Taxation and Other laws (Relaxation and Amendment of Certain Provisions)...

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Form ITR 7: A Comprehensive Guide on This Income Tax Return
Shivani Jain
| Updated: Sep 18, 2020 | Category: Income Tax

Form ITR 7: A Comprehensive Guide on This Income Tax Return

The term “Form ITR 7” denotes an Income Tax Return that is filed by all the companies and entities which are claiming exemption under section 139(4A), 139(4B), 139(4C), and 139(4D)...

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Form ITR 6: Concept and Amendments Made for the F.Y. 2019-20
Shivani Jain
| Updated: Sep 16, 2020 | Category: Income Tax

Form ITR 6: Concept and Amendments Made for the F.Y. 2019-20

The term “Form ITR 6” denotes an Income Tax Return filed by the companies that are not claiming exemption under section 11 of the Income Tax Act 1961. Further, section...

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Form ITR 5: A Complete Guide on This Income Tax Return
Shivani Jain
| Updated: Sep 14, 2020 | Category: Income Tax

Form ITR 5: A Complete Guide on This Income Tax Return

The term “Form ITR 5” denotes an Income Tax Return filed by every taxpayer who is neither filing Form ITR 7 nor filing any return under section 139 (4A), 139...

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NBFC License Registration
Form ITR 4: Changes Made in the Assessment Year 2020 – 2021
Shivani Jain
| Updated: Sep 10, 2020 | Category: Income Tax

Form ITR 4: Changes Made in the Assessment Year 2020 – 2021

The term “Form ITR 4” denotes an Income Tax Return (ITR) filed by the taxpayers who are falling under the “Presumptive Income Scheme” under section 44 AD, section 44 ADA,...

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Form ITR 3: Latest Updates and Procedure to File Online
Shivani Jain
| Updated: Sep 05, 2020 | Category: Income Tax

Form ITR 3: Latest Updates and Procedure to File Online

The term “Form ITR 3” denotes an Income Tax Return (ITR) filed by the Individuals or HUFs (Hindu Undivided Families) who are earning income under the head of PGBP (Profit...

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