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...
MOREDiwali 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....
MOREThe 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...
MOREA 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...
MOREIn 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)...
MOREThe 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)...
MOREThe 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...
MOREThe 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...
MOREThe 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,...
MOREThe 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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