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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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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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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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Form ITR 2: Latest Updates and Procedure to File Online
Shivani Jain
| Updated: Aug 31, 2020 | Category: Income Tax, News

Form ITR 2: Latest Updates and Procedure to File Online

The term “Form ITR 2” denotes an Income Tax Return filed by the individuals or HUFs (Hindu Undivided Family), who are not earning income from PGBP (Profit and Gain from...

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Form ITR 1: Changes made for the Assessment Year 2020-2021
Shivani Jain
| Updated: Aug 28, 2020 | Category: Income Tax, News

Form ITR 1: Changes made for the Assessment Year 2020-2021

The term “Form ITR 1” denotes an Income Tax Form filed by the individuals who are Resident other than Not Ordinarily Resident and having Annual Income up to Rs 50...

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Transparent Taxation: PM Decides to Honor Honest Taxpayer
Shivani Jain
| Updated: Aug 13, 2020 | Category: Income Tax, News

Transparent Taxation: PM Decides to Honor Honest Taxpayer

“Minimum Government and Maximum Governance” The term “Transparent Taxation” denotes a new tech-driven taxpaying platform unveiled by our Hon’ble Prime Minister, Mr. Narendra Modi, on 13.08.2020, through video conferencing at...

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