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...
MOREThe 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...
MORE“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...
MOREGoods and Service Tax or GST Act is one of the significant reforms in the Indian Financial Sector. However, the feature that became the talk of the town was the...
MOREA sigh of relief came for a taxpayer when Finance Minister Nirmala Sitharaman announced that a responsible citizen can file Returns of Income Tax for FY 2019 beyond the deadline...
MORETaxation holds vital importance for anyone pursuing his profession and earning income from it. If you are a salaried employee, then you must have come across ‘Professional Tax’ mentioned on...
MOREUnion Budget 2020 has set some new compliance for Charitable Trust, NGO and religious institutions to claim tax exemptions. The revised provision will bring a pivotal change for such organizations....
MOREIn India, Non-Profit Organizations (NPOs) can be registered as a Society, Trust or Section 8 Companies. The sole purpose of such organizations is to undertake public welfare activities for a...
MOREPAN or Permanent Account Number holds supreme importance not only for the taxpayers but also for all the citizens of India. An individual can avail several benefits from a PAN...
MOREFinance Minister, Nirmala Sitharaman has proposed a new income tax regime in the Union Budget 2020 on Saturday. The declaration reveals significant income tax cuts which serve as a ray...
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