The rapid outbreak of Novel coronavirus (Covid-19) presents an alarming health crisis that the world is fighting with. The COVID-19 outbreak has significant impact on economies of effected countries. While the country is in complete lockdown the new financial year (FY 2020-21) has sneaked in from 01st April 2020. For … Continue reading “Income Tax changes to Impact Business Compliance Due to COVID-19”
Advance tax refers to paying a part of your taxes before the end of the financial year. Also called ‘pay-as-you-earn’ scheme, advance tax is the income tax payable if your tax liability is more than Rs10,000 in a financial year. It should be paid in the year in which the … Continue reading “Advance Tax ? Make Payment or Not”
Are You required to file Income Tax Return in India? As a part of government of India Mission to increase the Tax base of Indian Population. Government has made amendment under Section 139 of the Income tax Act in the Previous Budget and made certain section of the people compulsory … Continue reading “Income Tax Return-Is it Compulsory Now ?”
This facility is for allotment of Instant PAN (on near-real time basis) for those applicants who has a Aadhaar number in which mobile Number is registered. This is the First of the Government Document Which is Free, Instant & Online. This facility is for the Individuals Only. PAN is issued … Continue reading “PAN (Permanent Account Number) | FREE Online In Just 10 Minutes.”
Angel Tax is a term basically used to refer to the income tax payable on the capital raised by unlisted companies via the issue of shares through off-market transactions. But then, what is the problem in that? Shouldn’t every company pay its due share of taxes? True, Angel tax essentially derives its … Continue reading “Angel Tax | Taxes On Shares Issued at Premium”
Challan 280 is one way to pay your advance tax, regular assessment tax, self-assessment tax, tax on distributed income and profits, additional charges etc. online. Our government portals were quick to adopt the instant and hassle-free online payment system to collect taxes from citizens. Let’s discuss how. 1. Steps to … Continue reading “How to Pay Income tax Online that is Due? – Challan 280”
The Income Tax Return Filing Season is around the Financial Year 2018-19 has been ended and the each and every person is required to file Income Tax return. In this Blog You are going Learn Who needs to file ITR, Why , What are the Informations that are required to … Continue reading “Income Tax Return- Must Read Guide for ITR”
Income tax Slab is the way tax is Calculated on the basis of Income in the Financial year 2018-19 Respective Assessment Year 2019-20.
Income tax slab is declared at the Union Budget by the Finance Minister.