CBDT REDUCES TIME LIMIT FOR VERIFYING INCOME TAX RETURN What is ITR-V? ITR-V stands for ‘Income Tax Return – Verification’ form. Income Tax Department
RECENT AMENDMENT IN EQUALISATION LEVY INTRODUCTION: Equalisation Levy was introduced in India in 2016, with the intention of taxation the digital transactions i.e. the income
MGT-7 & MGT-7A: FILING OF ANNUAL RETURN OF COMPANIES Every company needs to file an annual return of the company with the registrar of
IMPORTANCE OF FILING INCOME TAX RETURN What’s an ITR? ITR stands for Income Tax Return. A form you have to submit to the Income Tax
ARTIFICIAL INTELLIGENCE AND ITS IMPORTANCE INTRODUCTION: Artificial Intelligence in simple terms means an ability of a computer or a robot controlled by a computer to
ANALYSIS OF ITR-U RETURN FILING AND ITS IMPORTANCE During Budget 2022, Nirmala Sitharaman announced that taxpayers may now file Updated Income Tax returns (ITR-U). The
TAXATION AND LEGAL PROVISIONS ON GRATUITY What is Gratuity? Gratuity’ is a retirement benefit. Gratuity Act, 1972 act provides retirement benefit to the workman
GSTN: DEDUCTORS TO FILE FORM GSTR-7 BEFORE 10TH JULY What is GSTR-7? GSTR-7 is a return filed by the individual who deducts TDS under GST.
GSTR-3B: CHANGES IN REPORTING AND FILING CBIC has notified a series of changes in filing of its existing return in Form GSTR-3B. Form GSTR-3B is
Latest GST Notification A bunch of notifications has been issued on 05.07.2022 by the CBIC to give effect to some of the recommendations of
