The Income Tax (IT) Department is going to start an e-campaign on voluntary compliance of Income Tax for the convenience of taxpayers from 20th July, 2020, the 11 days campaign ending on 31st July, 2020 focuses on the assessees/taxpayers who…
CBDT recently brought out the new form 26AS for ease of filing of Income Tax Returns (ITRs) by taxpayers. The new form is a faceless hand-holding of taxpayers, to help them with updated financial transactions, so as to facilitate voluntary…
At the 43rd Annual general meeting of Reliance Industries Limited, It’s Chairman Mukesh Ambani announced that Alphabet’s Google will invest 33,737 Crore in Jio Platforms for a 7.7 per cent. This development comes just 2 days after the Google announced that…
As per the provisions of Income Tax Act 1961, Banks are required to deduct TDS @ 2% from the aggregate cash withdrawals exceeding Rs 1 Crore made during a Financial Year (FY), from one or more accounts, maintained by a customer under the same PAN.…
We are sharing some Interview Tips which will help you to get a job in the year 2021 amid the COVID-19 prevailing situation. Due to this prevailing pandemic situation in the world, many companies are firing their employees or not…
ITR Filing: ITR 1& ITR 4 Forms for AY 2020-21 has been released. ITR Filing for AY 2020-21: The CBDT (Central Board of Direct Taxes) had recently notified the Income Tax Return (ITR) Form 1 to 7 for the assessment…
The Income Tax Department has amended the TDS rules 1962, making it more detailed and mandatory on the deductors side to state the reason for Non-deduction or less deduction of Income tax. In the budget 2019-20, the Central government had…
