Changes in the new IT return forms released by CBDT for AY 2020-21 The Central Board of Direct Taxes (CBDT) has notified Income Tax forms – ITR 1 and ITR 4 for A.Y. 2020-2021 well in advance. The said forms will be applicable for filing income tax return for the period April 1, 2019 to […]
Provisions for MSME Sector under GST Many decisions have been taken by the GST Council in its various meeting for the betterment and benefit of MSME Sector: Details of such major decisions are as below Goods, which are manufactured majorly by the unorganized MSME Sector, have been kept at lower rates or are exempted. For […]
Role of CIBIL Score in Finance CIBIL stands for Credit Information Bureau (India) Limited which is a part of “TransUnion” an American multinational group. It maintains credit files of around 600 million individuals and 32 million businesses. TransUnion is one of four credit bureaus operating in India and is majorly trusted by banks and financial […]
PAN-Aadhaar linking: What will happen if PAN is not linked with Aadhaar by September 30? If you do not link your PAN with Aadhaar by September 30, then your PAN will become inoperative from October 1. Earlier the rule was that, if your PAN was not linked with your Aadhaar by a specified date, then […]
How to check scrutiny risk in Tax Audit Report? The due date of Income Tax Audit is 30th September, 2019 and all the taxpayers are busy finalizing their Income Tax Report. So, what the taxpayer should do in order to avoid scrutiny risk?
Government unlikely to offer GST concessions to auto companies NEW DELHI: The government is unlikely to offer GST concessions to the auto sector as it believes that the current slowdown is the result of higher growth in the last few years, although pressure started building up in the second half of the last fiscal.
Life Insurance can provide Tax Benefits to you! Often, people opt into life insurance because of reasons that have to do with tax planning and saving. The importance of life insurance is not lost on anyone who has a family or dependents. Life insurance provides an essential financial shield for the family in the unfortunate […]