Types of Cash transaction required to be reported in Form 61A

Types of Cash transaction required to be reported in Form 61A Specified financial transaction General query for Cash transaction which is required to be reported in Form 61A Under Rule 114E of the Income Tax Rules, the statement of financial transaction in Form 61A is required to be furnished in compliance with section 285BA of […]

Deadline for employers to provide Form 16 is May 31

Deadline for employers to provide Form 16 is May 31 Now time has come to an employer to inform you about the taxes deducted in the previous year and get Form 16 i.e. for the financial year 2016­-17. Each month, the employer would have deducted tax at source (TDS) on your salary income and deposited […]

How you will file tax returns under GST from July 1

How you will file tax returns under GST from July 1 Small businesses are the backbone of Indian economics. They drive the velocity of country’s economics, industrial growth, and catalyst for job creation. However, a large number of businesses in the country are unorganized and irregular in filing returns and paying taxes.