Life insurance is a critical part of any tax planning. As we live in the capital-driven world, it becomes vital to ensure the financial safety of our family and for those who depend on us. COVID-19 pandemic has once again asserted the importance of Life Insurance. This is the reason why people are scrambling to […]
The government is working on setting up a single window system for clearances and approvals of industry, Parliament was informed on Wednesday. In a written reply to the Lok Sabha, Commerce and Industry Minister Piyush Goyal said despite the presence of several IT platforms for investing in India such as in departments of the central government, and state single window clearances, investors have […]
Time and again, you might have heard about this term. In this blog, I will try to answer some basic questions related to TDS so that you can understand its importance and use. What is TDS? Tax Deducted at Source or TDS in common is a tax that is deducted from the total payment by […]
Form 26AS is an annual summary of all the taxes that are credited against the PAN of any taxpayer. Every tax that is deducted from the income of a taxpayer by his/her employer, bank or any other income source is mentioned in detail in this Form 26AS. Any advance duty or self-assessment tax paid by […]
Every document that you need to file your ITR on time!
If you regularly file your ITR, you might be aware of tax deduction under section 80C of Income-tax. If you are going to file your ITR for the first time, you need to have certain vital information about it. In any case, I am sure this piece of information will help you understand various deductions […]
As per the recent tweet of the Central Board of Indirect Taxes and Customs (CBIC), the Last date for filing Form GSTR 4 for the FY 2019-20 has been extended to October 31, 2020. Note: The notification will be issued shortly in this regard. Source: https://twitter.com/cbic_india/status/1300457845184368640?s=20
Udyam (earlier known as Udyog Adhaar) is a registration certificate for the MSMEs, that can be obtained from the Udyam registration portal by self-declaring all the necessary information. As per the Government’s notification, Udyam registration will be mandatory for all those who are willing to establish their Micro, Small or Medium enterprise. Upon Registration, these […]