NEW ANNUAL INFORMATION STATEMENT (AIS) The Income Tax Department has introduced new Annual Information Statement (AIS) on the Compliance Portal, that provides a complete view of information to taxpayers and allows them to provide online feedback. The latest AIS can be accessed by going to the “Services” tab on the new Income Tax e-filing portal www.incometax.gov.in and …
Growing Concerns about FCRA renewals. “How long should we wait before getting agitated about this delay in FCRA renewal?” a nonprofit leader recently asked. We will be unable to pay our employees unless we have a valid FCRA certificate.” The FCRA act 2010 governs the inflow of foreign contributions to Indian nonprofit organisations. The Ministry …
Uniswap Scams: How to Identify and Avoid Scams Is Uniswap Safe? As part of this movement, Uniswap’s decentralised exchange has become one of the most popular platforms, offering swaps between Ethereum (ETH) and various ERC-20 tokens, as well as liquidity pools where users can earn returns by depositing tokens — all without having to entrust …
Apply Lower or Nil TDS Deduction certificate online Form 13 TDS Deduction – Form 13 Online – Lower or No TDS Deduction The income tax provisions relating to lower or nil TDS deduction imply that where TDS is required to be deducted but the recipient’s income qualifies the assessing officer for a lower or nil …
Brief Introduction about Striking off of Company Running a corporation is not a cakewalk, sometimes the founders of the corporate take tough decisions to shut down the entity. During the last 3 years, nearly 3.8 lakh companies are struck off under the companies Act, 2013. Many companies find it difficult to undertake their operation under the Covid 19 pandemic. There are two ways for closing an organization, strike off and winding …
Income Tax Audit Form No. 3CD amended by The Central Board of Direct Taxes through Notification No. 33/2018, The new features of Form 3CD will be in effect from 20th August 2018 to incorporate further reporting requirements related to Goods and Service Tax (GST), Transfer pricing, Statement of Financial Transactions, Section 32AD, Income from other …
Difference CA vs MBA Professional Examinations & pattern Introduction – This is part of a discussion a fellow Chartered Accountant is having with regard to the changes our community (read Chartered Accountants and Chartered Accountants students) wants from the new Central Council and Regional Council for the betterment of the Chartered Accountants course. I put …
Issues & suggestions in Consultation paper issued by the NFRA In Paragraph 1.2 of the Consultation paper dated 29.09.2021, it has been said that “As per view of significant role played by Corporates in India in Economic development & growth of the India, it is required that the regulatory environment of Indian economic is conducive …
Get INR 20,00,000/- By Investing INR 100: Post Office Scheme The Post Office offers a variety of useful schemes that will help you keep your money safe and provide you with more rewards than you would get from any other source. Post office schemes are the solution to go if you’re looking for a safe …
File your Income Tax Return(ITR) Government of India is enforcing the Income tax on the income of a person. Every person is responsible for Income tax filing whose income is above the maximum exemption limit specified by income tax act 1961. The Income tax dept make the assessment of theses these income return, and if …