New ITR Return Forms for AY 2023-24 It also published the Income Tax Rules, which aim to make additional changes to the Income Tax Rules, 1962. Moreover, in Appendix-II of the principal rules, for Forms SAHAJ ITR-1, ITR-2, ITR-3, SUGAM ITR-4, ITR-5, ITR-6, ITR-7, and ITR-V, the two Forms shall be substituted. Form ITR-1 Sahaj …
CBDT launched New Income Tax e-filing portal for taxpayers from June 7 & Pay Tax via Credit Card On the 7th of next month, the Income Tax Department will introduce its new e-filing portal at www.incometax.gov.in. Between June 1 and 6, taxpayers and Income Tax Department officers will be unable to access the existing portal. …
Taxation on Employee’s Stock Option Plan (ESOP) in India According to section 17(2)(vi), shares are vested to employees (vesting) because they have an absolute right to collect them after a certain amount of time has passed from the date of grant. When an employee is given those choices, he subsequently begins to exercise them (exercise). …
Step-by-Step Guide to Investment Advisor Registration with SEBI According to the Investment Advisors Act of 1940, an investment advisor, also known as a stockbroker, is any person or group who makes investment recommendations and conducts securities analysis for a fee through direct management of clients’ assets or through written publications. The SEBI introduced in 2013 …
LLP Annual Compliance’s A Limited Liability Partnership (LLP) is a business entity that includes the characteristics of a partnership and a company. The Ministry of Corporate Affairs’ Registrar of Companies regulates LLPs. A limited liability partnership (LLP) is a legal entity that exists independently of its partners and has a perpetual succession. The following are …
BRIEF INTRODUCTION As we know that is every organization, where there exists an employer employee relationship, every employer is liable to deduct TDS from the salary paid to their employees. Thus, Form 16 is a certificate issued by the employer, under Income Tax Act, 1961, to their employees, evidencing the deduction of TDS. It constitutes …
REPATRIATION An NRI, OCI and a Foreign Citizen residing in India, are often into the transaction of remitting the money from Indian Bank accounts to foreign or NRI accounts. To undertake such type of transactions, the banks are authorized to ask for certain documents namely – Application form duly filed and supported with required documents …
THE TOP TEN FASTEST GROWING CRYPTOCURRENCIES IN 2021 Cryptocurrencies are on every Investor’s mind when they think about investing. It’s a subject that’s bursting across the business media industry, and rightly so, given its wildly fluctuating price highs and lows. If you’ve considered investing in Bitcoins, reconsider because there are numerous other cryptocurrencies on the …
Beware: Increase in Price of ether is a threat to your Bitcoin The rise in the price of Ether may pose a threat to Bitcoin cryptocurrency. On Monday, May 10th, the price of ether surpassed $4,000, setting a new record high. Despite being the second-largest cryptocurrency, this new record appears to be an attempt to …
COMPLETE UNDERSTANDING LLP COMPLIANCES Limited Liability Partnership (LLP), governed by the LLP Act 2008 came into force on 31/03/2009. The main objective behind such type of partnership was to introduce a type of business form which is a perfect combination of the operational easiness and flexibility of a partnership firm along with the limited liability …