Events & updates

List of Holidays 2020

What Income Tax Form 26AS contains? Form 26AS is the annual statement in which the following details of taxpayers are ... Read More
Income Tax Return: Documents required for AY 2020-21 ITR filing Income Tax Return An Individual is required to file the ... Read More
Section 12AB | Finance Act 2020 | Amendment in Section 12AA/ 80G/ 80GGA The Finance Act 2020 had made significant ... Read More
Re-registration u/s 12AB for all Charitable Trusts: – All the charitable trusts, section 8 companies, Societies etc need to register ... Read More
Ministry of Finance Posted On: 24 JUN 2020 8:48PM by PIB Delhi In view of the challenges faced by taxpayers ... Read More
Failed online transaction or transferred money to a wrong account? Here is what to do While the concept of making ... Read More
Companies Fresh Start Scheme, 2020 Government has issued a General Circular No. 12/2020 dated 30th March 2020 in order to ... Read More
GSTR-9Late fees is mentioned in Section 47(2) of the Act, i.e Section 47(2):- Any registered person who fails to furnish ... Read More
UNION BUDGET 2020 Personal Taxation Existing Income Slab (In Inr) Status of Individuals – General Category250,000Nil250,001-500,0005%500,001-10,00,000INR 12500+20% on excess of ... Read More
Donations Eligible Under Section 80G and 80GGA Section 80G Contributions made to certain relief funds and charitable institutions can be ... Read More
MCA would be shortly deploying a new Web Form ‘SPICe Plus’offering Inc. multiple servicesviz. 👉🏻name reservation,👉🏻incorporation,👉🏻DIN allotment,👉🏻mandatory issue of PAN, ... Read More
Ministry of Finance (Department of Economic Affairs) vide their E-Gazette Notification dated 12th Dec,2019,G.S.R. 913(E),has notified that Central Govt. rescinds ... Read More
How SBI customer withdraw cash through OTP from January 1, 2020 between 8 pm and 8 am. SBI’s OTP-based cash ... Read More
Happy 2020 !
1 It is New Year and it is the the best time for us to renew our way of life ... Read More
‘Not all money, only up to ₹ 1 lakh insured in banks,’ RBI-owned subsidiary says After Reserve Bank of India ... Read More
Government has made some changes in the forms of Annual Return (GSTR-9) and the Reconciliation Statement (GSTR-9C) vide Notification No ... Read More
TDS under the GST mechanism has been made mandatory from 1st October 2018. What is TDS under GST mechanism? The ... Read More
Have you filed your ITR and forget to verify it? Not to worry, “it’s never too late”. You still have ... Read More
Due date for filing of GSTR9
GSTR-9, Govt extends the due dates of filing of Form GSTR-9 and GSTR-9C Posted On: 14 NOV 2019 3:32PM by ... Read More
When a company is formed for a future project or hold an asset or intellectual property and has no any ... Read More
Companies are required to file their financial statements and annual returns within the appointed dates. In the event that such ... Read More
If the ITR is processed by the I-T Department but still the tax refund is not credited in the bank ... Read More
Corporate Identification Number The registrar of companies allots CIN number to every company registered in India. CIN is Corporate Identification ... Read More
The Income Tax Act has divided the income received by an individual into five different heads. One of them is ... Read More
Here are the deductions available under Chapter VI A Section 80C: Any individual or Hindu Undivided Family (HUF) can claim ... Read More
Today there are many ways of the Digital payment. More and more people are adopting these methods as for the ... Read More
After the death of the account holder the nominees can claim the PPF amount by submitting Form G available on ... Read More
Nominee: Nominee, as the name suggests, is the person, who is chosen by another person to function as his/her representative ... Read More
Due date for ROC - Annual filing extended
General Circular No. 13/2019F.No. 01/3412013 CL-VGovernment of IndiaMinistry of CorPorate Affairs5s Floor,’A’Wing, Shastri Bhawan,Dr. Rajendra Prasad Road, New Delhi-lDated: 29.10.2019 ... Read More
Important- MCA-Compliance Monitoring system And the time has come, Now ignorance of any provision of the Companies Act will result ... Read More
Recent reforms in visa procedures complement India’s economic growth and facilitate foreign investors to do business in India. For instance, ... Read More
Furnishing of PAN card is mandatory for a contract valued above Rs 1 lakh for sale/purchase of securities PAN or ... Read More
PAN is an all India, unique ten-digit alphanumeric number, issued in the form of a laminated card by the Income ... Read More
Is it mandatory for a trust to file return of income? It is mandatory for a trust referred to in ... Read More
Post Office Senior Citizen Savings Scheme (SCSS) is the most popular savings instrument for people over 60 years of age ... Read More
Can Foreign Embassies/ Diplomats/ Consulate Generals acquire property in India? Answer: Foreign Embassy/ Diplomat/ Consulate General, can purchase/ sell immovable ... Read More
Post Office National Savings Certificate (NSC) is one of the most popular small saving schemes among Indians. You can invest ... Read More
Post Office Recurring Deposit (PORD) Scheme is a systematic savings plan, where you can deposit your money for a definite ... Read More
Source: HDFC Bank Whether it is bill payments, funds transfer or creation of a fixed deposit, internet banking allows you ... Read More
Here are the things you can do to prevent online theft in the first place:Protect Your Passwords- Use a different password ... Read More
Rental Agreement: Before proceeding to draft a Rental agreement, It is advisable to have the details of the tenant with ... Read More
India Post or Department of Posts, which runs the postal network of the country, offers a number of saving schemes ... Read More
As a business owner and a taxpayer, you must declare the income that you receive from carrying out business transactions ... Read More
Money Mistake 1Never start a business only with borrow money that accrues interest. That is to say, never borrow money ... Read More
Post Office Sukanya Samriddhi Yojana (SSY) is a Govt. backed scheme for the girl child in India. It is targeted ... Read More
Post Office Small Savings Schemes are very popular among people who want to invest their money in the Govt. run ... Read More
Post Office Monthly Income Scheme (MIS) is best for those who are looking for a safe and constant stream of ... Read More
Can foreign nationals open bank accounts in India? Foreign nationals staying in India for a long period can open resident ... Read More
What does your PAN number mean 1/6 Your Permanent Account Number (PAN) card has come to serve you during many ... Read More
Balance Sheet is the financial statement of a company which includes assets, liabilities, equity capital, total debt, etc. at a ... Read More
Source: HDFC Bank What is the main difference between a Recurring Deposit and Fixed Deposit? A Recurring Deposit is an ... Read More
Starting April, 1, the tax saving season is on and both, salaried and non-salaried Here are few such tax savers ... Read More
The Income Tax is the charges levied by the government on the income of a person. It is a direct ... Read More
Key Benefits of the Pradhan Mantri Awas Yojana (PMAY) Housing is a basic necessity for everyone; however, with rising costs ... Read More
What is a Charitable Trust?
Any organisation working for a social, cultural, economic, educational or religious cause is termed as an NGO. NGOs have made ... Read More
Mobile Wallet is a pre-paid instrument in which you can deposit money. This money can be used easily for big ... Read More
Under this section of the Income Tax Act, you can claim deductions against the various donations you make as specified ... Read More
Meaning of a ‘Trust’ ? A ”Trust” is an obligation annexed to the ownership of property, and arising out of ... Read More
Section 80C tax saving tip: Lesser known fact, get full Section 80C deduction without making any investments! Section 80C of ... Read More
Tax Deduction at Source (TDS) Tax deduction at source means the tax required to be paid by the assesses, is ... Read More
In India, all transactions that include foreign exchange are regulated by the Foreign Exchange Management Act (FEMA), 1999. It repealed ... Read More
(Updated as on September 29, 2017) 1. Who are Authorised Money Changers? 2. The objective behind allowing Authorised Money Changers ... Read More
(As on August 01, 2016) These FAQs attempt to put in place the common queries that users have on the ... Read More
Reserve Bank of India Foreign Exchange Department Central Office Mumbai – 400 001 Notification No. FEMA 21(R)/2018-RB March 26, 2018 ... Read More
Laws relating to Specific Industries
There are several legislations which regulate the conditions of employment, work environment and other welfare requirements of certain specific industries ... Read More
Highlights of Companies (Amendment) Ordinance 2019 1. *Commencement Certificate* is mandatory now to be obtain within 6 months of Incorporation ... Read More
Tax Deduction Account Number (TAN) is a unique 10 digit alphanumeric code allotted by the Income Tax Department to all ... Read More
mAadhaar is official mobile application developed by Unique Identification Authority of India (UIDAI) to provide an interface to Aadhaar Number ... Read More
Courtesy:FE If you think that only a big tax default or high-value transaction may invite income tax scrutiny, then think ... Read More
*About GSTR~ 9 C* *Provisions related to CGST Act 2017*. Section 44(2): Every registered person who is required to get ... Read More
(1) Every supplier shall be liable to be registered under this Act in the State or Union territory, other than ... Read More
How To Open Post Office Savings Account: Interest Rates, Tax Benefits, Other Details India Post, under the Department of Posts, ... Read More
Shareholders holding physical share certificates should convert it into dematerialized form by April 1, 2019 (earlier December 5, 2018):- 👉 ... Read More
GST:Key amendments made applicable from 1st Feb, 2019
1. Earlier supplier of goods and services were not allowed to opt for composition scheme but now they can apply ... Read More
The Budget announcement of no tax liability for income up to Rs 5 lakh created euphoria initially, till people realised ... Read More
1) Re-invest old tax-saving investments Once your old tax saving investments have crossed the lock-in period, withdraw the money and ... Read More
GST Website: Tamil
The Tamil Nadu Goods and Service Tax Practitioners Association (TNGSTPA) has launched an exclusive website in Tamil to cater ... Read More
IEC registration is required by a person for exporting or importing goods. It is a 10 digit code which is ... Read More
Stamp duty on amalgamation or reconstruction of companies: TN Government
Tamil Nadu government on Friday in the State budget for 2019-20, announced that the stamp duty on property transfer arising ... Read More
Key amendments made applicable from 1st Feb, 2019 are as under:
1. Earlier supplier of goods and services were not allowed to opt for composition scheme but now they can apply ... Read More
The budget 2019 proposal for the exemption of notional rent on the second self-occupied house is good news for people ... Read More
Tax-saving deductions beyond 80C
Section 80C offers a tax deduction of Rs 1.5 lakh for investment in five-year bank/post office deposits, contribution to Public ... Read More
If you are still thinking whether you are eligible to file ITR or not, then we give you 10 situations ... Read More
As per the tax law formulated by the Central Board of Direct Taxes (CBDT), which is effective from June 1, ... Read More
ICAI to train 1 lakh GST Accountants
Centre To Bear Full Cost Institute of Cost Accountants of India is all set to launch a course to train ... Read More
HIGHLIGHTS PAN of the buyer and the seller is mandatory to make e-payment of TDS on sale of property The ... Read More
It has become applicable from today and needs to be filed on or before 25th April, 2019. If not filed, ... Read More
1. Additional deductions available u/s 80C, 80CCC and 80CCD(1) under overall cap of Rs 150,000 a) Payment of school tuition ... Read More
Prime Minister Narendra Modi is scheduled to launch “One Nation One Card” on Monday in Ahmedabad, which can be used ... Read More
Before understanding the Norms for Agriculture Advance first should know about the Which type of Loans cover under Agriculture Advances: ... Read More
CIBIL stands for Credit Information Bureau (India) Private Limited. It is India’s first Credit Information Company. It maintains records of ... Read More
This article explains the complete step-wise procedure for registering an LLP in India. In upcoming sections, you will read details ... Read More

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