In the present competitive market, organizations target expanding income and great financing. Organizations are established dependent on the association’s abilities, similar to assets, hierarchical construction, worker abilities, examination, advancement, or... More
Many taxpayers are of the opinion that the process of filing income tax return (ITR) ends once they verify their tax returns. However, actually, the situation is different. The income... More
If a taxpayer owns many house properties, the Income Tax Act allows the benefit of declaring only two properties as ‘Self-occupied property’ as per his choice. The other properties have... More
The Income Tax Act requires individuals to file income tax returns if their income exceeds the threshold limit. The basic exemption limit for senior citizens above 60 years and below... More
The final process of filing an income tax return is to verify it. According to income tax laws, if the user doesn’t verify the income tax return within 120 days... More
The last date of ITR filing for FY 2020-21 is 30th September 2021, and the salaried individuals may have received Form 16 from their employers. Unless the government further extends... More
What is Form 16? Form 16 is a TDS certificate furnished by the employer to the employee. It contains the details of the TDS deduction by the employer from the... More
Refund is an important term in the GST regime. Generally, when the GST paid is more than the GST liability a situation of claiming a GST refund arises. Under GST... More
Input Tax Credit Under the GST regime, a banking company or a financial institution including a non-banking financial company engaged in supplying services by way of accepting deposits, extending loans... More
The objective of the Scheme The objective of the EPCG Scheme is to facilitate the import of capital goods for producing quality goods and services and enhancing India’s manufacturing competitiveness.... More
A writer by passion. Reading and traveling in my free time enhances my creativity in work. I enjoy exploring my creative side, and so I keep myself engaged in learning new skills.