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Tax Deducted at Source or TDS refers to an advance tax which is deducted from the income or earnings of an individual or an organization before actually crediting the income into the account of an individual or entity, as per the Taxation Code of India. As the name suggests, Tax deducted at source, it is […]
The businessman from the city of Jammu asked for the due date deadline extension for the income tax filing as well as for the goods and services tax return filing. The reason behind the extension given by the Chamber of Traders Federation(CTF) was the suspension of internet services across the state which made the return […]
Deceleration & Descent of various sectors have been a matter of concern for Prime Minister and Finance Minister of the nation and so they have been pressing pedals to revamp the economic scenario which can give wings to soar to all the sectors. The Finance Minister and the officials of Prime Minister have been meeting […]
What is the MCA MGT 7 Form? The MGT 7 is a web form which is allocated to all companies by the Ministry of Corporate Affairs for filing details of their annual return. The Registrar of Companies maintains this e-form via electronic mode and on the basis of the statement of correctness given by the […]
Only 20% of Visakhapatnam Traders have filed central goods and services tax (CGST) returns till the date and 80% of them need to urgently file the returns before the due date of 31st August 2019. The due dates for filing GST returns have been extended many times due to the complexities and cumbersome process involved […]
Central Board of Direct Taxes (CBDT) is marching forward towards “Digital India” and it has framed its mind to utterly knock off the manual processing with the taxpayers. The orders of the same have been given to income tax officials. As per this major policy conclusion, the tax officials will be able to have only […]
The motive of the tax government is to make your ITR filing convenient and less time-consuming. If you have filed your Income Tax return, completing all the formalities, and you are still bothered by the tax officers regarding compliance, you can file a report stating your issue or instead file an online complaint against the […]
An assessee is responsible to file an Income Tax Return (ITR). Different ITRs have to be filed by different kinds of taxpayers before the due dates. ITR-7 is one of those ITR which is filed by the individuals & companies which fall under section 139(4A) or 139 (4B) or 139 (4C) or 139 4(D). There […]
The era has accepted all digital processes to be a big convenience and a time-saver. One such example is income tax records, which can effortlessly be maintained by spending less or no money in the process. However, the taxpayer must mark the time limits for each income tax assessment before storing and filing the previous […]
