Form to be used by a taxpayer to file the Income-tax return for the assessment year 2022-23
Government wants that people use banking system and in the same direction some new provisions added in the Finance Act, 2017 to prevent black money. We will discuss all the provisions related to cash transactions, exceptions of the same and consequences of them as well.
In this article, we will discuss the incomes that are part of taxable income but many taxpayers don’t include these incomes in their income tax returns.
Discussing all the Compliance Requirements that lie in the month of July 2021 under the Income Tax, GST, Provident Fund, ESI and IEC Laws.
In order to provide further relief to taxpayers in view of the COVID-19 pandemic, CBDT vide circular No. 09/2021 has further extended the time limits of certain compliances.
Discussing compliance requirements under Income Tax, GST, ESI, and Provident Fund for the month of April 2021.
Many GST compliance deadlines ended to 31st August, 2020. To avoid late fees and penalties, these due dates need to be remembered and file the returns. Let's see which deadline ends on 31st of August, 2020.
If the turnover exceeds the threshold limit mentioned in the GST Act, then the person is mandatory to take GST registration. In some cases, people are mandatory to take GST registration like in case of the interstate supply of goods, reverse charge, selling on e-commerce portal, etc.
As per section 139(4) of Income Tax Act, a belated return can be filed before the expiry of one year from the end of relevant assessment year or before the completion of assessment whichever is earlier.
Save the dates, know the compliances to be met by this month, August 2020.
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