As per Section 139(1) of the Income Tax Act, 1961, it is compulsory for companies and firms to file a return of income for every previous year on or before the due date in the prescribed form.
Passive income is money earned with little or no regular effort. Commercial property fractional ownership is a new source of passive income. However, if anything permits you to generate income, it is subject to taxation. The IT laws for commercial property fractional ownership differ from that for residential property.
The Due Date for Filing Belated Income Tax Returns or revising ITR for Financial Year 22-2023 was 31st December 2023.
Author : Arindam Ghosh/DNA Investors should not fall into the trap of timing the market, i.e., invest when they think the markets are at their lows or sell when they think the markets have 'peaked'. The oft-repeated advice is a generic adaptation of
Revenue tries to pierce the corporate veil In the recent past, controversy in relation to taxability of offshore sale or transfer of security in a foreigncompany (offshore special purpose vehicle (SPV)) has been consuming the energy of taxpayers and
Introduction:-It is the most expensive amendment ever� Yes, now by virtue of amendments made by Budget, 2016; excise duty is being levied on articles of jewellery [excluding silver jewellery, other than studded with diamonds/other precious sto
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The world economic recovery has finally started taking new baby steps. This has lead to increase of demand of commodities. Infrastructure will be the prime reason for the recovery journey. This is the only sector which will lead the path of globa
You've opened Twitter or any of the pink papers or TV channels and stuff like 'Bond yields cross 7%' and RBI's action dominate the headlines.
What is GSTR 9 annual return?GSTR 9 form is an annual return which is required to be filed once in a year by every registered taxpayers under GST. It consists o..
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