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Free Articles , Latest Tax News & Updates

Deduction in case of new industrial undertakings employing displaced persons, etc.

Income Tax Act
Section - 80H, Income-tax Act, 1961-2020 C.—Deductions in respect of certain incomes 80H. [Omitted by the Taxation Laws (Amendment) Act, 1975,...
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Deduction in respect of contributions given by any person to political parties

Income Tax Act
Section - 80GGC, Income-tax Act, 1961-2020 80GGC. In computing the total income of an assessee, being any person, except local authority...
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Free GSTR-2B Reconciliation tool

GST Return
Free GSTR-2B Reconciliation tool   Download - Excel Utility for GSTR 2A Reconciliation V6 .xlsb
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Fund raising for Public Issues and Rights Issues registered an increase of 115% and 15% respectively in FY 2020-21

Ministry of Finance
Ministry of Finance Despite the uncertainty prevailing in FY 2020-21 owing to CoVID-19 pandemic, fund raising in FY 2020-21 was...
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Provisional Net Indirect Tax collections (GST & Non-GST) for the Financial Year 2020-21 show growth of more than 12% compared to actual Revenue Receipts in FY 2019-20.

Ministry of Finance
Ministry of Finance The provisional figures for indirect tax collections (GST & non-GST) for the Financial Year 2020-21 show that...
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Updates in Forms GSTR-1, GSTR-3B and Matching Offline Tool for taxpayers in QRMP Scheme

GST updates
With effect from 1st January, 2021, all taxpayers with Annual Aggregate Turnover up to Rs 5 Crore have been given...
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