Income Tax Updates

566 ViewsExtension of various time limits under Direct Tax &Benami laws Ministry of Finance In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliance requirements across sectors due to the outbreak of Novel Corona Virus (COVID-19), the Government brought the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 …

Extension of various time limits under Direct Tax &Benami laws Read More »

325 ViewsMinistry of Finance FM launches facility of Instant PAN through Aadhaar based e-KYC In line with the announcement made in the Union Budget, Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman formally launched the facility for instant allotment of PAN (on near to real time basis) here today. This facility is now …

FM launches facility of Instant PAN through Aadhaar based e-KYC Read More »

284 ViewsFinance Minister announce measures for relief and credit support related to businesses, especially MSMEs to support Indian Economy’s fight against COVID-19 Ministry of Finance Rs 3 lakh crore Emergency Working Capital Facility for Businesses, including MSMEs Rs 20,000 crore Subordinate Debt for Stressed MSMEs Rs 50,000 crore equity infusion through MSME Fund of Funds …

Finance Minister announce measures for relief and credit support related to businesses, especially MSMEs to support Indian Economy’s fight against COVID-19 Read More »

378 Views•No Entry On National Holiday. •Confirmation of Secured Loans. •Confirmation of Unsecured Loans. •Confirmation of S.Creditors (Specialy Those With Debit Balance.) •Confirmation of S.Debtors (Specialy Those With Credit Balance) •Bonus Sheet To Be Tallied With Bonus Paid In Cash And By Cheque. •Check Cash For Negative Balance. •Electricity Charges For 12 Months Entered Or …

Finalisation of Balance sheet | 30 Points Read More »

253 ViewsMinistry of Finance All GST & CUSTOM refunds also to be released ; to provide benefit to around 1 lakh business entities including MSMEs Rs 18,000 crore of total refund granted immediately In the context of the COVID-19 situation and with a view to provide immediate relief to the business entities and individuals, it …

IT Department to release all pending income tax refunds up to Rs 5 lakhs immediately ; Around 14 lakh taxpayers to benefit Read More »

201 Views If you think your e-Filing account may have been compromised or accessed in an unauthorized manner, then you may be a victim of cybercrime. Please report the incident to the concerned police or cyber-cell authorities as a first step. You may file an online criminal complaint/FIR by visiting https://cybercrime.gov.in/, an initiative of Government of India …

Report Income Tax e filing Account Misuse Read More »

226 ViewsMinistry of Finance There is a fake new circulating in some section of media that the Financial Year has been extended. A notification issued by the Government of India on 30th March 2020 with respect to some other amendments done in the Indian Stamp Act is being misquoted. There is no extension of the Financial Year. The …

No Extension of the Financial Year 2020-2021 Read More »