Updates
DID NOT FILE INCOME TAX RETURN WITHIN THE DUE DATE !
What is ITR (Income Tax Return) ?
ITR stands for Income Tax Return. As previously mentioned, it is a formal statement filed by the taxpayer which contains the income earned, the deductions claimed and taxes payable, along with important disclosures as necessary. Income Tax Return is mandatory for satisfaction of certain conditions, and is optional for others. ITR can be filed even […]
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GST Silent Feature of the Scheme
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Computation of Capital Gain on Specified Unit linked Insurance Policy
NOTIFICATION New Delhi, the 18th January, 2022 G.S.R. 24(E).—In exercise of the powers conferred by sub-section (1B) of section 45, read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct taxes hereby makes the following rules further to amend the Income-tax Rules,1962, namely:─ 1. Short title and commencement.— […]
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