Month: September 2022

CBDT w.e.f from 01/08/2022 has reduced the time limit for ITR Verification from 120 days to 30 days. With this change its clear that GOI is discouraging the practice of sending ITR…

Last Date for Filing Income Tax Return was 31st July of every year but this time the GOI has not extended the due date and despite record number of filing still…

Many People who could not file ITR properly or some unintentional mistake happens during filing of ITR will now get a chance to File ITR - U. CBDT recently notified forms…

Every Individual other than company or a firm, if his total income or the total income of any other person in respect of which he is assessable under this Act…

Let first understand what Stamp Duty is – Every Person has to pay Stamp Duty and Registration charges while registering Property to the State Government as the constitution has given…

Applicability & Non Applicability E Invoice is applicable to all B2B Invoices, after generating E Invoice a unique Invoice Reference Number (IRN) will get generated. Currently E invoice is applicable…

Income Tax Refund status is to check whether one has received Income Tax Refund or not. However, one must ensure whether IT return is processed by the officer or not, Refund…

For filing ITR via the e-filing portal, you’ll need to visit “ eportal.incometax.gov.in ” and need to enter username and then password. In the next step, you will need to select the ‘e-file’ option,…

The budget 2022 is highly focused on the sectors like digitaltechnology, Infrastructures, health and education. There is no any changes made in the slab of income tax and rates of GST which…

Company means a legal entity established or formed by the group of individuals for the purpose of running business in a systematic and organized way. Ministry of corporate affairs has…