Personal loan is an unsecured loan, the Income Tax Department does not give any on it, but we are going to tell you that if you have taken a personal loan for someone, then you can claim tax exemption on it. Most of us know that Income Tax Deduction is not available on personal loan….
As per the Income-tax Act, 1961, there is a requirement to furnish Form 15CA/15CB electronically. Presently, taxpayers upload the Form 15CA, along with the Chartered Accountant Certificate in Form 15CB, wherever applicable, on the e-filing portal, before submitting the copy to the authorised dealer for any foreign remittance. In view of the difficulties reported by…
If you are facing any problem in filing Income Tax Return, then there is no need to find a Chartered Accountant for this, the Income Tax Department has made your problem easy. Taxpayers will get the help of CA, ERI The Income Tax Department had launched a new e-filing portal on 7 June. Taxpayers will…
Income Tax Return Deadline: In view of the second wave of Corona epidemic, the government has announced some reliefs for the taxpayers. The government has extended the deadline for income tax related works. As taxpayers will now have more time to file TDS, the government has extended tax relief to first-time home buyers as well….
The provisional payroll data of EPFO published on 20th June, 2021 highlights that EPFO has added around 12.76 lakh net subscribers during April, 2021. Despite the second wave of COVID-19 pandemic, April 2021 registered an increase of 13.73% net subscribers addition as compared to the previous month during which around 11.22 lakh net subscribers were…
Ministry of Micro, Small and Medium Enterprises has issued an amendment to the original notification No. S.O. 2119 (E) dated 26.06.2020 vide 2347(E) dated 16.06.2021, extending the validity of EM Part-II and UAMs from 31.03.2021 to 31.12.2021. This would facilitate the holders of EM Part-II and UAMs to avail benefits of the provisions under various…
GeM has facilitated 67.27 lakh orders worth 111,113 Crores from 18.85 lakh registered sellers and service providers for 52,275 Govt buyers.
It is mandatory to link PAN card with Aadhar by June 30 (PAN-Aadhar Link). If you have not linked PAN with Aadhaar till now, then do it before June 30, otherwise you will have to pay a fine of Rs 1000.
If you have not yet filed Income Tax Return, then fill it this month, because from July 1, you may have to pay a big price, let us tell you that the IT Department has made the rules very strict for th,ose who do not file ITR. If you have not yet filed Income Tax…
The Income Tax Department has launched its new portal e-filing 2.0 on Monday. Which is more user friendly than before, taxpayers themselves can easily file their tax returns, check refund status as well as make tax payments. Taxpayers update their personal details The Income Tax Department has asked the taxpayers to re-register their DSC immediately…
The new website of Income Tax e-filing will start from today, more facilities have been given in this new website than before. It was closed for 6 days before launching the new website. Till now taxpayers were doing many other things including filling their tax returns on the old portal of Income Tax (incometaxindiaefiling.gov.in). The…
The Employees’ Provident Fund Organization (EPFO) has made a new announcement to provide relief to its subscribers during the second wave of the Covid-19 pandemic. Now you can avail the non-refundable (non-refundable) Covid-19 advance for the second time from your PF account. The provision of special clearance was made for the first time in March,…
The government extended the deadline for linking of Aadhaar PAN. In the tweets of Income Tax Department informed that the last date has been extended from march 31 to June 30, 2021. The decision has been taken after many people reported technical issue of Income Tax website while linking the Aadhaar and Pan card Number….
Income Tax News Update: Relief for taxpayers is reported, the Central Board of Direct Taxes (CBDT) has increased the deadline for filing Tax Deducted at Source (TDS) to 30 June. Earlier, its last date was May 31, 2021. Earlier, in view of the second wave of Corona epidemic, the Income Tax Department had extended the…
The provisional payroll data of EPFO has been published on 20th May, 2021 highlights that EPFO has added around 11.22 lakh net subscribers in the month of March, 2021. Despite Covid-19 pandemic, cumulative net payroll addition for FY 2021 is almost at par with last year, with 77.08 lakh net additions to subscribers base. Quarterly…
Retirement fund body Employees’ Provident Fund Organisation’s (EPFO) has hiked the death insurance benefits for employees’ deposit-linked insurance (EDLI) scheme beneficiaries, amidst the onslaught of the second wave of the COVID-19 Pandemic. The retirement fund body has hiked the minimum death insurance benefit to Rs 2.5 lakh while the maximum benefits have been raised to…
There is a big relief news for those filing Income Tax Return. The government has extended the tax compliance and Income Tax Return deadline to May 31 for the financial year 2020, in view of the rising outbreak of the Corona epidemic. Taxpayers can also file Revised Return for FY 2020. Income Tax Return, Tax…
PF Balance Transfer: It is often seen that when people change jobs from one company to another, they forget to transfer their PF balance, when later they remember, then they get nervous thinking that they are now in the EPF office Will have to travel. We are going to tell you that if you have…
Central Board of Indirect Taxes and Customs (CBIC) has set up dedicated helpdesk to handle queries related to Covid related Imports and handhold the trade, industry and individuals for expeditious customs clearance. As you are aware, the Government of India is committed to ensure seamless and quick customs clearance of COVID related imports, so that…
New ITR Form: Income Tax Department has notified the IT return form for the financial year 2020-21. The Central Board of Taxes (CBDT) has given this information. The CBDT has said that keeping in mind the convenience of Corona epidemic and Taxpayers (Taxpayers), there has not been much change in the new ITR form as…
The Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved a fresh Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) & Australia and New Zealand (CA ANZ). Impact: The MRA intends to develop mutually beneficial relationship in the best interest of members, students and their organizations and is expected…
The provisional payroll data of EPFO has been published on 20th April, 2021 highlights a growing trend with the addition of 12.37 lakh net subscribers during the month of February, 2021. Despite COVID-19 pandemic, EPFO has added around 69.58 lakh net subscribers during the current financial year. The data reflects growth of 3.52% in net subscribers addition in…
People still have confidence in PPF Investment: Public Provident Fund , this is an investment on which you get good interest, as well as good savings on tax. If you invest even 1000 rupees a month in Public Provident Fund, then it reaches lakhs of rupees. We are going to tell you how you can…
Let us now explain how interest is calculated. Interest on PPF is calculated on the amount in the account from the 1st to the 5th of every month. That is, if you put money in PPF account till 5th of any month, then that money will get interest in the same month, but if you…