ITR-1 & ITR 4 forms for A.Y. 2020-21 released for e-filing by Income Tax Department. Who are eligible to file ITR-4? An Individual, HUF or Firm (other than LLP) who is ordinarily resident in India Income from salary/pension (for ordinarily resident person). Income from one…
Project Office (PO) means a location of business to constitute the interests of a foreign company, executing a project in India but excludes a Liaison Office. A project office in India is prohibited from undertaking or carrying on any activity other than the activity in…
Dear Professional Colleague As we all know that we are required to learn constantly throughout our life so as to maintain our knowledge base, you must be hearing about the CPE hours required to do by member of Institute of Chartered Accountants of India so…
MINISTRY NOTIFIED NEW NORMS OF CLASSIFICATION OF MSME Key Highlights: Ministry of MSME gears up to implement the New Norms of classification of MSMEs the upper ceiling for classification of MSMEs now has been raised New definition and criterion notified; & will come into effect…
INCREASE IN VALIDITY OF MEIS/SEIS SCRIPS AND RELAXATION IN DUE DATES TO FILE APPLICATIONS Vide Public Notice no. 08/ 20152020 dated June 01, 2020, Ministry of Commerce & Industry has increased the duration of validity of scrips issued under MEIS and SEIS. Further,…
MSME NEW DEFINITION APPLICABLE W.E.F 01ST JULY, 2020 NOTIFIED BY MSMED MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES (MSMED) vide Gazette Id no. CG-DL-E-01062020-219680 and S.O. 1702(E) dated 01st June, 2020 has officially notified criteria for classification of micro, small and medium enterprises, —In exercise of…
Central Board of Direct Taxes has issued Notification No. 31/2020 dated 29th May, 2020 which may be called as Income tax (12th Amendment) Rules, 2020. Certain changes have been made in Rule 12 of the Income Tax Rule, 1962 Forms substituted ―Sahaj (ITR-1), Form ITR-2,…
Snapshot of Slogan for Filing at Homepage of E-Filing Website - New Year Filled with New Blessings Snapshot of News and Updates for Filing at Homepage of E-Filing Website Snapshot at Income Tax Return Tab - Availability of ITR Also Read Similar post on…