Belated Return for AY 2020-21: How to File Belated Return and Penalty on Late Filing

The deadline for filing the income tax return (ITR) for the financial year 2020-21 was December 31st and the CBDT issued Rs 1,50,407 crores in refunds for those eligible. Did you miss your filing tax returns? Fret not!  You still have the opportunity to file your income tax return. Yes, you can take advantage of… Continue reading Belated Return for AY 2020-21: How to File Belated Return and Penalty on Late Filing

Major changes in Income Tax rules for the FY 2021-22

Major changes in Income Tax rules for the FY 2021-22 The government generally makes changes to the tax rules during the budget presented in February. These changes come into effect from the following financial year which starts from April. Take note of the changes and plan your taxes better. Choosing your tax regime Last year’s… Continue reading Major changes in Income Tax rules for the FY 2021-22

UIDAI Official Website Guide

What is UIDAI? What is its full form? UIDAI refers to Unique Identification Authority of India. It is established under the provisions of Aadhaar Act 2016 [ i.e. Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016]. UIDAI is a statutory body established by the Government of India vide its notification… Continue reading UIDAI Official Website Guide

5 Fun Facts about Aadhar

Aadhar being the key document now a day has so much embedded in it to be still discovered. We all have got our UID cards issued and use it as a basic document of identity in all sectors. Whether it is about opening a new bank account, making some financial transaction, getting your passport done,… Continue reading 5 Fun Facts about Aadhar

Post-retirement Sachin Tendulkar blasted Tax Liability!

Wins the Capital Gain Case

If you are also amongst those who invest a considerable amount in shares then you need to know this!! If the frequency of transactions is high, then that has always been a debatable issue in income tax that whether income is to be treated as capital gain or business income. Recently, the Same issue happened… Continue reading Post-retirement Sachin Tendulkar blasted Tax Liability!

Walmart-Flipkart Deal | Trouble for Bansal Buddies

Income Tax Notice for walmart and Flipkart Deal

It won’t be wrong to say that the founders of a Startup are the most stressed person in their company. They leave all their comforts and do hard work day and night just for one cause – one day their company will reach a great height. They have to take care of everything. From generating… Continue reading Walmart-Flipkart Deal | Trouble for Bansal Buddies

Want to Avoid Invalid ITR ? Read this

Invalid ITR

Filed your return before the due date but forgot to verify before the expiry of time limit? Then in such case, your ITR has become an invalid ITR and now you would have to file the ITR again. Surprised? Yes, you heard it right. Now, you need to file your ITR as a belated return. Don’t know… Continue reading Want to Avoid Invalid ITR ? Read this

5 Changes in PAN Card Rules Which You Should Know

PAN Amendment

PAN Card or commonly known as Permanent Account Number is a very important document for undertaking financial transactions. For e.g., if you want to trade in share market then to open a Demat Account, quoting PAN is mandatory. Hence any change or amendment in PAN rules is sure to watch out for. Recently, CBDT introduced… Continue reading 5 Changes in PAN Card Rules Which You Should Know