Faceless e-assessments: All you need to know

  The Income tax department has launched a Faceless e-assessment scheme with a mission that it can bring in a  “Paradigm shift” in taxation. This would be done by turning the income tax assessment system completely free of human interference. Ajay Bhushan Pandey, the revenue secretary of India said that the e-assessment scheme will provide… Continue reading Faceless e-assessments: All you need to know

MCA extends due date of filing Financial Statements

Ministry of Corporate Affairs vide its Circular no 13/2019 Dt. 29/10/2019 extends the due date for filing of financial statements. The e forms namely, AOC-4, AOC (CFS) AOC-4 XBRL for financial year 2018-19 can now be filed till 30.11.2019 and e-form MGT-7 till 31.12.2019. No additional fees shall be levied on companies while submitting the forms… Continue reading MCA extends due date of filing Financial Statements

World Students’ Day 2019: Know Tax Benefits for Students

October 15, 2019; on the birth anniversary of APJ Abdul Kalam, let’s remember this great personality who inspired each one of us to think beyond our imaginations. On this fortunate day when the world, especially India was gifted with this great mind; the United Nations decided to observe his birthday as The World Student’s Day.… Continue reading World Students’ Day 2019: Know Tax Benefits for Students

e-fliling-lite

A lighter version for e-filing your income tax return named as” e-filing lite” is launched by the Income Tax Department. This can be accessed through clicking on E-filing lite on  home page. This page will only cover filing of return and for all the services, click on “Portal login” on the home page . FAQs… Continue reading e-fliling-lite

Bruhat Bengaluru Mahanagara Palike (BBMP) Property Taxes

Bruhat Bengaluru Mahanagara Palike (BBMP) Property Tax Bengaluru for many years has been a center of attraction for the tech giants and their establishments. Even the new tech graduates want to be a part of India’s own Silicon Valley. After establishing at the new city, many concerns arise for a person including some legal compliances… Continue reading Bruhat Bengaluru Mahanagara Palike (BBMP) Property Taxes