Following are several important relief measures taken by the Government of India in view of COVID-19 outbreak, especially on statutory and regulatory compliance matters related to several sectors:— A. INCOME TAX [1] Income Tax Extend last date for income tax returns for (FY 18-19) from 31st March, 2020 to 30th June, 2020. [2] Aadhaar-PAN linking […]
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Going global is impressive, yet is much more complex than meets the eye. To successfully convert a domestic business to an international one, a host of factors needs to be considered. Further, on one side the advent of internet has been a key business enabler and a leveler for SMEs, on the other side it […]
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Notification No. 2/2015 EVC to verify Income-tax return As per the above-referred notification, Electronic Verification Code (EVC) is a 10-digit alpha numeric code generated for the purpose of electronic verification of the person furnishing the return of income. The same is not applicable to assesse’s where a digital signature is mandatory i.e. a company assessee, […]
Continue readingSr. Sec Main Heading Amendment Action Points ‘ ‘ ‘ ‘ ‘ ‘ 1 192 Tax deduction from Salary Employer shall obtain from employee, the proofs of claims (incl. set-off of house property loss) made by him in the prescribed form and manner from 01/06/2015. Prescribed Form has not yet been notified. […]
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17/07/2014 – Article on Union Budget 2014-15 Acche Din Aayenge !? The maiden budget from the NaMo led government placed before the parliament on 10 July 2014 was most sought after by the people of India to DISCOVER the CHANGE and EMBARK on RAYS OF ACHHE DIN. Hopes and expectations were attached f rom the […]
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26/02/2014 – Article on Select Issues in Capital Gain Select Issues in Capital Gains As is generally understood, revenue receipts constitute income whereas a capital receipt is not an income. But, under the provisions of the Indian tax law, a capital receipt can be charged to tax, if the following three conditions are satisfied: […]
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