What are the benefits of registration under Section 12A?

What are the benefits of registration under Sectio...

Income Tax is a complex subject and it inspires fear in laymen. One big reason for this fear is the rate of tax at which individuals and firms pay taxes on their income. Since there are different slabs for different ranges of income, it is difficult to calculate a person’s tax liability. Some people seek...

Faceless income tax assessment and how does it work?

What is a faceless income tax assessment and how d...

Faceless Income Tax Assessment as the name itself suggests is done without any physical meeting. Faceless Income Tax Assessment is mostly done through correspondence with income tax department officials based on your assessment order and return of income filed by you.  Faceless Income Tax Assessment Order cannot be cancelled. Faceless Income Tax Assessment Order remains...

New ITR Filing Deadline

New ITR filing deadlines – FY 2020-2021

For the financial year of 2020-2021, ending in March 2021, the income tax law allows individual taxpayers to file for ITR-1 or 4 returns by 31st July 2021. The deadline for businesses and firms for filing their tax audit is usually on the 31st October. Due to the COVID-19 pandemic, the income tax department has...

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