Govt. Schemes

‍ITR 2 - Capital Gain Tax on Sale of Land & Building

ITR 2 is an income tax return form used by individuals and HUFs to report their income and claim deductions for capital gains from the sale of land...

EPFO: Ensuring Timely Validation of Joint Options

In a recent important circular, the Employees' Provident Fund Organisation (EPFO) emphasized the importance of keeping to deadlines when reviewing...
Jun 8, 2023

Audit trail feature in accounting software from 1st April 2023

MCA has mandated that every business use an audit trail function in its accounting software in order to increase the openness of books of accounts &..

Leading Payment Gateways Introduce Credit Card Option on UPI

NPCI in collaboration with payment aggregators, has enabled credit card transactions on the UPI platform, a development that...
Apr 1, 2023

Exemption from Reverse Charge to persons under GST Composition Scheme

Under the Goods and Services Tax (GST), businesses that have an annual turnover of up to Rs. 1.5 crore can opt for the GST Composition scheme...

VAHAN and SARATHI- objectives, services and benefits

The VAHAN and SARATHI applications provide a wide range of services relating to vehicle registration, permit, taxation, fitness, motor driving school...
Jan 30, 2023

How Can You File Your ITR Online?

Filing an ITR is an important responsibility for taxpayers, as it helps them comply with the tax laws and avoid penalties or fines. Read on to find out more.
Jan 27, 2023

Loan Agreement: Purpose & Interest Rates

Borrowing agreements are legally binding contracts entered into by two or more parties to formalize the loan procedure. Read more about it...
Dec 30, 2022

Basics of Income Tax for Beginners

As a result, we have outlined the fundamentals of income tax in this section to assist those taxpayers who are planning to file their taxes for the first time.

Income Tax Return (ITR): How to File, Types & Documents Required

ITR is a form that a person is supposed to submit to the Income Tax Department of India. It can be filed when the income exceeds the basic exemption limit.
Dec 26, 2022