Budget 2021 will be announced on 1st February 2021 addressed by FM Nirmala Sitharaman New Income Tax Slabs for individuals under the new tax regime. Applicable to FY 2020-21 (AY 2021-22) Update on Budget 2021: It has been suggested to exclude senior citizens from filing income tax returns if their only source of annual income…
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What is a business tax return? Basically, a business tax return is an income tax return. The return is a declaration of the company’s revenue and expenses. In this return, any tax to be charged on the income earned by you is also declared. The return provides descriptions of the assets and liabilities held by…
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How to unlink Aadhaar from the bank account and SIM cards? How to unlink Aadhaar On Wednesday, the Supreme Court handed down a ruling on Delink Aadhaar, that linking Aadhaar to his bank account or SIM card is no longer mandatory and forcing anyone to do so to be considered unconstitutional. For those who have…
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What is a ‘Legal Audit’ A legal audit is a required legal review of the accuracy of a company’s (or government’s) financial statements and records. The objective of a legal audit. Determining whether an organization provides a fair and accurate representation of its financial position by examining information, such as bank balances, accounting records, and…
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1. Steps to pay tax on income Due Step 1: Select Challan 280 Go to the Inland Revenue Department tax information network revenue and select Challan 280. Click here to go to the government website and pay tax Step 2: Enter personal information For individuals who pay tax: Step 1: Select (0021) the income…
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