In this article, I have tried to explain the eligibility, manner of filing and about obligation to file ITR-5 for AY 2020-21/FY 2019-20 which is generally applicable to persons other than- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7. ITR-5 with other ITRs alongwith manner of furnishing Return of Income for […]
In this article, I have tried to explain the eligibility, manner of filing and about obligation to file ITR-4 for AY 2020-21/FY 2019-20 which is generally applicable to Individuals, HUFs and Firms (other than LLP) being a resident having total income upto Rs.50 lakh and having income from business and profession which is computed under […]
In this article, I have tried to explain the eligibility, manner of filing and about obligation to file ITR-3 for AY 2020-21/FY 2019-20 which is generally applicable to For individuals and HUFs having income from profits and gains of business or profession. ITR-3 with other ITRs alongwith manner of furnishing Return of Income for Assessment […]
In this article, I have tried to explain the eligibility, manner of filing and about obligation to file ITR-2 for AY 2020-21/FY 2019-20 which is generally applicable to Individuals and HUFs not having income from profits and gains of business or profession. ITR-2 with other ITRs alongwith manner of furnishing Return of Income for Assessment […]
In this article, I have tried to explain the applicability, eligibility, manner of filing and about obligation to file ITR-1 (Sahaj) for AY 2020-21/FY 2019-20. Earlier Central Board of Direct Taxes (CBDT) has notified the Income Tax Return (ITR) forms and manner of furnishing Return of Income for Assessment Year (AY) 2020-21 / Financial year […]
Introduction: 1. Arbitration has become exceptionally strong and widely accepted as a means of resolving disputes. ‘ 2. Exactly how widely accepted is probably impossible to know, but some commentators have suggested that a figure as high as 90% of all international contracts are governed by an arbitration clause. 3. Rapid globalization has meant a […]
The directors of the company are its agents and they stand in fiduciary relationship with the company and must act bona fide, therefore Companies Act 2013 laid down extensive provisions such as Section 184 to prevent the misuse of rights and powers by the directors.
ELECTRONIC WAY BILL i.e. E-WAY BILL In order to monitor the movements of goods for controlling any tax evasion, e-way bill system has been introduce in GST regime. Under this system wherein any registered person prior to movements of goods via conveyance would inform each transactions details to the tax department. WHAT IS E-WAY BILL? […]
अर्जुन: भगवन, सादर प्रणाम! पेनल्टी शब्द से क्या अभिप्राय हैं? कृष्ण: वत्स! एक अस्थायी सजा या धन का योग कानून के अनुसार, सजा के रूप में लगाया जाना। अर्जुन: भगवन ! क्या GST अधिनियम में कोई पेनल्टी का प्रावधान हैं? कृष्ण: अर्जुन! प्रत्येक अधिनियम में पेनल्टी का प्रावधान अवश्य होता हैं। बिना पेनल्टी के प्रवाधान […]
Tax-Free Bonds in India are issued by Government to collect money for long term projects like Construction projects, Railway projects or any other project which government may think of. Government takes the money & gives interest to investors annually. Government allows Retail Investors to invest in Tax- Free Bonds. These bonds give fixed rate of interest […]
