On February 1, 2020, Finance Minister Nirmala Sitharaman presented the Annual Budget 2020. The new tax regime was first implemented in the preceding budget. In this article, you will learn…
Section 154 of the Income Tax Act, 1961, Section 154 provides a possibility for the assessing officer to rectify any mistakes or errors in the income tax records that were…
Defective ITR U/S 139(9) A defective return u/s 139(9) reveals that a taxpayer has made any mistakes or found any incomplete or inconsistent information in ITR (Income Tax Return). If…
This is common in human to make mistakes likewise we may have made mistakes while filing an Income tax return. It is quite common question, how to revise the income…
In this article, we have discussed about mandatory Filings of Limited Liability of Partnership. In India, for all purposes of taxation, An LLP is treated like any other partnership firm.…
As per the Income Tax Act of 1961, income tax must be deducted at source as per provision of the Income Tax Act, 1961.TDS stands for Tax Deducted at Source.…
GST on Rental income : - In this article we will discuss about GST on rental income from commercial property. Any person/ individuals receiving income from the residential property like shop/factory…
In this article we will discuss about benefits of filing itr and Who is required to do compulsory filing of ITR? In following cases filing of ITR is mandatory.Thus in following case…