The first tranche of the Rs 20 lakh crore economic package
Relaxation in statutory and compliance matters announced by the FM
Relief provided by Regulatory Authorities relevant till 30 June due to COVID 19
Coronavirus is impacting the Indian economy up to a great extent and it is affecting the Indian industries too. In the imports, India's dependence on China is enormous. Of the top 20 goods (at the two-digit HS Code) that India imports from the world, China accounts for a large share of the total.
The due date to file Income Tax Return for FY 18-19 has been extended to the 30th June 2020 and the due date to file GSTR-3B due in the month of March, April, and May has also been extended to the 30th June 2020. The due date for filing GST Annual Return for the FY 18-19 has also been extended to the 30th June 2020
2020 Guide To Cryptocurrency Taxes
As soon as the budget is presented, We see a deluge of analyses and memes coming our way. However, readers of this blog know that we choose to wait for clarifications and finer details so that readers get the right perspective for themselves.
Over the past few months GST and Income Tax departments have been sending notices to the taxpayers to increase the collection of Revenue
As per Income tax act, 1961 there are 5 heads of income under which an assessee may have to pay the taxes and these assessee includes the residents and Non-residents.
When an NRI sells its property Situated in India then his major concern is taxation. It is seen that when a person starts living outside India then subject to the provisions of the Income-tax act, 1961, he becomes the resident of such a foreign country and liable to pay his taxes in such a country.