Record 7.85 Crore ITRs Filed upto 31st October, 2023 as per IT Dept

The Ministry of Finance, in collaboration with the Income Tax Department, has witnessed an unprecedented surge in Income Tax Returns (ITRs) filing by taxpayers. A remarkable 7.85 crore ITRs were filed for all assessment years by the deadline of 31st October 2023. This article delves into the detailed analysis of …

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Mandatory Demat of Shares of Private Limited Company

With a view to ensure greater transparency in the securities market and to keep a check on the practice of black money, the Ministry of Corporate Affairs has made it mandatory for all big private companies to issue their securities in dematerialised form. Dematerialisation is the process by which the …

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How to check the enrollment status of Aadhaar card using number?

One can check the status of aadhaar online by visiting the online portal of the UIDAI’s official website. One need not have to pay any fees for checking out the aadhaar card status on UIDAI’s official website. Follow the below mentioned steps as given below: Step 1: Visit the official …

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Increased Financial Charges to Pay After 1st October, 2023

A new tax collected at source (TCS) structure for foreign remittances under the Liberalised Remittance Scheme (LRS) will be effective from October 1 The Reserve Bank of India (RBI) kept the policy repo rate hike unchanged in April and June 2023. However, going forward, you need to keep an eye …

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Income tax has changed this rule, now the salary of lakhs of employees will increase!

According to the notification, changes have been made in the provisions of the facilities provided by the employers to the employees to stay without rent. Overall, there will be less reduction in the total salary of the employees. Salary of such employees will increase. The Income Tax Department has given …

Income tax has changed this rule, now the salary of lakhs of employees will increase! Read More

Latest Update About ITR Filling for Current Financial Year (AY 2023-2024)

The Indian government has notified ITR forms, ITR 1 to ITR 6 for the F.Y. 2022-2023 (A.Y. 2023-2024) on 10th Feb 2023 and ITR 7 on 14 Feb 2023. There are no major changes in the Forms, but they have been notified approximately 2 months earlier than usual. Netizens are applauding …

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Budget 2023 expectations : Demand to bring petrol, power tariff under GST, LTCG Changes.

India Budget 2023 The energy industry wants petroleum products under GST in Budget 2023, which Finance Minister Nirmala Sitharaman will present in Parliament on February 1, to bring down costs. They also expect that the Centre consider bringing electricity tariffs and real estate under GST at some stage over the …

Budget 2023 expectations : Demand to bring petrol, power tariff under GST, LTCG Changes. Read More