To Upload ITR , please follow the below steps: Download the ITR preparation software for the relevant assessment year to your PC / Laptop from the "Downloads" page. Prepare the Return using the downloaded Software. Learn how to Upload INCOME TAX RETURN in E-FILLING portal Gather all the information regarding your income, tax payments, deductions etc. Pre-populate the personal details and tax payments/TDS by clicking on the 'Pre-fill' button. Compare with the information you have to ensure that nothing is left out. Enter all data and click on 'Calculate' to compute the tax and interest liability and final figure of Refund or Tax payable If Tax is payable- remember to pay immediately and enter the details in appropriate schedule. Repeat above step so that tax payable becomes zero Generate and save the Income Tax Return data in XML format in the desired ...

As per the Finance Ministry and Central Board of Direct Tax (CBDT) 31st August the last Extended due date for Individual and HUF (Hindu Unified Famaly) . "The Central Board of Direct Taxes (CBDT) extends the 'due date' for filing of Income Tax Returns from July 31, 2019 to August 31, 2019 in respect of the said categories of taxpayers," the finance ministry said in a statement.   Taxpayers (Individual and HUF) should have pay maximum of Rs.5000 fine for late filing of INCOME TAX RETURN if the missed to submit their TAX RETURN within the due date of 31st August 2019 but before 31st December 2019 and from 1st January 2020 to 31st March 202 the fine will be doubled. so the citizen of India who have taxable Income more then Rs.2,50,000 in financial 2018-2019 must be aware file there Income tax Return before 31st August 2019. Otherwise must be ready to give the panalty of maximum Rs. 5000 for late filling of ITR.  Gather all the information regardi...

A Complete Guide on Annual Return( By SN Panigrahi ) All companies (private limited company, one person company, limited company, section 8 company, etc) are required to file an annual return with the MCA every year. In addition to filing MCA annual return, companies would also be required to file income tax return. we present a complete guide on Annual return. The concept of Annual returns has been effectuated under GST. Although the concept of Annual return was in vogue by virtue of VAT Statutes in certain states, the same wasn’t there in the Service Tax Statute as well as the Excise Law. In this article let us discuss Annual Return GSTR 9 to be filed by 31 st December by every normal registered person.

Sub: Steps to be taken by taxpayers to file Form GSTR-9C   - Reg. Dear Taxpayers, You are aware that Form GSTR-9C, for the period 2017-18 is to be filed by 31st August, 2019, by all the taxpayers whose annual turnover was more than Rupees 2 Crore (except exempted taxpayers)  during July 2017 and March 2018 . To ensure that the process of filing is hassle-free, you are requested to observe following precautions, before and during filing Form GSTR-9C, on GST Portal:

Risk is a phenomenon that cannot be defined in the same way for everyone. For eg: some may consider investing in equity mutual funds for the long term; and others may consider both stocks and mutual funds high risk investment options and would prefer investing in the low yielding but safe fixed deposits. Given below are some low-risk options (low volatility) available:  **** Arranged on the basis of relative risk

TAX STRUCTURE IN INDIA In todays India three tier federal structure. The central government, state governments, and local municipal bodies make up this structure. Article 256 of the constitution states that “No tax shall be levied or collected except by the authority of law”. Hence, each and every tax that is collected needs to backed by an accompanying law. Taxes in India are levied by the Central Government and the State Governments.  Some minor taxes are also levied by the local authorities such as the Municipality and the Local Governments.  While direct taxes are levied on taxable income earned by individuals and corporate entities, the burden to deposit taxes is on the assessees themselves. On the other hand, indirect taxes are levied on the sale and provision of goods and services respectively and the burden to collect and deposit taxes is on the sellers instead of the assessees directly.

Once upon a time a psychology professor walked around on a stage while teaching stress management principles to an auditorium filled with students.  As she raised a glass of water, everyone expected they’d be asked the typical “glass half empty or glass half full” question.  Instead, with a smile on her face, the professor asked, “How heavy is this glass of water I’m holding?” Students shouted out answers ranging from eight ounces to a couple pounds. She replied, “From my perspective, the absolute weight of this glass doesn’t matter.  It all depends on how long I hold it.  If I hold it for a minute or two, it’s fairly light.  If I hold it for an hour straight, its weight might make my arm ache a little.  If I hold it for a day straight, my arm will likely cramp up and feel completely numb and paralyzed, forcing me to drop the glass to the floor.  In each case, the weight of the glass doesn’t change, but the longer I hold it, the heavier it ...

Section 80TTA is the deduction on saving bank or post office interest up to Rs. 10,000/- applied for INDIVIDUAL or HUF and non-senior citizen. The Maximum limit should be claimed under this section is Rs. 10,000/- Some features of   Deduction Under Section 80TTA is- ·   The tax exemption from interest income in the savings account is limited up to ₹10,000 per annum ·   This deduction is for the savings accounts held by individuals and Hindu Undivided Family (HUF) ·   A person can have multiple savings accounts with different banks. But the cumulative interest income from all those accounts together should be under ₹10,000 to get a complete exemption ·   In case, the total cumulative interest-earning exceeds 10,000 from savings accounts, then tax exemption could be claimed for ₹10,000 only. The additional income in this respect will be subject to income tax.   ·   The tax deduction under Section 80TTA  is over and above th...

Prime Minister Narendra Modi today addressed the nation on the 73rd Independence Day. PM Modi led the nation in celebrating the event at the Red Fort in Delhi today morning. He unfurled the National Flag and delivered the customary address to the nation from the Red Fort at 7:30 am.  HERE IS THE TOP 10 QUOTATION  OF PM NARENDRA DAMODAR MODI THE PRIME MINISTER OF INDIA IN OCATION OF 73rd INDEPENDENCE DAY - My fellow Indians, greetings to you all on the occasion of India's 73rd Independence Day. While the nation celebrates today, we must think of people facing immense difficulities due to floods. Rescue teams are working round-the-clock to ensure that they are safe. With the new government that has come to power, we have strengthened the government machinery to ensure that we as a nation go ahead at a very fast pace. We have taken some very significant decisions in the first 10 weeks itself to ensure that the nation sees unhindered growth. The remova...

HI FRIENDS TODAY IS 15TH AUGUST 2019, AND IT IS THE DAY IN WHICH INDIA ACHIEVE THE  nation's independence from the United Kingdom on 15 August 1947, the UK Parliament passed the Indian Independence Act 1947 transferring legislative sovereignty to the Indian Constituent Assembly. Independence Day in India: History In 1757, British rule began in India which was followed by the victory of English East India Company at the Battle of Plassey and gained control over the country. East India Company took control in India for almost 100 years and then British crown replaced it via Indian Mutiny in 1857-58 . During World War I, the India Independence movement was started and it was led by Mahatma Gandhi who advocated the method of nonviolent, non-cooperation movement which was followed by Civil Disobedience movement.