As a part of “Reforms To Reward Your Honesty the Income Tax Department has implemented various measures to make tax compliance easier for taxpayers on 13th August 2020. This was launched as India’s first taxpayers charter. 1-Faceless Assessment 2-Faceless Appeals 3-Taxpayers Charter We will discuss in details. Highlights of Faceless Assessment Scheme: Dynamic Jurisdiction Team… Read More Transparent Taxation-Honoring the Honest (Faceless Assessment, Appeals)- Taxpayers Charter
In a major initiative and In order to help out borrowers dealing with liquidity issues, the Reserve Bank of India (RBI) has proposed restructuring of personal loans for those struggling with repayments. As per RBI, Personal loan includes gold loan, education loan, home loan, personal loan, consumer durable loan, car loan and loan against securities.… Read More RBI’s One Time Loan Restructuring Policy
Under Atma Nirbhar Package, the Employees’ Provident Fund (EPF) contributions of both the employers and employees were reduced to 20 percent from 24 percent for the months of May, June and July 2020.after the announcement by Finance Minister Nirmala Sitharaman on May 8. During this time, the reduced contribution amount meant that the take home… Read More EPF will be 12% each for employee, employer w.e.f. August 1
There are different cases where people became billionaire through the career in stock market by long term investment. Also at the same time many people lose their entire capital overnight in this stock market. In this article we will discuss about how a person who invested Rs. 10,000 in 1980 in WIPRO turned to 452… Read More Investment of Rs. 10,000 in Wipro in 1980s turned to Rs. 452 Crores in 2017
The last date to file a revised ITR for FY 2018-19 is extended to September 30, 2020 from July 31, 2020. This date has been extended due to this COVID pandemic.