Registering a business is not an easy task because it requires knowledge of all the rules and regulations required to set up a business. If you are going to start your own business then the first requirement is business registration. It is likely that you are unaware of the process. It can be very difficult …
E-filing of taxation come for all class of filers for the assessment year 2016-17 has been operationalized. “All ITRs as well as ITR half-dozen and ITR seven for AY 2016-17 square measure on the market for e-Filing,” the taxation Department aforesaid. The various class of ITRs were operationalized in an exceedingly phased manner beginning Apr …
It will be a boon for taxpayers because the tax Department has activated the Aadhar and web banking-based e-filing verification system for taxpayers to file 1st charm before a tax officer. The tax Department has reduced the interface between tax-payer and tax man by activating this facility on the official e-filing portal. One Electronic Verification Code is wont to validate one type regardless of the assessment Year. ECV are going to be hold …
We all know that running a business successfully is not a child’s play as there are so many activities need to be managed in a synchronized manner in order to expect fruitful results. People who take care of all activities achieve success at later stages while others will suffer the consequences like unit shutdown. As …
The finance minister in his budget for 2016-17 announced the introduction of a new tax called ‘equalisation levy’ on the online advertisement revenue of non-resident companies from B2B transactions. The Finance Bill, 2016, has proposed to insert a separate Chapter VIII in the bill titled ‘Equalisation Levy’ to provide for a new levy of 6% …
NRE Bank FD or Money Market (Liquid) Fund? NRE Bank FDs have always been considered the best investment product for NRIs to earn SECURED, TAX-FREE return in India. NRIs have poured in BILLIONS of dollars in NRE bank deposits to generate Secured tax-free return in India. However, with change in global compliance and reporting requirements …
A tax may be defined as a pecuniary burden laid upon individuals or property owners to support the Government, a payment exacted by legislative authority. A tax is not a voluntary payment or donation, but an enforced contribution, exacted pursuant to legislative authority. Tax law in India consists of direct tax law and indirect tax …
Here are some advantages of filing ITR: Loans Having filed the ITR will help individuals, like the one in the example above, when they have to apply for a vehicle loan (two-wheeler or four-wheeler). All major banks can ask for a copy of tax returns. State Bank of India asks vehicle loan applicants for the …
The Central Board of Direct Taxes (CBDT) has notified the Income Tax Returns (ITR) for Financial year 2014-15 (Assessment Year 2015-16). The new ITR forms have been released by CBDT for FY 2014-15 Income Tax Returns Filing.
What is Assessment Year & Financial Year?
Financial year (FY) is the year in which you have earned the income. If you are filing a return this year, the financial year will be 2014-15. For example, if you have had an income between 1st April 2014 and 31 March 2015, then 2014-15 will be referred to as FY. Assessment Year (AY) is the year in which you file returns i.e., 2015-16. The last date to file returns for the financial year 2014-2015 is July 31st 2015.
After hearing enough rambling on FDI’s and its pressing have to be compelled to stop Indian monetary unit fall, one is incredibly curious to grasp concerning FDI and making an attempt to grasp what qualifies as FDI and what routes square measure out there for them to take a position in our country. Foreign Direct Investment (FDI) FDI because the name suggests, it’s associate degree investment directly created by a remote company into business in another country. Such investment may well be either within …