I-T dept enables tax audit utility form for FY’20, FY’21 The income tax Department has enabled the tax audit utility form on its portal for financial year 2019-20 and 2020-21. Under the I-T Act, taxpayers are required to get their accounts audited if the sales, turnover or gross receipts of business exceed Rs 10 crore, […]

Aadhaar not a valid document for proof of age, says high court CHANDIGARH: The Punjab and Haryana high court has made it clear that the Aadhaar card cannot be used for proof of age as no documentary details are usually sought at the time of applying for the Unique Identity Development Authority of India’s (UIDAI’s) […]

Income Tax Return Filing Deadline: CBDT Extends Due Date of Various ITR e-filing Forms What comes as a big relief to taxpayers in India, the Finance Ministry had announced that it would be extending the deadlines for e-filings of various income tax returns (ITR) forms that come under the ambit of the Income-Tax Act, 1961. […]

Aadhaar-PF Seeding, GST, LPG prices: THESE 5 changes will happen from September 1 The month of September is going to come in a few days and with COVID-19 cases increasing in some states, there are certain changes that are going to be reality. These changes include mandatory Aadhaar-PAN linking and an expected hike in LPG […]

Income Tax Return: ITR filing deadline to get extended due to glitches As the Income Tax website faces glitches, the Central Board of Direct Taxes (CBDT) is said to have planned to further extend the deadline for filing income tax returns (ITR) for the financial year 2020-21 (AY 2021-22). According to a report, earlier the […]

Income Tax Notification: Check Your Income Tax Refund Status, sitting at home, like this Income Tax Refund Status Check is a important process to ascertain whether one has received the refund amount sent by Income Tax Department or not. Central Board of Direct Taxes (CBDT) has issued refunds of more than Rs 47,000 crore to […]

Your cheque can bounce if you don’t follow this RBI rule from this month According to the new set of rules directed by the Reserve Bank of India (RBI) at the beginning of August, NACH will be operational 24 hours a day. With this change, which will be implemented in all national and private banks, […]

Use FASTags To Fill Petrol In These Locations: Which FASTag To Use? How To Pay? FASTag has tied up with Indian Oil Corporation to provide cashless, contactless payment for refuelling. The new method provides more convenience as less time is spent at petrol stations fussing over cash and change. Eligibility Users who can enjoy this […]

RBI cancels licence of this bank? Do you have account in it? The Reserve Bank of India (RBI) on Wednesday said it has cancelled the licence of Dr Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd, Nilanga, Latur, as it does not have adequate capital and earning prospects. Also, the Maharashtra-based bank with its current financial […]

H-1B visa update: US agency allows some foreign guest workers to re-submit their applications Washington: A federal US body announced on Wednesday (June 23, 2021) that it will allow re-submission of H-1B visa applications, the most sought-after non-immigrant visa among Indian IT professionals, for some foreign guest workers. The H-1B visa allows US companies to employ […]