Types of ITR Forms

    ITR-1 OR SAHAJ Applicability : ¬†For a resident individual whose total income for the AY 2021-22 includes: Salary/ pension income or Rental income from property; or Any Other income from miscellaneous Sources (except Winning from Lottery and Income from...

Who is required to file ITR (Individuals)

Who is required to file ITR (Individuals) Why should you file ITR? It is mandatory to file income tax returns (ITR) in India if any of the conditions mentioned below are applicable to you: 1. If your gross annual income is more than the basic exemption limit as...

BUDGET 2021 – GROWTH OVER DEFICIT

BUDGET 2021 – GROWTH OVER DEFICIT BUDGET’2021- HIGHLIGHTS GENERAL: First digital Budget in the history of India Vehicle Scrapping Policy. Vehicle Fitness Test after 20 years in case of Personal vehicle and 15 years in case of commercial vehicles 64,180...

GST ON PAYPAL FEES IN INDIA

GST ON PAYPAL FEES IN INDIA GST on Paypal Fee in India : India is one of the 2nd largest market for the Freelancers after the United States with over 15 millions people are working in this segment as per the wikipedia. Most of these freelancers are working through...

NEW CHANGES FOR ITR FILING F.Y.2019-20 / A.Y. 2020-21

The Finance Ministry has already notified the Income-tax Return (ITR) Forms ITR-1 (Sahaj) and ITR-4 (Sugam) for the A.Y 2020-21 to ensure that the e-filing facility for filing of return for assessment year (A.Y) 2020-21 became available as on April 1, 2020. However,...