High Value Transaction

INTRODUCTION The transactions incurred in high denomination are known as High Value Transactions. Taxpayers are required to keep in mind high-value transactions that they have made during the financial year while filing their income tax return. Income Tax Department is procuring financial information from other government departments to trace all the persons who have spent …

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MSME

MSME stands for Micro, Small and Medium Enterprises. MSME industries are the backbone of the economy. In this blog, we shall cover the following topics: S. No. Topic 1 Definition & Importance of MSME 2. Challenges faced by MSME 3. MSME Schemes launched by Government 4. Registration process of MSME 5. Benefits of MSME Registration 6. …

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Income Tax Return – Forms & It’s applicability for FY-2020-21

Index Who is required to file ITR? Who will file which ITR form? Due dates for ITR for different persons. ITR forms and utility. Who is required to file ITR? Conditional filing of Return: Assessee whose Gross Total Income (i.e income before claiming exemption u/s 54, 54B, 54D, 54EC, 54F, 54G, 54GA, 54GB and deduction …

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