TAXAJ Knowledge Base

Income Tax Return Due Date AY 2023-24 Latest News (July 13, 2023): With only 19 days left for Income Tax Return filing for income earned in FY 2022-23, the Income Tax e-filing website is seeing a lot of activities from taxpayers.

Minimum Alternative Tax is payable under the Income Tax Act. The concept of MAT was introduced to target those companies that make huge profits and pay the dividend to their shareholders but pay no/minimal tax under the normal provisions of the Income Tax Act

Income Tax Return Filing Requisites

ICE-GATE (Indian Customs Electronic Commerce/Electronic Data Interchange Gateway) is an e-commerce portal managed by the Indian Customs department which provides a single window for electronic submission of trade-related documents and payment of customs duties and taxes.

Income Tax Return Form 4 (ITR-4) is a form that is used to file income tax returns by individuals and Hindu Undivided Families (HUFs) who have income from a proprietary business or profession

As the tax season approaches, it's time to start thinking about filing your income tax return. If you're an individual taxpayer in India, you may need to file Income Tax Return Form 3 (ITR-3)

The ITR Form 2 is applicable to individuals and HUFs who do not have income from profits and gains of business or profession. The following are the eligibility criteria for filing ITR Form 2

The ITR-1 form is also known as the Sahaj form and is meant for individuals who earn income from salary, one house property, other sources like interest on savings bank account, etc., and have a total income of up to Rs. 50 lakhs.

If you are going to a foreign country for a from your company for a short duration(onsite) then you should you do with EPF account? Do you withdraw from EPF account? Secondly, when you work in a foreign country you might be required to contribute to their social security scheme.

Remove your existing Java Version and Install Java 8 -32 bits 8 u 92 – download here – Add www.mca.gov.in to Internet Trusted Sites & Java Exception Site. This can be simply done using utility from ProxKey USB Token. Refer article ‘Cofigure Java & Internet Settings‘

Filing your income tax returns online has never been easier. Now, you can file your returns online without visiting an office or paying any fees.

The recent years have witnessed the emergence of a new profession—video blogging more popularly called as vlogging.

Convene the First Board Meeting: The Board meeting is held, and the resolution for issuing rights shares is passed. The rights issue does not require the approval of shareholders, and hence the board can proceed towards the issue.

A startup raises funds in many phases like pre-seed funding and seed capital is raised during the early stage while during the growth stage series A, B, C rounds of funding are done by the investors. Pre-seed funding and seed capital help a startup to have a strong foundation.

Tax Implications On Money Transferred From Abroad To India

The followings are the said amendments made under the Nidhi Company (Amendment) Rules 2022:

Ministry of Corporate Affairs (MCA) has mandated the stakeholders to install emSigner for registering Digital Signature of users on MCA.

Agricultural products means crops, livestock and livestock products, including but not limited to field crops, fruits, vegetables, horticultural specialties, cattle, sheep, hogs, goats, horses,

The e-filing users require a Digital Signature Certificate (DSC) to sign the income tax returns, forms and other places where authentication of the user on the electronic document is required.

how to upload itr on income tax portal