How to File Income Tax Returns in India 1. Determine the Appropriate ITR Form: Understand your income sources: Salary, business income, capital gains, rental income, etc. Select the correct ITR form: ITR-1 (Sahaj): For individuals with income from salary, pension, and other sources (with certain limits). ITR-2: For individuals and Hindu Undivided Families (HUFs) not… Read More »
HSN Code Mandatory for B2C sales in GST: Turnover Threshold Explained whether HSN MANDATORY FOR B2C TURNOVER BELOW 5Cr? HSN codes are not mandatory for B2C (Business-to-Consumer) supplies for businesses with an annual turnover below Rs. 5 crores. Here’s a summary of HSN code requirements: Turnover above Rs. 5 crores: Mandatory: Must use 6-digit HSN… Read More »
Ministry of Home Affairs Government of India issues Orders prescribing lockdown for containment of COVID-19 Epidemic in the country Posted On: 24 MAR 2020 9:10PM by PIB Delhi The COVID-19 epidemic has affected many countries and the World Health Organisation has declared it ‘Pandemic’. Government of India (GOI) has been taking several proactive preventive and… Read More »
Prime Minister’s Office PM calls for complete lockdown of entire nation for 21 days PM addresses the nation on COVID-19 Posted On: 24 MAR 2020 11:01PM by PIB Delhi Prime Minister Shri Narendra Modi called for a complete lockdown of the entire nation for the next 21 days beginning at midnight tonight in an effort… Read More »
online portal for facilitating trade between India and Iran An Online Portal for facilitating trade between India and Iran was launched today by Dr. Inder Jit Singh, Additional Secretary, Department of Commerce in the presence of H.E. Mr. Gholamreza Ansari, Ambassador of Islamic Republic of Iran, Mr. Khaleel Rahim, CMD, STC, and other Directors of… Read More »
Protocol amending the Double Taxation Amending Convention (DTAC) between India and Japan comes into force; Protocol amending the DTAC aims to promote transparency and cooperation between the two countries. A Protocol amending the Double Taxation Avoidance Convention (DTAC) between India and Japan for the Avoidance of Double Taxation and the Prevention of Fiscal evasion with… Read More »
Protocol amending the Convention between the Government of the Republic of India and the Government of Japan MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 102/2016 New Delhi, the 28th October, 2016 INCOME-TAX S.O. 3346(E).— Whereas the annexed Protocol amending the Convention between the Government of the Republic of India and the Government of Japan… Read More »