ITR Last Date 2021 | ITR Last Date Extended | ITR Related Important Point.
Income Tax Return (ITR) Filing the last date has been extended to 30 September 2021, due to the COVID-19 epidemic. ITR Last Date 2021 the deadline has been declared by the central government for filing ITR for the financial year 2020-21. According to the report, just in case of late in paying the income tax, the taxpayer is expected to pay interest on the outstanding tax, under three sections 234A, 234B, and 234C of the income tax Act 1961. Given the impact of the Covid-19 pandemic, taxpayers are suffering trouble in meeting certain tax compliances and also in filing responses to several notices. To ease the compliance responsibility of taxpayers through this difficult time, reliefs are being provided by the government.
Union Budget 2021: How will it Affect on Small Businesses
Indian minister of finance Nirmala Sitharaman unveiled the Union Budget 2021 on 1 February this year. Union Budget 2021: How will it Affect on Small Businesses, The budget possesses a strong specializes in digital transformation and economic growth after the market recession caused by COVID-19. resembling the increasing focus of the state on Indian Startups and SMEs on this year’s budget we will safely call the budget 2021 for small businesses. Nirmala Sitharaman, the union minister of finance, allocated Rs. 15,700 crores to the Micro, Small, and Medium Enterprises (MSME) sector – almost double the past year’s fund allocations of Rs. 7,572 crores.
Tax Audit Limit For AY 2021-22 – Taxkundali
Under section 44AB of the Act, every person leading on business is. As we all know there are several kinds of audits being carried under different laws such as cost audit, company audit or stock audit, etc. Meaning of Tax Audit within the same way tax audit limit for ay 2021-22 is governed by income tax law because the name suggests, a tax audit is an examination or review of accounts of any business or profession administered by taxpayers from a tax point of view.
What is Direct Tax | Different Rates of Direct Taxes
What is Direct Tax – Direct taxes are one sort of taxes an individual pays that are given straight or on to the government, like tax, land tax, and personal land tax, a poll tax, Income Tax. Such direct taxes are computed based on the strength of the taxpayer to pay, which means that the higher their ability of paying is, the higher their taxes are. Direct taxes are transferable to another person or business. The organizations and individuals on whom the direct taxes are concerned are only responsible for paying the taxes. Failure to pay taxes on time may result in penalties and imprisonment.
Tips for managing the business during Covid-19 | Taxkundali
We live in a world where no one knows what will happen next, we live with uncertainty, Uncertain danger. After 2019, the world neither knew nor was ready to see how much the corona epidemic will affect everyone’s life. From 2020 to 2021, this epidemic has not left us and it is breaking our back. During this period, the business conditions deteriorated, some were ruined and some went into too much loss. People need Tips for managing the business during Covid-19. People do not understand how to handle business ahead, what should we do and should not do during this pandemic.
Tax Tips for Small Business – Taxkundali
When you are the owner of a small business, your responsibility and expenses are very increased. You need to account for every small amount for your business. Often small businessmen have less profit and more expenses and in this situation, it becomes more difficult to pay tax. Now, nobody expects owners to be tax professionals. You have businesses to run, in any case, but it is vital to understand where you’ll manage to take a position that brings cashback to your business. If you want maximum benefit, then you should save tax. But only a good accountant and a CA give you Tax Tips for Small business to maximum tax saving.
Income Taxpayer Benefits – Taxkundali
If you earn any sort of income in India, you are inclined to pay income tax as per the IT Act. Income Taxpayer Benefits Once the tax is paid, you are also obliged to file tax returns for the same. If you miss to pay the income tax on time or do not file tax returns, you will be obligated to pay the fine. In some cases, it could also result in pursuance.
Top GST Consultant in Jaipur | Taxkundali
GST stands for Goods and service tax, now everyone knows the GST law but only some people know-how GST law works in a business. There was a lot of indirect tax in our country, but now to improve the tax our government made a new law of good and service tax. GST is an indirect tax. It’s an approach by our government one nation one tax. Every business owner registered and need to fill their GST, but only a few know how to deal with GST. That is why we need a top chartered accountant company in Jaipur and GST Consultant in Jaipur, Best CA Firms in Jaipur.
Tax Consultant Chartered Accountant Service
Every Big or Small Business or Organization should be required to calculate taxes and maintain their book. A Chartered Accountant is registered with the ICAI (Institute of chartered accountant of India), and a CA understands accountancy perfectly. All businesses need a good tax consultancy service to pay their taxes and be a fraud-free company. Tax Consultant Chartered Accountant Service helps to achieve their goal locally, nationally, or globally. Tax consultancy is known as a tax advisor. Good Tax consultancy can identify the opportunity or find the risk in the future and minimize the risk in the company. Tax Consultancy help to achieve their financial goals and make a business effective. A tax consultant manages their audits to make their account clean.