Nirmala Sitharaman Is Going To Approve Cryptocurrency Bill Very Soon
Nirmala Sitharaman is going to approve the Cryptocurrency Bill very soon. Cryptocurrency is growing very fast in India. Now many people in India have started trading in cryptocurrency rapidly. The speed with which cryptocurrency trading is growing is a matter of concern for the government. The Union Cabinet is supposed to take up a bill to control cryptocurrency and its expanding market in India, Finance Minister Nirmala Sitharaman said on August 16, 2021. Finance Minister Nirmala Sitharaman said that the proposed legislation on cryptocurrencies has been postponed before the Cabinet and is awaiting its approval.
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.
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.
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.
Best Business Consulting CA Company in Jaipur | Taxkundali
The business consulting firm provides you the feedback and back support to your company and business. They provide consultants for your business and company for the services you need. Best Business Consulting CA Company in Jaipur helps business institutions to enhance their performance by analyzing the current position and problems and create a strategy for the development of your company. If You want to know About Direct taxation service provider in Jaipur.