WHAT IS EVC TO VERIFY INCOME TAX RETURN Electronic Verification Code (‘EVC’) verifies the identity of the person while furnishing return of income electronically. There are different ways to e-verify income tax return and ‘EVC’ is sent to the taxpayer to verify income tax return (‘ITR’) filed electronically. VALIDITY OF EVC...
Non-filing of Return - NMS Non-filing of Return – NMS - Background Non-filing of Return – NMS tool identifies taxpayers who might have potential tax liabilities by analyzing the following sources of data: SFT – Statement of Financial Transactions AIR – Annual information Return (earlier known as Form 26AS) TDS / TCS Return filed...
Contents of eForm LLP-8 LLP-8 or Statement of Account & Solvency has following contents: LLP-8 Disclosures under MSME Part A : Statement of Solvency Statement of Asset and Liabilities Declaration of turnover exceeding or not INR 40 Lakhs Obligation of contribution exceeding or not INR 25 Lakhs LLP has to get the account...
Annuity A fixed sum of money paid to someone each year Beneficiary Beneficiary is the perron/institution to whom the rights/ownership of estate is bestowed. Codicil A codicil can add to, subtract from, revoke or modify the terms of the original will. Estate Estate is total assets of the person including intangible assets / legal rights and...
The 42nd GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today. The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance Ministers of States & UTs and...
Income-tax Rules 2020:CBDT vide Notification No. 82/2020 Dated 1st October, 2020 issued Income-tax (22nd Amendment) Rules, 2020 to notify changes in ITR-6, Form 3CD, Form CEB G.S.R. 610(E).—In exercise of the powers conferred by section 44AB, section 92E, clause (iv) of sub-section (2) of section 115BAA, sub-clause (iii) of clause...
MCA DUE DATE EXTENSION 31-December'2020 Form No. Purpose of Form Actual Due Date Extended Due Date LLP-11 LLP Annual Return 30th May, 2020 31st December, 2020 LLP-8 LLP- Statement of Account and Solvency 30th October, 2020 31st December, 2020 AOC-4 OPC OPC- Filing of Financial Statement Last date: 27th September, 2020 31st December, 2020 MGT-7 OPC OPC - Annual Return Last date: 27th September, 2020 31st December, 2020 AOC-4 Forms for filing financial statement and other documents with the...
LLP e-Filing - Form 8: Every LLP has to file LLP-8 or Statement of Account & Solvency every year. This form has to filed at MCA website Contents of eForm LLP-8 LLP-8 or Statement of Account & Solvency has following contents: Part A : Statement of Solvency Statement of Asset and Liabilities Declaration...
View / Download FORM 26AS: Form 26AS is a consolidated tax statement which details of total amount paid/credited and total tax deducted at sources thereon, tax collected at source, advance tax, self-assessment tax, regular assessment tax deposited by the taxpayers Details of Form 26AS - Annual Tax Statement under Section 203AA...
FOREIGN TAX CREDIT - FTC: Foreign Tax credit is credit given by a country of taxes paid in another country What is Form 67 Form 67 is a document to claim foreign tax credit by a taxpayer. Form 67 has to be filed before filing of return of income. Income tax...
