ITR-V | INCOME TAX RETURNITR-V stands for Income Tax Return Verification. Basically, this is an acknowledgement for Income Tax Return filed electronically without DSC. ITR-V | ITR ACKNOWLEDGEMENTITR-V is issued where the data of the return of income in Forms ITR-1, ITR-2, ITR-3, ITR-4, and ITR-5 transmitted electronically without...
ITR-6 FORMThe income tax department has designed various ITR forms depending on various criteria. Taxpayers have to choose the right ITR forms to file their returns. Comprehensive details have been elaborated for taxpayers who can file ITR-6 FORM.Who is Eligible to File ITR-6 for AY 2020-21?ITR-6 is for Companies...
About Indian Stamp Act, 1899The Indian Stamp Act of 1899, is a charge on instruments recording transactions. Recently, amendment has been effected from 1st July 2020. Amendments was carried out to facilitate ease of doing business and bring in uniformity in stamp duty payments. FAQs Indian Stamp ActRates of...
HSN CODESHSN stands for 'Harmonized System Nomenclature. The specified codes helps to identify the correct classification of goods all across the globe in a standardized manner. HSN CODES MANDATORY 01.04.2020SAC CODESSAC Codes stands for Services Accounting Code. SAC codes has been issued by CBEC to ensure correct classification of...
What is National Pension Scheme - NPSNational Pension Scheme – NPS is a government sponsored pension scheme. NPS aims to bring in discipline for savings for retirement. It attempts to build a decent corpus for retirement planning. Also read about detailed National Pension Scheme - NPS FAQ.Types of NPS...
Disclaimer : This is just a draft Audit report format and for educational purposes.
What is Startup Pitch DeckPitch Deck are concise and crisp presentation either to show case your ideas, product or business model to get funded by investors. This is important step in a startup journey to raise funds or pitch a idea. Startup Pitch DeckPitch Deck can be prepared in...
A permanent account number (PAN) is a ten-character alphanumeric identifier allotted under Income Tax Act 1961NON-RESIDENT INDIAN - NRI PAN CARDA Non-Resident Indian (NRI) can apply for PAN by submitting the Form No. 49A along with the requisite documents and prescribed feesDOCUMENTS REQUIRED FOR APPLICATION OF PANA Non-Resident Indian...
What is Aadhaar Number (Aadhar)Aadhar is a 12 numeric digit identification number for individuals issued by UIDAI (Unique Identification Authority of India). Aadhaar card UIDAIFeatures of Aadhar CardThe key features of aadhar card is as follows: Secure QR Code Hologram Micro text Ghost image Issue Date & Print Date Guilloche Pattern Embossed Aadhaar Logo Requirement of Aadhar...
What is ITR (Income Tax Return)?Income Tax Return (‘ITR’) is the form for submitting return of Income, Exemptions, Deductions, Tax paid, Tax deducted or collected at sources. The information is submitted to Income Tax Department for acknowledgement of return filed, assessment of income filed and intimation of ITR processed...
