A permanent account number (PAN) is a ten-character alphanumeric identifier allotted by the Indian Income Tax Department. This is a unique number allotted to tax payer to identify and track details of a particular tax payer. Table of Contents What is PAN - Permanent Account Number How to read PAN card Requirement of...
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 UIDAI Features of Aadhar Card The 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...
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...
