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Income Tax Rates on individuals for FY 2020-21/ AY 2021-22
Individual taxpayers need to pay the tax on the basis of a slab system defined by Income Tax 1961, on the basis of the income earned by them in the previous year. Slab system means different tax rates prescribed for different ranges of income which are progressive in nature; it means the tax rates keep […]
Read moreIncome Tax: Important changes you must know
The new fiscal year, 2021-22, has begun. Several financial regulations have also been altered. In FY 2021-22, these developments are expected to have an effect on money and your wallet. The government has made the reforms in order to make life simpler for both the general public and taxpaying organisations. 1.The first year for the […]
Read moreBank Holidays in April 2021, banks to remain close for 15 days
Private and public banks in India will stay closed for 15 days in April 2021 due to various bank holidays. It also involve the second and fourth Saturdays as the banks stay shut on these days. Bank holidays in April 2021 include festivals such as Ram Navmi, Good Friday, Bihu, and Babu Jagjivan Ram’s Birthday, […]
Read moreDate extended for linking Aadhaar with PAN and Certain Other Time Limits
Aadhaar with PAN: In view of the COVID-19 pandemic, certain time limits specified under the various tax and Benami laws have been extended by the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 and subsequent notifications issued under this Act. The extended last date for intimating Aadhaar number under the Income-tax […]
Read moreCMA Intermediate and Final Result Declared, 3,689 Students became ICMAI member
Institute of Cost and Work Accountant of India (ICWAI) or ICMAI announced result of CMA Intermediate and Final Examination held in December, 2020 in Online Mode. This was the merged examinations of both June 2020 term and December 2020 term. The result can be accessed by candidates on http://examicmai.in/ Pass percentage of CMA Intermediate Exam […]
Read moreCA Final Course 2021 – Eligibility, Registration fees, Procedure & Syllabus
As per the new norms proposed by ICAI and accepted by government, now those who passed intermediate will get the status of Graduation degree and those who cleared finals will get status of Masters degree. So, to get that master’s degree by clearing finals one needs to get themselves registered in CA final first after […]
Read moreCA Intermediate & IPCC Jan 2021 Result Declared; Pass percentage & Result link
Results of the Chartered Accountants Intermediate Examination (Old course & New Course) held in January 2021 declared on 26tht March 2021 at around 2 PM. The result can be accessed by candidates on the following websites: icaiexam.icai.org caresults.icai.org icai.nic.in/ Pass percentage of Result Of Chartered Accountants Intermediate Examination (New course) Examination Held In Jan 2021 Pass percentage […]
Read moreCryptocurrency status in India: Past, Present and Future
A cryptocurrency, cryptocurrency or crypto is a digital currency used as a medium of exchange, an individual coin ownership records are stored in a ledger format in computerized database. That’s done using cryptography to secure transaction records, moreover to control the creation of additional coins and to verify the transfer of coin ownership. It exists in digital form and not issued by a central authority. It works […]
Read moreSave Tax : 20 Ways to save Income tax in India
As much long lasted financial year 2020-2021 is near to end soon, everyone is getting themselves busy in financial year closing activities. But along with closing of books of accounts, there are some things to be taken care of for the purpose of reducing tax burden and that is nothing but the tax saving investments. […]
Read moreCBIC instruct GST Officers not to ask for Cash Payment from Taxpayers
CBIC issued Press Note regarding payment of GST dues during March 2021. This press note came when GST Officers were using pressure tactics on taxpayers to pay in cash. As the 20th March deadline for GST payments nears, GST authorities are pressuring taxpayers to pay their “maximum tax liability” in ‘cash’. According to tax experts […]
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