What is AIS? AIS is a detailed financial summary of a taxpayer for a specific financial year. It is accessible via the Income Tax Portal and serves as an extension of Form 26AS. Uploaded within 3 months from the end of the month in which the Income Tax Department receives the information. Following are the Parts …
SEBI recently developed the concept of Social Stock Exchange. Social Stock Exchange (SSE) is a separate segment of the existing Stock Exchange, that can help Social Enterprise(s) to introduce funds from general public via stock exchange system. Social Stock Exchange will act as a medium between fund providers & Social Enterprises and that can support …
PERSON NOT REQUIRE TO LINK AADHAR – PAN CARD General terms of Aadhar card It is a 12-digit unique number issued to citizens of India by the Unique Identification Authority of India (UIDAI) after finishing an individual’s verification process. Regardless of age and gender, anyone who wants to obtain a uniform identification across the country can …
Distribution of free samples & gifts is treated to be supply under Goods and services tax Q: – Whether distribution of free samples and gifts is treated to be supply under Goods and services tax ? Ans: It is a Normal Practice among particular sections of industry & trade, Like that, pharmaceutical firm which often provide drug …
RECTIFY GSTR-1 TO SHOWN CORRECT SUPPLY IN B2B INSTEAD OF B2C RECTIFY YOUR ALL GST RETURN AT YEAR END VIA FILLING GSTR 9 & 9C WITHIN DEADLINE Goods and Services Tax Network issues Advisory on New Tables added in GSTR-1 -live on GST portal The Goods and Services Tax Network issues Advisory on New …
Indian Govt providing free online Aadhaar card update service: How it works? According to Unique Identification Authority of India, the myAadhaar portal offers the free Aadhaar updating service. To revalidate their demographic information, the UIDAI has been urging residents to upload PoI/PoA (Proof of Identification and Proof of Address) documents. UIDAI has decided to allow …
Winding up of LLP An LLP can be wound up in one of two ways: voluntarily by the members or compulsorily by a Tribunal. A Limited Liability Partnership must approve a resolution to close the LLP, which requires the consent of three-quarters of the total number of partners. If an LLP has lenders, the lenders’ …
TYPES OF ITR AND THEIR APPLICABILITY ITR 1 This form is applicable to individuals who are residents and have total income of up to Rs 50 lakh constituting Income from Salary, one house property, income from other sources (including family pension and interest income), and income from agricultural activities maximum up to Rs 5000. ITR …
Overview on AIS (Annual Information Statement) (earlier Form No. 26AS) Tax Dept has issue a new statement which call Annual Information Statement(AIS) It is earlier known as Form No. 26AS. Originally, the detail of TDS, TCS & Advance Tax are contained by Form No. 26AS. But, Scope has been relevance subsequently to disclose details & …
How are Digital Currency different from Virtual Digital Assets? Even if it is a crypto, a currency is only a currency if it is issued by a central bank. Conversely, anything outside of that is referred to as cryptocurrency by everyone, although it is not a currency. These are known as Virtual Digital Assets. Indian …