“The President is pleased to decide that the Dearness allowance payable to Central Government employees & dearness relief to pensioners shall be enhanced from the existing rate of 17% to 28% of the basic pay with effect from 1st July, 2021” said the recent Memorandum of Ministry...
The government has organized a system to facilitate the registration of MSMEs. An enterprise for this process will be known as Udyam and its Registration Process will be known as ‘Udyam Registration’. A permanent registration number will be given after registration.
An enterprise shall...
The new Income Tax Website was launched on the 7th of June at 8:45 PM replacing the old income tax website. The new website was launched with the aim of providing its users and taxpayers with a user-friendly environment on the website and to make the e-filling experience...
A) Due dates for Compliance under Income Tax
7 June 2021 - Due date for deposit of Tax deducted/collected for the month of May, 2021. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central...
What is Professional Tax?
Professional tax is a tax that a state government levies on any individual who earns income through any medium. Unlike the name suggests, it is not just for professionals but for all individuals.
Who is applicable...
Any payment made to a non-resident or a foreign company is subject to various rules and regulations.
As per provisions of Section 195 of Income-tax Act,1961 any person responsible for paying money to a non-resident including a foreign company shall deduct income tax for...
