Author: Shivali Kinger

Budget 2021: Changes in Income Tax

The highly anticipated Budget 2021 was announced by Nirmal Sitharaman on the 21st of February. Except for a few tweaks here and there, personal income tax has been largely left unaltered. These tweaks are projected to boost compliance among taxpayers and tax experts have welcomed the changes. The approach was of convenience to boost compliance

What happens if you file ITR after the deadline?

The government of India provides the taxpayers with many extensions to file their ITR but after all, we’re humans and sometimes we fail to file it within time. The due date for filing ITR for the assessment year of 2020-2021 ended on January 10th, 2021. The usual deadline for filing tax returns for an individual

Discover The Quickest Route For Your E-Way Bill Generation

Do you transport goods within your state or across different states in India? To comply with the GST law, you will need a new electronic document in order to transport your goods – The E-Way Bill. What is an E-Way bill? An E-Way bill is an electronic document which contains details of the supplier and

Benefits of DTAA for the NRIs

DTAA is Double Tax Avoidance Agreement. DTAA is an agreement between two countries to avoid double taxation. It is globally known as a tax treaty. The term DTAA is a popular term known to most of the NRI’s. Most of the NRI have dual income which they earn in a foreign country as well as

Does last date extension for claiming ITC a real relief?

The Finance Ministry announced extending the due date for claiming input tax credit (ITC) for the period July 2017-March 2018 by five days. Citing understanding by trade and industry relating to the last date for availing the ITC for the first year of GST, the last date for furnishing return in the Form GSTR-3B for