PAN unlinked with Aadhaar could get deactivated. This will result in higher taxation, penalties, and problems for the persons in financial transactions. The article presents advantages to the government and people through this linking exercise, sets out a step-by-step procedure for linking Aadhaar with PAN before the deadline of June 30, 2023, What is the […]
eDistrict UP is an online portal established by the government of Uttar Pradesh to provide civic services to state residents. Available in both Hindi and English, residents can apply for certificates or services, download required documents and track their applications in a few clicks. Services offered by eDistrict UP Land records: Residents can access land
The Indian income tax system levies a tax on individual taxpayers depending on their income level. However, from 2020-21, the method of levying taxes changed. A new tax regime was announced wherein the tax rates were reduced significantly, along with a massive reduction in tax-saving opportunities. The government has incorporated many incentives in the 2023
The Central Board of Direct Taxes (CBDT) has issued a new set of guidelines on 25 November 2021 with respect to the provisions relating to newly inserted Sections on Tax Deduction at Source (TDS) and Tax Collected at Source (TCS). It may be noted that Section 194-O which is effective from 1 October 2020 mandates
The scheme aims to supplement the financial needs of all landholding farmers’ families by procuring various inputs to ensure proper crop health and appropriate yields, commensurate with the anticipated farm income as well as for domestic needs. Under the scheme an amount of ₹ 6000/- per year is released by the Central Government online directly
GST council is a governing body to regulates and directs every step for the implementation of goods and service tax in the nation with decisions over tax rates and further implementation measures. GST council assimilates suggestions and regulations into one form and improvises the changes formally through notifications and circulars with its departments and finance ministry. A
Section 44AB of the Income tax Act, 1961, requires certain classes of taxpayers to get their accounts audited. It is mandatory for them to provide statement of particulars or specific information on various subjects as prescribed under Form 3CD. The audit aims to ascertain the compliance of various provisions of the Income-tax Law and the fulfilment
Employees Provident Fund is a retirement help plan for all salaried individuals. Employees Provident Fund Organization of India (EPFO) handles the fund, and every business with twenty or more employees must enrol with EPFO. During the employment period, both the employee and the employer contribute 12 per cent of the basic salary of the employee
The Mukhyamantri Vishesh Yogyajan Samman Pension Yojana (MVSYS) stands as a testament to the commitment of the Government of Rajasthan towards the welfare of its citizens, particularly those with disabilities. Launched in 2013 under the auspices of the Department of Social Justice and Empowerment, this visionary scheme aims to extend crucial financial assistance to persons
GST registration is mandatory for companies with an annual turnover of Rs. 20 lakhs or more who engage in the buying and selling of goods and services. Upon registration, every taxpayer is assigned a unique identification number called GSTIN (Goods and Services Tax Identification Number). The GST portal offers a convenient feature to search for GSTIN data
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