The ITR 4 form is for the taxpayers who have opted for the presumptive income scheme. The income tax return form can only be filed when the business is having an annual turnover of less than Rs. 2 crores .…
The last date for income tax return filing for the assessment year 2019-20 is July 31, 2019. The Income Tax Department then processes the refund. The income tax filer can either check the income tax return status or refund on…
There are many taxpayers in India who are in the habit of paying their income tax returns late. There is a penalty levied on the individuals who file their income tax returns late by the Income Tax Department of India.…
India’s Finance Minister Piyush Goyal presented the Union Budget 2019 on February 1, 2019. The Union budget 2019 by the Modi government, as expected, has tried to woo the public before the 2019 general elections. That said, the interim Budget…
A TIN number is required by the taxpaying business enterprises to track their transactions. All the business entities which are registered under VAT for trade would require a TIN number. In this blog, we shall discuss what is meant by…
