Amendment to Rule 12 of the Income Tax Rules, 1962

Rule 12 of the Income Tax Rules, 1962 The Central Board of Direct Taxes, vide notification no. 32/2019 dated 1st April 2019, introduced the Income Tax (Second Amendment) Rules, 2019 which are made effective from 1st April 2019. Vide the said…

Due Dates: MCA and Income Tax Return

Due Dates: MCA and Income Tax Return All companies registered in India must file MCA annual return and income tax return each year, irrespective of business turnover or activity. In this article, we look at the important due dates for…

LLP Form 8 – Statement of Account & Solvency

LLP Form 8 - Statement of Account & Solvency The Statement of Account & Solvency (LLP Form 8) is a vital annual filing requirement for Limited Liability Partnerships (LLPs) in India. This document is a comprehensive financial snapshot, encompassing details of…

ITR-5 Form AY2018-19

ITR-5 Form AY2018-19 Form ITR-5 for AY2018-19 or FY2017-18 has been released by the Government. ITR-5 form is meant for use by persons other than an individual, HUF, company and any person who is filing Form ITR-7. To be specific,…

ITR-4 Form AY2018-19

ITR-4 Form AY2018-19 Form ITR-4 for AY2018-19 or FY2017-18 has been released by the Government. ITR-4 is applicable for taxpayers who have opted to be taxed under the presumptive income scheme. An assessee cannot file ITR-4 under the presumptive taxation…