Union Budget 2021 India: he Limited Liability Partnership Act, 2008 (“LLP Act”) introduced a hybrid of partnership and a company, in the form of an LLP, having lesser compliances and limited liability, making it a sought-
Most analysts expect the nominal GDP to grow at 15% or thereabouts in FY22; going by historical pattern, it is possible that the tax revenue will grow at the same rate (buoyancy 1) or even up to five percentage points higher.
Tax officials said the action was undertaken at the offices of the two entities-- Instakart and Swiggy-- in Bengaluru, apart from the office locations of the associated vendors, on Wednesday and Thursday.
Returns in ITR-1 Sahaj are filed by individuals whose total income does not exceed Rs 50 lakh, while form ITR-4 Sugam is meant for individuals, Hindu Undivided Families (HUFs) and firms (other than Limited Liability Partnersh
Income Tax Return Filing AY 2020-21 Latest Updates: The Income Tax Department said that more than 4.54 crore income tax returns for fiscal 2019-20 (Assessment Year 2020-21) were filed till December 29.
The deadline to file I-T returns by individual taxpayers for the 2019-20 fiscal (AY 2020-21) ends on December 31, 2020, while the same for taxpayers whose accounts require to be audited is January 31, 2021.
Budget 2021 Expectations: Currently, the limit of Rs 50 lakh is general irrespective of locations and type of property. However, the property market of metro cities are completely different from nonmetro cities.