Income Tax Return Form Archives

Income Tax Return Form

FAQ ON DIRECT TAX VIVAD SE VISHWAS BILL,2020

The Scheme was launched by the Finance Minister in her Budget speech on Feb 1 ,2020 .The scheme is in the direction of bringing tax dispute to an end and bringing the disputed money in various appellate forum in the mainstream of the economy . What is scheme ? The scheme aims in unlocking the

Efiling Incometax Refund Form | Incometax 2018 – 2019

The ever changing Govt Legislation and complex business environment, requires organization and individual to be proactive in the way. So that They plan their compliance systems similarly An effective tax planning can reduce tax outgo . Let you know to discuss more about efiling incometax return form and their benefits. We at Progressus helps the

Tax Implication for NRIs selling property in India

There are fair amount of deals now a days where Non Resident Indian often sell their inherited or buyed property in India .There is fair amount of confusion regarding capital gain aspects and Tax deducted at source on these transactions . NRI who are selling their house property have to pay capital gain tax which

NEW INCOME TAX RETURN FORMS NOTIFIED

The number of changes notified in the Income Tax Return Forms for the FY 2018-19 is probably the highest in the recent times . Several changes have been made in the forms seeking additional details, which will help in automatically validating or cross-checking the income and other details that the tax authorities may have from

Valuation of securities under Income Tax Act or Company Law

There has been a lot of confusion with regard to who is eligible to value and under what circumstances under Income Tax Act or Companies Act 1956 . The Ministry of Corporate Affairs (MCA) has notified the provisions governing valuation by registered valuers section 247 of the Companies Act, 2013 (the Act)] and the Companies

ESOP TAX INCIDENCE

ESOPs are taxed at 2 instances –At the time of exercise – as a perquisite.When the employee has exercised the option, basically agreed to buy; the difference between the FMV (on exercise date) and exercise price is taxed as perquisite. The employer deducts TDS on this perquisite. This amount is shown in the employee’s Form

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