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There are a few days left to file your income tax return (ITR) for the fiscal year 2021-22 (the appraisal year 2022-23). You have the option of filing yourself or using the services of several experts to calculate your income and tax obligations, prepare the return, and file it. These experts include government-licensed service …
According to the tax agency, more than 37.3 million income tax returns (ITR) have been filed so far in the fiscal year (2022-23) as the July 31 filing deadline approaches. The official electronic filing portal recorded 37,341,425 returns as of July 27, 2022. As of July 26, more than 34 million RTAs had been filed, …
Are you planning a career change? Why not withdraw the savings accumulated in the EPF accounts of your employees? Withdrawing from the EPF is a relatively simple process, involving filling out a form with your personal information and giving it to your human resources colleague to complete. After a few weeks, you will receive a …
US economic growth contracted 1.4% on an annualized basis in the first quarter of 2022 as the Omicron variant of COVID-19 and reduced government spending hit consumers and businesses, data showed the government on Thursday. The data was much worse than the modest increase analysts had expected after the economy grew 6.9% in the last …
It will take almost 15 years for the Indian economy to recover from the losses suffered during the coronavirus pandemic, according to the Reserve Bank of India (RBI) FY22 monetary and financial report. “Assuming a real growth rate of -6.6% for 2020-21, 8.9% for 2021-22 and an assumed growth rate of 7.2% for 2022-23 and …
The Federation of Hotel and Restaurant Associations of India (FHRAI), which also includes MSMEs and other companies, has again issued a statement to the Secretary of the Treasury, Nirmala Sitharaman, requesting her intervention to support the loan guarantee program of 60 billion announced this year in June. The association had also asked Nirmala Sitharaman to …
Reasonable care must be taken when filing our tax returns to avoid significant inconvenience in the form of notices and penalties. Common mistakes taxpayers make include filing tax returns with incorrect forms, failing to report details for all bank accounts, misreporting sources of income, and failing to verify electronic tax returns. You don’t have to …
As the Parliament of India prepares for the introduction of cryptocurrency law in the upcoming winter session, existing individual cryptocurrency holders have started to panic to sell their holdings. The price of Bitcoin has fallen by almost 18% in rupee terms. The price of the USD Tether (USD) also fell 17%. Why is this panic …