ITR, Audit Report & Other Dates Extended
The Income Tax Department has recently extended the period of tax relief to taxpayers during the second wave of Covid-19. Due to the devastating Covid-19View More
Tag: incometaxact
All About Professional Tax
Professional tax is a tax that is levied by a state government on all individuals who earn a living through any medium. This should notView More
ITR-2 Form
Income tax Department on June 26, 2020 have uploaded the ITR-2 Form for efiling. Form is required to be filed by Individuals and HUF’s notView More
ITR- Income Tax Return. Which ITR Should I File?
Central Board of Direct Taxes have notified the ITR forms for FY 2019-2020 (AY 2020-2021) on 29th May, 2020. The ITR filing deadline has alsoView More
IAS 36 – Impairment of Assets
Impairment is determined by comparing CARRYING VALUE of the asset with it’s RECOVERABLE AMOUNT. It will be higher of Fair Value less Cost of DisposalView More