Caindurg PowerPoint PPT Presentations

Every company whose income is less than 15% of its book profit (as of AY 2020-21) is obliged to acquire a Form 29B report from a Chartered Accountant. This report should be received and submitted one month prior to the due date for filing a return under Section 139(1), or with the return of income provided in response to a notice under Section 142(1). (i)

The PFRDA (Pension Fund Regulatory and Development Authority) governs the National Pension System (NPS), which is a retirement pension programme established by the Government of India to provide subscribers with a regular income after retirement. NPS in 2021 is the best option to get tax benefits. It may be a smart choice for you because of the low minimum commitment and higher returns for retirement planning.

The Income Tax Department has announced forms for filing I-T returns for the 2020-21 fiscal year, which is a significant development in the field of taxation. In spite of the ongoing COVID pandemic and to make it easier for taxpayers, no major changes to the ITR Forms have been made in relation to last year's ITR Forms. Only the bare minimum reforms were introduced as a result of revisions to the Income-tax Act of 1961.