Form 26AS

How to VIEW/DOWNLOAD ‘Form 26AS’ in new Income Tax Portal?

What is Form 26AS ?

Taxpayers are normally aware of ‘Form 26AS’ and need no further acquaintance, however, for those who don’t know, what Form 26AS is? Here is a details:

 

Form 26 AS is an Annual Tax Statement under Section 203AA of the Income Tax Act, 1961 that enables a taxpayer to check the amount of tax levied against him/her. A lot of information related to your income on which tax has been withheld can be easily found

Continue Reading
Kotak Mahindra Group announces Pandemic Benevolent Policy for employees

Kotak Mahindra Group announces Pandemic Benevolent Policy for employees

Kotak Mahindra Group (Kotak) has announced the introduction of a Pandemic Benevolent Policy for its 73,000 employees. Under this policy, family members/nominee of deceased employees from 1st April, 2020 and subsequent cases up to 31st March, 2022 will receive full monthly fixed salary (Cost to Company) for two years beginning June 2021.

The policy is applicable to families/nominee of all deceased employees, irrespective of the cause of death – whether pertaining to COVID-19 or any other cause not related to

Continue Reading
Centre triples welfare funds for journalists to help victims of Covid-19; 13 states have announced relief for scribes

Centre triples welfare funds for journalists to help victims of Covid-19; 13 states have announced relief for scribes

2021-05-29 21:03:46

In the last one year the Centre has tripled the welfare fund for journalists, making it almost Rs 3 crore recently to help families of reporters who have died of Covid-19. Meanwhile, at least ten states have announced vaccine priority for journalists and 13 States have also declared medical or financial assistance for scribes.

In a suo-moto move, the Centre on Thursday approved a financial assistance of Rs 5 lakh to families of 26 journalists who succumbed to

Continue Reading
India’s profit-to-GDP hits 4-year high, but best is yet to come

India’s profit-to-GDP hits 4-year high, but best is yet to come

 

MUMBAI: In one of the most concrete signs of the robust recovery in the formal sector of the Indian economy post the onset of the Covod-19 pandemic, India’s net profit-to-GDP ratio surged to a four-year high, according to data compiled by .

The brokerage firm said the profit pool of listed Indian companies as a percentage of GDP surged to 2.6 per cent in the financial year ended March 31, 2021, after hitting a multi-year low of 11.6 per

Continue Reading
Govt extends ITR filing date by 2 months to September 30

Govt extends ITR filing date by 2 months to September 30

 

The government has extended the timelines for various income tax compliances due to the second wave. For individuals, the due date to file income tax returns for the financial year 2020-21 has been extended by two months to September 30. In the regular course, the deadline for taxpayers whose accounts are not audited is July 31.

The Central Board of Direct Taxes (CBDT) has given a one-month (July 15) extension to companies for furnishing Form 16. According to the

Continue Reading
EPFO net new enrollments decreases by 1.9 per cent in 2020-21

EPFO net new enrollments decreases by 1.9 per cent in 2020-21

 

Net new enrollments under the Employees Provident Fund Organisation in 2020-21 fell by a marginal 1.9% to 77,08,375 compared to 78,58,394 in 2019-20 on the back of nationwide lockdown in April and May last year which had resulted in huge job losses in the above two months.

Net enrollments under EPFO in March stood at 11.21 lakh in March, down from 11.28 lakh in February, reflecting the impact on jobs because of partial lockdowns.

The highest addition of net

Continue Reading
Retail inflation for farm, rural workers eases marginally in April

Retail inflation for farm, rural workers eases marginally in April

 

Retail inflation for farm workers and rural labourers in April eased marginally to 2.66 per cent and 2.94 per cent, respectively, mainly due to lower prices of certain food items. “Point-to-point rate of inflation based on the CPI-AL (Consumer Price Index for Agricultural Labourers) and CPI-RL (Consumer Price Index for Rural Labourers) decreased to 2.66 per cent and 2.94 per cent in April 2021, from 2.78 percent and 2.96 per cent, respectively, in March, 2021,” the labour ministry said

Continue Reading
RBI raises concerns over dual microfinance regulation in Assam

RBI raises concerns over dual microfinance regulation in Assam

The Reserve Bank of India has expressed strong reservations about Assam’s bid to regulate microfinance activities by way of a legislation, because the Act, promulgated on January 27, leads to dual regulation of a key component of the credit market.

During the first meeting of the newly formed Assam government and microfinance stakeholders in Guwahati on Saturday, RBI officials are said to have argued that banks and non-bank microlenders, which are regulated by it and operate within a laid down

Continue Reading
What will Covid do to India’s GDP mainstay? Economists paint grim picture even as businesses hold on to hope

What will Covid do to India’s GDP mainstay? Economists paint grim picture even as businesses hold on to hope

 

Rural India saved the country during the first Covid wave. This time Covid infections have spread to the interiors like wild fire.

Synopsis

When Covid reached our shores last year, average Indian households were already reeling from economic stress. But with higher govt spending and loan moratorium support, the country managed to ride the first Covid wave. The second wave could be far more economically draining than the first one, say many economists.

The promoters of Jaipur Meat House

Continue Reading
Modi to release 8th instalment of Rs 19,000 cr for PM-KISAN scheme on Friday – The Shillong Times

PM-KISAN 8th instalment of Rs 19,000 cr to be released on Friday

Agencies


NEW DELHI, May 13:  Prime Minister Narendra Modi will release the 8th instalment of financial benefits worth Rs 19,000 crore under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on Friday to benefit more than 9.5 crore farmers.

The Prime Minister will release the instalment through video conferencing at 11 a.m.

“The instalment will enable the transfer of more than Rs 19,000 crore to more than 9.5 crore beneficiary farmer families,” said a statement issued from the Prime Minister’s

Continue Reading