Online CA Services - Taxgoal

You might have made some investment this year, which might yield you in the coming years. Or you might be getting off, of your past investment finding it to be no more rewarding in the current year. But is it so easy to escape, when you have invested for long term or gained some benefits out of your investment in its initial years? No, there’s huge compliance involved in admitting and withdrawing out of investments. The Income Tax Act, 1961 guides for applicability of a Capital Gain tax , where any investor though holding any investment including any movable or immovable property receives any gain or profit out it during its holding period, at its resale, or at its maturity as the case may be. Capital gain tax is charged on the profits and gains realized by the investor on certain investments which the investor has to submit to the Income-tax department. Taxgoal is an online CA service provider agency with a team of dedicated and highly professional tax consultants and compliance ...

With relaxation in compliance norms for the corporate sector, the Government of India did announce for some effective policy measures for individuals and corporate entities to keep their business going and balance their compliance obligations during this time of the pandemic.  In respite of the COVID-19 pandemic, the Finance Minister Nirmala Sitharaman in April 2020 announced to extend the due date for filing Income Tax Return for the AY 2020 -21 to 30 th November 2020 which was to be filed on 31 st July 2020. Due Date for Filling Income Tax Return for AY 2020-2021 (FY – 2019-2020)   Particular Due Date For all taxpayers on whom audit provisions are not applied 30 th November 2020 For all taxpayers (inc. companies) on whom audit provisions are applicable 31 st October 2020 To file a return of Income tax is the responsibility of every Indian citizen. It is obligatory for both individua...