EaseTax_Concept

  NSC- National Saving Certificate Simple and fixed saving  and  Income source for employee and businessman in India which is easily available in all Post offices.  Investment in NSC can be done upto 10 year. 1. How much we can Invest?                                                                                                                                                       5 Years National Savings Certificate (VIII Issue) ->>>>  Minimum of Rs. 1000/- and in multiples of Rs. 100/- No    ...

  1. What is ESOP? Well, ESOP stand for Employee Stock Option Plan, this is very smart technique to keep employee motivated and to keep association with that employee for long term, Companies provide option to buy the Share at a certain prices, which will be less than the Market Value which employee can exercised after certain period of working in the company as per terms & conditions.  2. How ESOP in the hands of Employees are taxed in India?     a. Taxable Event :- ESOP is taxable when employee exercised his option (Sale or purchase). Treated as Capital Gain.      b. Period of Holding : Count from the date of Allotment .....to...... Date of Sale of Shares     c. Cost of Acquisition : Cost of Acquisition will be - FMV as computed for determining the perquisite          u/s 17(2) (vi) (the employee may find it in their Form 16).      d. LTCG  or STCG- How to determined.  ...

 There are certain transactions e.g, accepting unsecured loans or deposits from Directors or relative of Directors usually done in Private Limited Companies.  1. Income Tax Department usually asked to justify the genuineness and creditworthiness of such borrowings from the above persons along with the documents to substantiate your claim during the Scrutiny case or in regular Assessment case under Section 143(2)/143(3). 2. apart from the above income Tax Department asked Declaration taken from Directors or Such relative of directors as follows. "the undertaking that “declaration in writing to the effect that the amount is not being given out of funds acquired by him by borrowing or accepting loans or deposits from others.” Based on ‘The Companies (Acceptance of Deposit) second amendment Rules, 2015’ dated 15th September, 2015 G.S.R. 695(E)" Companies ( Acceptance of deposit) Rule 2014 Based on above the question arise that what documents should we provide and how to justify t...

The process to file Income Tax return is as under. 1. Register your PAN no to Income Tax e-filing website- to register  www.incometaxindiefiling.gov.in Process of Registration  Go to the above site----->>>>  Click on Registered Your Self ------->>>>  Select category from Drop down list(for example if your are Individual filing personal return then Select Individual) ------ >>>>  Fill the details as per PAN card., like Name, Surname, Pan no., Date of Birth, select Residential status (Resident in case your resident and Non resident in case you are NRI)---->>> complete all details and verification by OTP will be done through email and phone no. (So please give valid email id and Phone no.)      2. Once you register Go to the above website -----and login ( Registered user?  Click here ) 3. after log in you will see the following menu  Go to eFile menu ---->>>>select Income tax Ret...

  TDS return filing due date Due to lockdown and this pandemic situation of COVID 19 Government has extended the following due date for filing the TDS/TCS returns.  For more details -  Click here for  Financial Year 2020-21                                                                                Quarter               Month ending          Actual Due date          Extended due Date Q1                    30th June                      31st July 20                    31st March 2021 Q2   ...