How to download JSON Utility?

The Central Board of Direct Tax (CBDT) had issued a JSON utility to file Income Tax Returns (ITRs) for Assessment Year 2021-22. Currently, the JSON utility is enabled only for forms ITR-1 & ITR-4. The CBDT will enable JSON utility for other ITR forms as well in the next releases.…

What are Futures & Options and its taxability?

Due to other relevant factors the prices of stocks in stock market changes rapidly and drastically. To safeguard themselves the investors invests in derivatives like futures and options. The term derivative means, it is a kind of contract which derives its value from the underlying assets…

ITR-1 for FY 2020-21

The CBDT had notified few significant changes in ITR-1 via a notification dated 31st March 2021. Following are the amendments in this ITR-1 form;…

Introduction of QR Code in GST

The purpose behind introducing QR codes in GST is to make things quick and convenient in this digital area. This new e-invoicing system aims to have a standardized way of reporting invoices.…