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Extension of due date of furnishing of Income Tax Returns and Audit Reports

October 24, 2020 admin Leave a Comment

Extension of the due date of furnishing of Income Tax Returns and Audit Reports In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances due to the outbreak of COVID-19, the Government brought the Taxation and … [Read more...]

Due Date for Income Tax Return for AY 2019-20 Extended to 30 November 2020

October 1, 2020 admin Leave a Comment

Latest CBDT Circular October 2020 regarding the Income Tax Returns for the Assessment Year 2019-20 PDF Download F. No. 225/ 150/2020-ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, … [Read more...]

Last date for filing Income Tax return for AY 2020-21 extended to November 30, 2020

May 14, 2020 admin Leave a Comment

The due date of all Income Tax Returns for Assessment Year 2020-21 will be extended to 30 November, 2020. Similarly, tax audit due date will be extended to 31 October 2020 Finance Minister announce measures for relief and credit support related to … [Read more...]

Income Tax Due Date Extended to all Taxpayers from July to August 2019

July 24, 2019 admin Leave a Comment

Income Tax Due Date Extended to all Taxpayers from July to August 2019 Income Tax Due Date Extended to all Taxpayers from 31st July to 31st August 2019 The last date for filing Income Tax returns for AY 2019-20 is 31.07.2019. Filing Income Tax … [Read more...]

Union Budget 2020 – No change in Income Tax Slab

July 5, 2019 admin Leave a Comment

Union Budget 2020 - No change in Income Tax Slab "Those having annual income upto Rs. 5 lakh are not required to pay any income tax" Tax rates for individuals having taxable income from Rs. 2 cr - 5 cr and Rs. 5 cr & above to be increased by … [Read more...]

IT Returns Cannot be filed without Quoting Aadhaar – CBDT

April 4, 2019 admin Leave a Comment

IT Returns cannot be filed without quoting the Aadhaar number - CBDT Income Tax Returns being filed either electronically or manually cannot be filed without quoting the Aadhaar number Circular No.6/2019 Government of India Ministry of … [Read more...]

Income upto Rs 5 Lakh to Get Full Tax Rebate

February 1, 2019 admin Leave a Comment

Income upto Rs 5 Lakh to Get Full Tax Rebate "Additional deductions such as interest on home loan up to Rs.2 lakh, interest on education loans, National Pension Scheme contributions, medical insurance, medical expenditure on senior citizens" Income … [Read more...]

Rates of Income Tax for FY 2019-20 – Finance Bill 2019

February 1, 2019 admin Leave a Comment

Rates of Income Tax for FY 2019-20 - Finance Bill 2019 RATES OF INCOME TAX - FINANCE BILL 2019 THE FINANCE BILL, 2019 A BILL to continue the existing rates of income-tax for the financial year 2019-2020 and to provide for certain relief to taxpayers … [Read more...]

Highlights Of Interim Budget 2019-20

February 1, 2019 admin Leave a Comment

Highlights Of Interim Budget 2019-20 Tax exempted on notional rent on a second self-occupied house Tax collections nearly doubled in five years- from Rs. 6.38 Lakh crore in 2013-14 to almost Rs. 12 lakh crore this year Defence budget to cross Rs … [Read more...]

Interim Budget 2019: No Need to Pay Income Tax up to 5 Lakh

February 1, 2019 admin Leave a Comment

Interim Budget 2019: No Need to Pay Income Tax up to 5 Lakh Income Tax Exemption for Individuals up to Rs.5 Lakh per annum Finance Minister Piyush Goyal has announced that no need to pay income tax for individuals with income upto 5 Lakh for the … [Read more...]

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