No Need to Submit Additional Documents for PAN Card, Aadhaar is sufficient to apply No Need to Submit Additional Documents for applying PAN Card, only Aadhaar is sufficient to get PAN Number. Getting PAN Card is now very easy with Aadhaar Card. If any one has Aadhaar Card, he can get PAN Card Number without … Read more
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 returns from 31st July, 2019 to 31st August, 2019 in cases … Read more
NC Staff Side Demand on exemption from payment of income tax to Pensioners EXEMPTION FROM PAYMENT OF INCOME TAX TO PENSIONERS WHO HAVE ATTAINED AGE OF 80 YEARS OR MORE Pension or Family Pension taxed as salary income? Yes, Pension is taxable as salary income. And Family Pension is taxable as income from other sources. … Read more
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 around 3 % and 7 … Read more
Children Education Allowance Income Tax Online Tools for CG Employees Exempted from Income Tax for Children Education Allowance and Hostel Expenditure allowance – A simple calculator for CG Employees How to use the tool Step 1: Select the option Children Education Allowance or Hostel Subsidy Step 2: Enter the Amount Received for 1st and 2nd … Read more
Union Budget for 2019-20 on 5th July 2019 Union Budget for 2019-20 will be presented in the Lok Sabha on Friday, the 5th July, 2019 Cabinet approves Summoning of Parliament after General Election, 2019 Lok Sabha session during 17th June-26th July Rajya Sabha during 20th June-26th July Economic Survey to be presented on 4th July … Read more
CBDT Notification 2019 – Important Amendment in Form 16 CBDT Notification No.36/2019 Dt. 12.4.2019 – Important Amendment in Form 16 and Form No. 24Q Notification No.36/2019 Amendment of Form No. 16 and Form No. 24Q MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 12th April, 2019 G.S.R. 304(E).—In … Read more
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 Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 31st of March, 2019 Subject: … Read more
Tax Deducted at Source (TDS) on Income from Pension and Family Pension In India more than one crore pensioners and family pensioners are getting pension under Central and State Government. The post contains the rates of deduction of income-tax from the payment of income chargeable under the head “Salaries” during the financial year 2018-19 and … Read more
Income tax Circular 2018-19 (Assessment Year 2019-2020) for Salaried Employees Method of Tax Calculation, Relief When Salary Paid in Arrear or Advance, Income from house property, Adjustment for Excess or Shortfall of Deduction and Salary Paid in Foreign Currency Income Tax deduction at source from salaries as per Section 192 of Income Tax Act, 1961 … Read more