Income-Tax Return (ITR) which is filed electronically without a digital signature, the taxpayer is required to verify it using any one of the following modes within the time limit of 120 days from date of uploading the ITR Circular No.21/2021 F.No.225/140/2021/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes … Read more
Income Tax Circular 2021-22: Option 1 (Old Tax Regime) or Option 2 (New Tax Regime) and IT Tax Slab Table 2021-22 Directorate General Central Public Works Department Nirman Bhawan, New Delhi (Cash Section) Dated 30.09.2021 CIRCULAR Section 115BAC of the Income Tax Act, 1961 inserted by the Finance Act 2020 has introduced a new income … Read more
The Department of Revenue published a detailed notification about the deduction of Income Tax from salaries during the financial year 2020-21 with latest Income Tax Rates Table. F.No.275/19212020-IT(B) Government of India Ministry of Finance Deportment of Revenue Central Board of Direct Taxes North Block. New Delhi Dated the 3th December 2020 SUBJECT: INCOME-TAX DEDUCTION FROM … Read more
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 Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (‘the Ordinance’) on 31st March, 2020 … Read more
All ITR Forms for A.Y. 2020-21: Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7 and Form ITR-V: Notification issued by CBDT on 29.5.2020 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 29th May, 2020 INCOME-TAX G.S.R. 338(E).—In exercise of the powers … Read more
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 businesses, especially MSMEs to support Indian Economy’s fight against COVID-19 Rs 3 lakh … 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
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
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
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 financial year 2019-20 Along with the increase the exemption … Read more