Income Tax

The Central Board of Direct Taxes or CBDT has announced its extension of the date of filing returns of income tax (I-T) cases that demand to be audited by a month to 31 October 2019. The actual deadline for filing ITRs was 30 September 2019. This gives a burden relief …

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Pushing the economy to the upper note comparing with the Asian pals with showing no exemptions making Indian market highly competitive. Markets have increased their standard following the government’s bold amend to cut down the business tax rate for local firms from 22% to 30%, and reduced to 15% or …

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A new Direct Tax Code (DTC) drafting made with the assistance of Talented committee by Modi’s Team.  Ages-ago the Income Tax Act, 1961 were formed and this is now replaced by DTC. It is always experience that matters a lot in the direct tax code. With the ages of work …

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There is a specified due date to file ITR for taxpayers as per Income Tax law. The last date may vary according to the type of taxpayers. Filling ITR 2019-2020: For the financial year 2019-2020, ITR needs to be filed by August 31st, 2019, as the filing due is nearing …

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Individual Form 16 available in pre-filled pattern for recording breakup salaries. Generally, dividend details from mutual funds, profit or loss on equities ITR filing with interest for annual income that you get from home. All details are recorded in individual’s I-T return form and pay tax if it is in …

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The demanding attention is given on viewing the prevailing situation as a special case was the statement mentioned in one received letter to Union Finance Minister Nirmala Sitharaman the Chamber of Traders Federation(CTF). The traders are to pay GST return and Income tax filing through internet or other media within …

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Recently, the Indian government has notified new tax return forms for FY2018-19 (assessment year 2019-20). Further to the Extension of the IT Filing date to 31 August 2019 (the extension of due date was applicable to all taxpayers liable to file their tax returns by 31 July, the original due …

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‘Time Limit Laid Down’ Extended for ITR filing to August 31 Income Tax Return due date is extended to 31st August 2019 for Financial Year 2018-19. Earlier, the due date to file ITR was 31st July 2019 which is now postponed. This extended due date is applicable for all persons …

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The pension is a scheme which would be provided for taxables who got their service retirement. The pension would also be taxable under the circumstance of the salaries. Here we are going to simplify the Employee pension tax Deductions. Read it thoroughly to get rid of from the scam. Varieties …

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In a stellar move to tighten reigns on businesses evading taxes, the government has taken another step forward towards nabbing defaulting businesses. Prior to introduction of the GST regime, the Income tax department was literally handicapped with no access to data submitted by businesses in their sales tax returns, service …

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