Category: Income Tax

National Pension Scheme – NPS can give benefit up to 42% in first year

This is tax season now. You may be planning to do investment for FY 2018-19. This will help in Tax Deduction .Due date may be nearing in your company to submit investment proof . National Pension Scheme Read more […]

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What is fees for Late Return of Income – ITR filing

Missed deadline for filing return of income for FY 2017-18 (AY 2018-19) and want to file return now but wondering what is fees for Late Return of Income – ITR filing. This post will provide complete details Read more […]

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TDS Rates Chart for FY 2018-19 ( AY 2019-20)

Over the years there is definite increase in scope of TDS provisions. TDS provision has really become key instrument for Government to get compliance with requirement of Income Tax Law. Assesses has to Read more […]

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Income Tax rates for FY 2018-19

Income Tax Rates for FY 2018-2019

Income Tax rates for FY 2018-19 (Financial Year 2018-19)and AY (Assessment Year)2019-20 A. Individuals/HUFs/AOPs/BOI/Artificial Judicial Person A1.  FOR RESIDENT MEN and WOMEN (Age less than Read more […]

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Government extends due date of filing of Income Tax Returns

Government extends due date of filing of Income Tax Returns. Press release issued Ministry of Finance is posted below. pib.nic.in/PressReleaseIframePage.aspx Ministry of Finance Extension of Due Date Read more […]

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Depreciation Rate Chart as per Income Tax Act

Depreciation Rates as per Income Tax Act

Assets are bifurcated in five classes for the purpose of Depreciation as per Income Act .Below mention Depreciation Rate Chart as per Income Tax Act are applicable for the FY 2018-19(AY 2019-20) as amended Read more […]

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