How to Claim Deduction in respect of Health Insurance Premium
Background - Deduction in respect of health insurance premium: Post covid scenario, People are buying health insurance policy. You may have also purchased healt... Read more.
Government extended due date of Audit and ITR for AY 2020-21 ( FY 2019-20 )
Government has extended due date of Audit and ITR . Please note summary as below. You can refer below press release in this regard Summary Individual ITRs: 10th... Read more.
Understanding ITR Forms for AY 2020-21 (AY 2019-20)
Sometimes it is difficult to identify which ITR to be filed for AY 2020-21. Below list will provide you clear details which ITR is applicable in your case. You ... Read more.
Due date for filing ITR for AY 2020-21
Due date for filing Income Tax return for AY 2020-21 ( FY 2019-20) is 31st December, 2020 for taxpayers who are not required to get their accounts audited and 3... Read more.
New TCS as per Section 206C(1H)
Background - TCS as per Section 206C(1H) : With effect from 01.10.2020 , Government has introduced Tax Collection at Source (TCS as per Section 206C(1H)) @ 0.10... Read more.
Extension of due date of furnishing of Income Tax Returns and Audit Reports for AY 2020-21
Today Ministry of Finance has published below press release for extension of due date of ITR and audit report for FY 2019-20 ( AY 2020-21) Ministry of Finance E... Read more.
Highlights of Announcements by FM on Tax Compliance and Regulatory Matters on 24th March 2020
Income Tax1. Extend last date for income tax returns for (FY 18-19) from 31st March, 2020 to 30th June, 2020. 2. Aadhaar-PAN linking date to be extended from 31... Read more.
Finance Bill 2020 and Budget Speech 2020
Indian Finance Minister, Smt. Nirmala Sitharaman, has presented Union Budget 2020-21 today in the Parliament. Click below link to download Memorandum Explaining... Read more.
Corporate tax rates slashed to 22% for domestic companies
Government has slashed corporate tax rates to 22% for domestic companies. Please find below Press Note for your ready reference. PRESS NOTE Corporate tax rates ... Read more.
TDS Rates Chart for FY 2019-20 ( AY 2020-21)
What is TDS and TDS Rates Chart? TDS means Tax Deducted at Source. So when Income is paid or credited to payee (whichever is earlier), payer has to deduct tax a... Read more.