Finance Friend

How to Claim Deduction in respect of Health Insurance Premium

May 17, 2021January 5, 2021 CA. Kalpesh Karia

https://financefriend.in/ Karia CA. Kalpesh

Background – Deduction in respect of health insurance premium: Post covid scenario, People are buying health insurance policy. You may have also purchased health insurance policy for the first Read more […]

Government extended due date of Audit and ITR for AY 2020-21 ( FY 2019-20 )

December 31, 2020December 30, 2020 CA. Kalpesh Karia

https://financefriend.in/ Karia CA. Kalpesh

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 Jan, 2021Tax Audit and other Audits: Read more […]

Understanding ITR Forms for AY 2020-21 (AY 2019-20)

December 24, 2020 CA. Kalpesh Karia

https://financefriend.in/ Karia CA. Kalpesh

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 can select relevant ITR in your case . ITR Read more […]

Due date for filing ITR for AY 2020-21

December 19, 2020 CA. Kalpesh Karia

https://financefriend.in/ Karia CA. Kalpesh

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 31st January, 2021 for taxpayers who are Read more […]

New TCS as per Section 206C(1H)

March 3, 2021November 1, 2020 CA. Kalpesh Karia

https://financefriend.in/ Karia CA. Kalpesh

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% (0.075% upto 31.03.2021) on Sales consideration Read more […]

Extension of due date of furnishing of Income Tax Returns and Audit Reports for AY 2020-21

October 24, 2020October 24, 2020 CA. Kalpesh Karia

https://financefriend.in/ Karia CA. Kalpesh

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 Extension of due date of furnishing Read more […]