Income Tax

Changes in Income tax return (ITR) for FY 2019-20 (AY 2020-21)

key changes notified in the Income Tax Returns (ITR) for the FY 2019-2020 (AY 2020-21) : 1. House ownership: Individual taxpayers who are joint owners of house property cannot file ITR 1 or ITR4. 2. Passport: One needs to disclose the Passport number if held by the taxpayer. This is to be furnished both in …

Changes in Income tax return (ITR) for FY 2019-20 (AY 2020-21) Read More »

भारत सरकार द्वारा कोरोना के मद्देनजर टैक्स स्लैब में कोई बदलाव किया गया हैं or TDS/TCS बदलाव पर मुझे जो सैलरी मिलती हैं अब उस पर मेरा TDS कम कटेगा। मुझे ज्यादा राशि मिल सकेगी।

श्री कृष्ण – अर्जुन संवाद TDS/TCS बदलाव पर। अर्जुन: श्री कृष्ण जी को मेरा प्रणाम।कृष्ण: तथास्तु। अर्जुन: भगवन , भारत सरकार द्वारा कोरोना के मद्देनजर टैक्स स्लैब में कोई बदलाव किया गया हैं क्या? कृपा मुझे बताने का कष्ट करें। कृष्ण: अर्जुन, भारत सरकार द्वारा अभी कोई बदलाव नहीं किया गया हैं। लेकिन TDS/TCS के …

भारत सरकार द्वारा कोरोना के मद्देनजर टैक्स स्लैब में कोई बदलाव किया गया हैं or TDS/TCS बदलाव पर मुझे जो सैलरी मिलती हैं अब उस पर मेरा TDS कम कटेगा। मुझे ज्यादा राशि मिल सकेगी। Read More »

What is TDS Section 194N Under Income Tax Act? Why is TDS Section 194N introduced? Rate of TDS under Section 194N? What is the main point of TDS under Section 194N? Who will deduct TDS under Section 194N? Can I claim the credit of TDS deducted u/s 194 N?

What is TDS Section 194N Under Income Tax Act? TDS Section 194N is applicable if cash withdrawals of more than Rs 1 crore during a financial year. This section applied to all the sum of money or an aggregate of sums withdrawn from a in a financial year. The section will apply to withdrawals made …

What is TDS Section 194N Under Income Tax Act? Why is TDS Section 194N introduced? Rate of TDS under Section 194N? What is the main point of TDS under Section 194N? Who will deduct TDS under Section 194N? Can I claim the credit of TDS deducted u/s 194 N? Read More »

What is the extended due date on Income tax return efiling and tax audit filling for FY 2018-19 and AY 2019-20 ? (Income tax department already issued the circular no. F.N 225/157/2019/ITA.II on dated 27th September, 2019 under section 119 of the Income tax act 1961)

CBDT extends the due date for filing Income Tax Returns and audit reports from 30th September 2019 to 31st October 2019. The due date on Income tax return and tax audit report for fy 2018-19 and ay 2019-20 extended from 30th September, 2019 to 31st October, 2020 for assessees cover under clause(a) of explanation 2 …

What is the extended due date on Income tax return efiling and tax audit filling for FY 2018-19 and AY 2019-20 ? (Income tax department already issued the circular no. F.N 225/157/2019/ITA.II on dated 27th September, 2019 under section 119 of the Income tax act 1961) Read More »