Income Tax

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)

Income Tax /

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 »

What is Advance Tax in Income Tax ? What is the due date Advance Tax?

Accounting, Finance, Income Tax /

What is Advance Tax ? Advance tax means income tax should be paid in advance instead of lump sum payment at year end. It is also known as pay as you earn tax. These payments have to be made in instalments as per due dates provided by the income tax department. Who should pay Advance Tax? If

What is Advance Tax in Income Tax ? What is the due date Advance Tax? Read More »