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CBDT clarification filing of ITR forms
CBDT clarification on ITR forms to be filed in AY 2019-20 via a circular Clarifications in respect of filling-up of return forms for the Assessment Year 2019-20. Circular no. 26 of 2019 dated 26-09-2019.clarification filing of ITR forms are very important but sad that they
Extension of tax audit date: CBDT Tweet
Extension of tax audit date for FY 2018-19 When the level of stress was already over. A tweet came up to relax all consultants community. Extension of tax audit date alongwith relevant returns by CBDT. Many rumours about Extension of tax audit date were there in
Sabka Vishwas (Legacy Dispute Resolution) Scheme Rules, 2019
The government has issued the Sabka Vishwas (Legacy Dispute Resolution) Scheme Rules, 2019 on 21st August 2019 via Notification No. 05/2019 Central Excise-NT. 1. Short title and commencement.- (1) These rules may be called the Sabka Vishwas (Legacy Disput Resolution) Scheme Rules, 2019. (2) They shall come
GST ComplianceDownload IT & GST Ready Reckoner PDF
We have prepared the IT & GST Ready Reckoner, in which all the basic concepts of Income Tax and GST will be covered. IT & GST Ready Reckoner is created to make the work easy for professionals. Following are the topics covered in the IT & GST Ready
8 Common mistakes in ITR often made by Taxpayers
8 Common mistakes in ITR The deadline to file income tax return (ITR) has been extended to August 31, 2019. However, while filing your tax return, you should do it with utmost care. If you make a mistake, you could end up with a tax
SUKUMAR MADHAV KULKARNI
Income Tax ComplianceCBDT extends ITR due date to 31st August 2019
CBDT extends ITR due date The due date for filing of Income Tax Returns for Assessment Year 2019-20 is 31.07.2019 for certain categories of taxpayers. Upon consideration of the matter, the Central Board of Direct Taxes(CBDT) extends the ‘due date’ for filing of Income Tax
SUKUMAR MADHAV KULKARNIChanges In TDS Provisions in Finance Bill 2019
TDS provisions: Section 194N (new section): TDS on Cash Withdrawal exceeding Rs 1 crore from banks or cooperative bank or post office (Applicable w.e.f. 01/09/2019) With a view to encourage the cashless economy, it is proposed to insert a
SUKUMAR MADHAV KULKARNINew format for form 16 by the employer
Download Full Pdf of New format for form 16 by the employer by clicking the image below G.S.R. 304(E).— In exercise of powers conferred by sections 200 and 203 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of
Vision to Double Agricultural Exports
“Modi”-Nomics : Vision to Double Agricultural Exports, Agriculture Export Policy, 2018 The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the Agriculture Export Policy, 2018. The Cabinet has also approved the proposal for establishment of Monitoring Framework at Centre with Commerce as the
S N PanigrahiKnowing the Taxability of Accommodation Benefits and Perks under Income Tax
Knowing the Taxability of Accommodation Benefits and Perks under Income Tax: Knowing the Taxability of Accommodation Benefits and Perks under Income Tax Jyoti Jain The accommodation may be a rental property or personal residence or company aided accommodation i.e. property on lease taken by employer,
Tax Slabs and Deductions
Tax Slabs and Deductions In this article we have discussed the various Tax Slabs and Deductions under Income Tax Act while calculating the taxable income for the assessment. Tax slabs for Individuals for FY 18-19 (AY19-20) Particulars Tax rate for Individuals below the age of 60
No income tax upto 5lac: How it will work?
No income tax upto 5lac: How it will work? “NO INCOME TAX UPTO Rs. 5L” IS NOT STRAIGHT FORWARD APPLICABLE TO ALL INDIVIDUALS AS THERE IS NO CHANGE IN SLAB RATES, ONLY SECTION 87A AMENDED: – Finance Minister while presenting the Interim Budget 2019-20 said