Income Tax Return Filing Due Date Extended to 30 November 2020 for AY 2020-21 The due date of all Income Tax Returns for Assessment Year 2020-21 will be extended to 30 November, 2020. Similarly, tax audit due date will be extended to 31 October 2020 Finance Minister announce measures for relief … [Read more...] about Income Tax Return Filing Due Date Extended to 30 November 2020 for AY 2020-21
Income Tax
Govt Reduced TDS and TCS Rates by 25% for the period from 14 May 2020 to 31 March 2021
Govt Reduced TDS and TCS Rates by 25% for the period from 14 May 2020 to 31 March 2021 Press Information Bureau Government of India Ministry of Finance Reduction in rate of Tax Deduction at Source (TDS) & Tax Collection at Source (TCS) 13 MAY 2020 In order to provide more funds at the … [Read more...] about Govt Reduced TDS and TCS Rates by 25% for the period from 14 May 2020 to 31 March 2021
PM Cares Fund Donation – Submission of Certificate for Claiming Deduction under section 80G Act of Form 16 – CBDT Order
PM Cares Fund Donation - Submission of Certificate for Claiming Deduction under section 80G Act of Form 16 – CBDT Order The Department of Revenue has issue an order that the contributions made to the Fund are in the form of a consolidated payment. The deduction in respect of such donations as … [Read more...] about PM Cares Fund Donation – Submission of Certificate for Claiming Deduction under section 80G Act of Form 16 – CBDT Order
Budget 2020 Highlights Income Tax
Budget 2020 Highlights Income Tax New Personal Income Tax Regime heralds significant relief, especially for Middle Class Taxpayers New tax regime to be optional for the taxpayers New rates entail estimated revenue forgone of Rs 40,000 Crore per year In order to provide significant relief to the … [Read more...] about Budget 2020 Highlights Income Tax
Income Tax Department List of Benefits Available to Salaried Persons
Income Tax Department List of Benefits Available to Salaried Persons Income Tax on Salaries List of benefits available to Salaried Persons AY 2020-2021 Allowances Section Particulars Benefits 10(13A) House Rent Allowance (Sec. 10(13A) & Rule 2A) Least of the following is … [Read more...] about Income Tax Department List of Benefits Available to Salaried Persons