ITR Filing procedure Can ITR be filled manually for assessment year 2018-19? Where return is furnished in ITR Form-1 (Sahaj) or ITR-4 (Sugam), the following persons have an option to file return in paper form:- an Individual of the age [Read More]
Modus operandi of 26AS What is form 26AS? A taxpayer may pay tax in any of the following forms: Tax Deducted at Source (TDS) Tax Collected at Source (TCS) Advance tax or Self-assessment Tax or Payment of tax on regular [Read More]
INCOME TAX RETURN FORMS Introduction The latest ITR-1 form, largely used by the salaried class of taxpayers, has been activated on the official e-filing portal of the Income Tax Department. The single Income Tax Return (ITR) form, notified by the [Read More]
Download PDF Version of TDS Rate Chart for A.Y. 2019-2020
Due dates for the Month of May 2018 7th Income Tax – TDS Payment for April 10th GST – Details of outward supplies of taxable goods and/or services effected – GST1 for April – Return for authorities deducting tax at [Read More]
Reduction of corporate income tax rate to 25% Tax Rate for Companies E.1 Domestic Company The rates of income-tax in the case of companies have been specified in Paragraph E of Part III of the First Schedule to the Bill. [Read More]
Provisions in finance bill 2018 as to provident fund (Part 1 of chapter VIII): AMENDMENTS TO THE GOVERNMENT SAVINGS BANKS ACT, 1873 Clause111. The provisions of this Part shall come into force on such date as the Central Government may, [Read More]
Due dates for the Month of April 2018 10th GST – Details of outward supplies of taxable goods and/or services effected – GST1 for March – Return for authorities deducting tax at source – GSTR 7 for March – Details [Read More]
Due dates for the Month of March 2018 7th Income Tax – TDS Payment for February 10th GST – Details of outward supplies of taxable goods and/or services effected – GST1 for February – Return for authorities deducting tax at [Read More]
Under the existing regime, long term capital gains arising from transfer of long term capital assets, being equity shares of a company or an unit of equity oriented fund or an unit of business trusts , is exempt from income-tax [Read More]