ITR-1 form for A.Y. 2020-21 released for e-filing by Income Tax Department. What is Income Tax Filing Process? Income Tax Filing is the process of declaring your taxable income, deductions and tax payments for the applicable financial year. What is the due date for ITR…
ITR-1 & ITR 4 forms for A.Y. 2020-21 released for e-filing by Income Tax Department. Who are eligible to file ITR-4? An Individual, HUF or Firm (other than LLP) who is ordinarily resident in India Income from salary/pension (for ordinarily resident person). Income from one…
Central Board of Direct Taxes has issued Notification No. 31/2020 dated 29th May, 2020 which may be called as Income tax (12th Amendment) Rules, 2020. Certain changes have been made in Rule 12 of the Income Tax Rule, 1962 Forms substituted ―Sahaj (ITR-1), Form ITR-2,…
Snapshot of Slogan for Filing at Homepage of E-Filing Website - New Year Filled with New Blessings Snapshot of News and Updates for Filing at Homepage of E-Filing Website Snapshot at Income Tax Return Tab - Availability of ITR Also Read Similar post on…
अर्जुन: हे माधव, प्रणाम! मेरी एक समस्या का निवारण कीजिए। कृष्ण: कहिए अर्जुन! बताइए क्या समस्या हैं? अर्जुन: माधव, मुझे यह बताए कि GST कानून के तहत एक टैक्सपेयर कितने रुपए का नकद में लेन-देन कर सकता हैं? कृष्ण: वत्स! GST कानून में नकद लेन-देन…
Income Tax Returns Forms 1 to 7 for A/Y 2020-21 Notified. 6 key changes in ITR forms for the AY 2020-2021: 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…
Under The Finance Act 2020, i.e. in Budget 2020 it has been announced that New Section 285BB will be incorporated in the Income Tax Act so as to facilitate more information in Form 26AS pursuant to this previous section 203AA shall be omitted/deleted from the…
Income-tax (10th Amendment) Rules, 2020 Notification No. 29/2020/ has been issued on 27th May, 2020 which inter-alia contains provisions and procedure as mentioned below; Remuneration to be paid by Fund to Funds Manager Definition of assets under management Management fee Specified hurdle rate FORM No.…