Month: March 2020

ITR NEW FORMS

Deduction In Income Tax

Deduction in Respect of Certain Payments Deduction in Income Tax in respect of certain payments made are allowed from 80C to 80GGC.Here we will discuss about 80C deduction. Sectors in which you can invest and get Tax benefit. First of all we will see that which assessee can get deduction  The deduction is allowed only […]

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income tax work

INCOME TAX WORK TO BE DONE BEFORE 31.03.2020

Important Points for Taxpayer to do  before 31st March 2020 – Income Tax As we are all aware that the Financial year 19-20 is coming to end. 31st March 2020 is the last date for the Financial Year.  So all the taxpayers has to complete their financial obligation on or before 31.03.2020 . Some of […]

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gst changes

Outcome of 39th GST Council Meeting

OUTCOME OF 39TH GST COUNCIL MEETING The 39th GST Council Meeting was held on 14th March 2020 in New Delhi where in key decisions were taken. Key Outcomes of 39th GST Council Meeting are as follows  Interest for delay in payment of GST to be charged on the net cash tax liability w.e.f. 01.07.2017 (Law […]

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yes bank withdarwal limit

Govt Caps Withdrawal from Yes Bank

Reserve Bank of India (RBI) has requested depositors of Yes Bank not to panic after the government capped withdrawals from the struggling lender at Rs 50,000. In a move reminiscent of the PMC Bank crisis, except on a bigger scale, the government said depositors will not be allowed to withdraw more than Rs 50,000 effective […]

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