Category: INCOME TAX RETURNS

TDS RATE FROM 14.05.20

TDS Rate from 14.05.20

TDS new rates from 14.05.2020. In order to provide more funds at the disposal of the taxpayers for dealing with the economic situation arising out of COVID-19 pandemic, the rates of Tax Deduction at Source (TDS) for the following non-salaried specified payments made to residents has been reduced by 25% for the period from 14th […]

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ITR NEW FORMS

New TDS Rate from 14.05.20

NEW TDS RATES FROM 14.05.2020   CBDT reduced the rate of TDS and TCS from 14.05.2020 to 31.03.2021. Full list of new rates of TDS are enclosed herewith. TDS on the amount paid or credited during the period from 14.05.2020 to 31.03.2021 shall be deducted at the reduced rates as mentioned. Read Also : GST […]

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GST AND IT REFUND

Govt to issue IT and GST Refund

GST AND INCOME TAX REFUND In the context of the COVID-19 situation and with a view to provide immediate relief to the business entities and individuals, it has been decided to issue all the pending income-tax refunds up to Rs. 5 lakh, immediately. This would benefit around 14 lakh taxpayers. It has also been decided […]

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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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