E-CAMPAIGN FOR VOLUNTARY COMPLIANCE TO BE LAUNCHED BY CBDT FROM 20.07.2020 Income Tax Department will launch a special e campaign from 20.07.2020 for voluntary compliance for FY 2018-19. This campaign will end on 31.07.2020 and will focus on the taxpayers who are either non filers or have deficiency in their Income Tax Returns for FY […]
Big relief for AY 15-16 to AY 19-20 CBDT has announced One-Time relaxation for verification of Income Tax Returns for last five assessment year from AY 15-16 to AY 19-20. Relief is being given to them who have FILED their return, but haven’t verified it. Now Verification can be done through:- Aadhar otp, By logging […]
NEW INCOME TAX FORM FOR AY 20-21 HAS BEEN NOTIFIED BY INCOME TAX DEPARTMENT Read Also : BIG CHANGES IN GST
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 […]
ITR/TAR DUE DATE EXTENDED The due date for filing of Income Tax returns and Tax Audit Reports is extended till 31.01.2020. The extension is in respect of all the categories of income tax assesses in the Union Territory of Jammu and Kashmir and Union Territory of Ladakh. The assesses in the said Union Territories who […]