Following deductions are available to a taxpayer opting for the New Tax Regime u/s 115BAC: 1. Section 24(b) – Deduction from Income Rental Income for …
Deductions available under New Tax Regime of Income Tax Read More It has been observed that in some cases, multiple PANs (more than one) has been allotted to an individual by the income tax department. It …
Affidavit for Pan Deletion in case of Double PAN allotted Read More It is mandatory for every taxpayer to communicate the details of his income to the Income tax Department. These details are to be furnished in …
DIRRERENT RETURNS (ITRs) UNDER INCOME TAX, WHICH SECTION TO BE SELECTED FOR INCOME TAX RETURN Read More ITR-U [UPDATED RETURN] NEW UPDATE 1 ITR-U can’t be filed if Total Income is less than or equal to Rs. 2,50,000. (ITR-U फाइल नहीं किया …
ITR-U (UPDATED RETURN) LASTEST UPDATE 24-08-2022 Read More NOTIFICATION NO. 37 OF CBDT DATED 21-04-2022 From Assessment Year 2022-23 : (21 April 2022 से लागू) ITR फाइल करना जरूरी है अगर आपका पिछले …
MANDATORY FILING OF ITR FROM AY 2022-23 EVEN IF GTI IS BELOW RS. 2,50,000 Read More SECTION – 234F : Fees for default in furnishing return of income— (1) Without prejudice to the provisions of this Act, where a person required …
Late fee under Section 234F, ITR Late fee for AY 2021-22, Late fee in Income Tax Return filing Read More Click here to Download Press Release : Press Release Dated 09-09-2021 Summary of Extended Due Dates Extended Due Dates of ITR for AY 2021-22 i.e. …
Extended due dates of Income Tax Returns (ITR) and Tax Audit Report for AY 2021-22 Read More TAX ON PRESUMPTIVE BASIS IN CASE OF SMALL TAXPAYERS ENGAGED IN BUSINESS OF PLYING, HIRING OR LEASING OF GOODS CARRIAGES To give relief to small …
PRESUMTIVE TAXATION UNDER SECTION-44AE, SEC- 44AE OF INCOME TAX ACT Read More TAX ON PRESUMPTIVE BASIS IN CASE OF SMALL TAXPAYERS ENGAGED IN SPECIFIED PROFESSION To give relief to small taxpayers from the tedious job of maintenance …
PRESUMTIVE TAXATION UNDER SECTION-44ADA, SEC- 44ADA OF INCOME TAX ACT Read More Taxability of Income from Lottery winning, Crossword Puzzles, TV Game Shows & Horse Racing The income that a person earns through lotteries such as (Lottery …
Taxability of Income from Lottery winning, Crossword Puzzles, TV Game Shows & Horse Racing ; TDS under section 194B & 194BB Read More