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Income Tax Returns

Income tax return filing deadline extended to August 31

Income tax return filing deadline extended to August 31 The due date for filing of Income Tax Returns for Assessment Year 2018-19 is 31.07.2018 for...

Deduction U/S 16 of the Act from the Income from Salaries

DEDUCTIONS U/S 16 OF THE ACT FROM THE INCOME FROM SALARIES Entertainment Allowance : A deduction is also allowed under section 16(ii) in respect of any...

No plans to extend deadline for filing the Income Tax beyond 31st July, 2018 for non-tax audit – CBDT

No plans to extend deadline for filing the Income Tax beyond 31st July, 2018 for non-tax audit - CBDT CIRCULAR No.4/2018 F.No.370889/25/2018 Government of India Ministry of Finance Department...

Rs. 40,000 Standard Tax Deduction On Transport, Medical Expenses

Relief to salaried taxpayers: standard deduction of Rs 40,000 allowed in lieu of present exemptions 2.5 Crores salaried employees and pensioners to benefit Differently-Abled will...

Relief to Senior Citizens: Exemption of Interest Income on deposits increased to Rs 50,000

Relief to Senior Citizens: Exemption of Interest Income on deposits increased to Rs 50,000 Pradhan Mantri Vaya Vandana Yojana extended up to March 2020 Existed limit...

Tax on Deposits of Retired Persons

Tax on Deposits of Retired Persons GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION No. 3023 TO BE ANSWERED ON FRIDAY, THE 5TH JANUARY, 2018 15,PAUSHA,...

Extension of date for filing of Income Tax Returns extended for five days up to 5th August, 2017

Extension of date for filing of Income Tax Returns extended for five days up to 5th August, 2017 There are some complaints that the taxpayers...

Swachh Bharat Cess will come into effect from 15th November 2015 – Clarification

Clarifications on Swachh Bharat Cess Swachh Bharat Cess will come into effect from 15th November 2015, at the rate of 0.5% on all services, which...

E-Filing IT Returns for AY 2015 – Due date extended till 7th Sep 2015

The Government has received various representations that tax payers have faced difficulties in E-filing of returns across the country due to slowing down of...

Special counters for Government Salary / Bank Employees / Pensioners to file IT Returns in New Delhi

Special it Return Counters to be Organised for Salaried Tax Payers (Including Pensioners) to File Paper Returns Between 24th August to 31st August, 2015...

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