No extension of due date for Income Tax Return 2017-18
No extension of due date for Income Tax Return 2017-18 (Assessment Year 2018-19) – CBDT Circular confirms that news on extension of due date for filing Income Tax Return is a rumour
Deduction of TDS in respect of Senior Citizens who have Invested in SCSS
Deduction of Tax Deducted at Source (TDS) in respect of Senior Citizens who have Invested In Sr.Citizen Savings Scheme (SCSS)
Linking Of PAN With Aadhaar While Filing Of ITRs – CBDT’s Order
CBDT’s order regarding linking of PAN with Aadhaar while filing of ITRs – Order under Section 119 of the Income-tax Act, 1961
Income Tax Department releases all seven ITR forms for e-filing
The Income Tax Department today launched and activated all the seven ITR forms for e-filing by taxpayers, after more than a month of them being notified.
Income Tax: Get tax exemption of Rs 10,000 on savings bank account interest income
Q1. I have salary income, interest from saving bank account and dividends from equity funds. For interest from bank accounts, do I have to submit proof to claim deduction under Section 80TTA? Do I need to include dividends as part of other income? You need to include interest from saving bank account under income from…
Income Tax 2018-19 – Rates, Exemption, Deduction, TDS, and Advance Tax
Income Tax 2018-19 – Income Tax Rates, Relief, Exempted Income, Deduction, TDS & Advance Tax: INCOME TAX AY 2019-20 [FY 2018-19]
Income Tax – List of benefits available to Salaried Persons for Assessment Year 2018-19
List of benefits available to Salaried Persons for the Assessment year – Financial Year 2017-18 – Particulars of Income Tax benefits listed below
How to fill the new details required in ITR-1
The tax department has uploaded the new income tax return (ITR) Form1 or Sahaj for the financial year 2017-18 on its e-filing website. This is the form that is used by most of the salaried class to file their ITRs.
Tax benefits on education loan and fees; here’s all you need to know
A person can avail tax benefit in respect of interest paid for a loan taken for the purpose of higher education of certain relatives under Section 80E.
New Income Tax Return (ITR) Forms Released, Tax Slabs For FY 2017-18
The income tax department recently notified income tax return (ITR) forms for the financial year 2017-18 (assessment year 2018-19). A one-page simplified ITR Form-1 (Sahaj) has been notified.
Income Tax Standard Deduction of Rs. 40,000 applicable to Pensioners – Clarification
Income Tax Standard Deduction of Rs. 40,000 applicable to Pensioners – Clarification regarding applicability of standard deduction of Rs.40,000 to pension received from the former employer – Ministry of Finance
How section 80G can help you save income tax
Section 80G of the income tax Act allows donations made to prescribed funds and institutions as a deduction from gross total income before arriving at taxable income.