Income Tax… Income Tax Changes w.e.f 01.04.2020 2 Apr 20206 May 2020 1.Rates There have been no change in Tax, Surcharge and Cess Rates. However a new Section 115BAC has been introduced w.e.f. 01/04/2020 whereby an individual and HUF can opt to…
Income Tax Income Tax New Rates 22 Sep 201922 Sep 2019 Tax Liability under different Structures for A.Y 2020-21CompanyBelow 1 Cr *22.88%*Between 1-10 Cr *24.48%*More than 10 Cr *25.62%*Firms and LLPBelow 1 Cr *31.20%*More than 1 Cr *34.94%*Proprietorship or IndividualBetween 50…
Income Tax 1 सितंबर से बैंक से नगदी निकलने पर २% टीडीएस 30 Aug 201930 Aug 2019 बैंक से रोकड़ आहरण पर टीडीएस के प्रावधान के संबंध में वित्त मंत्रालय द्वारा जारी प्रेस विज्ञप्ति के अनुसार रोकड़ निकासी की सीमा जो एक करोड़ है उसकी गणना करते…
Uncategorized Cash Withdrawal w.e.f 1st September,2019 subject to TDS@2% 30 Aug 201930 Aug 2019 Cash withdrawal prior to 1st Sep, 2019 will not be subjected toTDS u/s194N. However, since threshold of Rs.1crore is wrt the previous year, calculation of amount of cash withdrawal for…
News New CBDT boss asks I-T department to maximise revenue collection, get more taxpayers 1 Mar 20191 Mar 2019 The Income Tax Department should pull up its socks to "maximise" revenue collection and enlarge the basket of tax-paying people in the country, the newly appointed chief of the CBDT…
Income Tax No disallowance of foreign travel exp. just because trustees visited abroad for business purpose on tourist visa 28 Feb 2019 IT : Where one of trustees had gone abroad for promoting business of assessee-trust, mere fact that he went on a tourist visa could not be a ground to conclude…
