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Extension of date for filing of Income Tax Returns and Audit Reports from 30th September, 2018 to 15th October, 2018

Ministry of Finance Extension of date for filing of Income Tax Returns and Audit Reports from 30th September, 2018 to 15th October, 2018 24 SEP 2018 The due date for filing of Income Tax Returns and Audit Reports for Assessment Year 2018-19 is 30th September, 2018 for certain categories of taxpayers. Upon consideration of representations […]

Extension of date for filing of Income Tax Returns for taxpayers in Kerala

Ministry of Finance Extension of date for filing of Income Tax Returns for taxpayers in Kerala In view of the disruption caused due to severe floods in Kerala, the Central Board of Direct Taxes (CBDT) hereby further extends the “Due Date” for furnishing Income Tax Returns from 31st August, 2018 to 15th September, 2018 for […]

Income Tax Relaxation on NPS Maturity Value

Income Tax Relaxation on NPS Maturity Value LOK SABHA UNSTARRED QUESTION No. 3975 TO BE ANSWERED ON FRIDAY, THE 10TH AUGUST, 2018 SHRI KONAKALLA NARAYANA RAO: (a) whether the Government is contemplating to give tax rebate on the maturity value of the amount deposited under National Pension Scheme (NPS) like Public Provident Fund and if […]

Rates of Income-Tax for the financial year 2017-18

RATES OF INCOME-TAX AS PER FINANCE ACT, 2017: As per the Finance Act, 2017, income-tax is required to be deducted under Section 192 of the Act from income chargeable under the head “Salaries” for the financial year 2017-18 (i.e. Assessment Year 2018-19) at the following rates: 2.1 Rates of tax A. Normal Rates of tax: […]

Calculation of Income tax an Employee Below 60 Age A.Y.2018-19

Calculation of Income tax an Employee Below 60 Age A.Y.2018-19 ANNEXURE-I SOME ILLUSTRATIONS Example 1 For Assessment Year 2018-19 (A) Calculation of Income tax in the case of an employee(Male or Female) below the age of sixty years and having gross salary income of: i) Rs.2,50,000/- , ii) Rs.5,00,000/- , iii) Rs.10,00,000/- iv) Rs.55,00,000/-. and […]

Extension of Due Date for filing of Income Tax Returns

Ministry of Finance Extension of Due Date for filing of Income Tax Returns Posted On: 26 JUL 2018 6:16PM by PIB Delhi The due date for filing of Income Tax Returns for Assessment Year 2018-19 is 31.07.2018 for certain categories of taxpayers. Upon consideration of the matter, the Central Board of Direct Taxes(CBDT) extends the […]

CBDT: No Due Date Extension for filing Income Tax

CBDT – extension in due date for non-tax audit cases is fake and there are no such plans to extend this deadline beyond 31st July, 2018 CIRCULAR No.4/2018 F.No.370889/25/2018 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, Dated 21st July, 2018 This Circular is issued in pursuant […]

Linking of PAN with Aadhaar while filing of ITRs – CBDT Circular

Linking of PAN with Aadhaar while filing of ITRs – CBDT Circular CBDT’s order regarding linking of PAN with Aadhaar while filing of ITRs F.No.225/270/2017/lTA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, ITA II Division, New Delhi, dated the 30th of June, 2018 Order under Section 119 of […]

Long Pending issues & ongoing agitation – Income Tax Employees and Officers Associations

Long Pending issues & ongoing agitation – Income Tax Employees and Officers Associations No. 2/2018-19 Dated, 9th July, 2018 To The Presidents/General Secretaries of all the Units/Circles of ITGOA and ITEF Dear Comrades, Sub : Long Pending issues & ongoing agitation – regarding As decided earlier by the Central JCA to embark upon the path […]

Filling of Returns by every Government Servant – Income Tax

Filling of Returns by every Government Servant – Income Tax Government Servant भारत सरकार /Government of India आयकर विभाग/Income Tax Department आयकर आयुक्त चेन्नै-3 का कार्यालय, चेन्नै Office of the Pr. Commissioner of Income Tax-3, Chennai कमरा सं.410, चौथातल, आयकर भवन, 121, महात्मागांधी रोड, चेन्नै-34. 4th Floor, Main Building, 121, Mahathma Gandhi Road, Chennai-34. P.N.DEVADASAN, […]