Ministry of Finance Clarifications on filing of Annual Return (FORM GSTR-9) 04 JUN 2019 The last date for filing of Annual return in FORM GSTR-9 is 30th June 2019. The trade and industry have raised certain queries with respect to filing of this Annual return which are being clarified as … [Read more...] about Clarifications on filing of Annual Return (FORM GSTR-9)
Income Tax
Income Tax department revises the Form 16 TDS certificate format issued by employers
Income Tax department revises the (Form 16) TDS certificate format issued by employers The Income Tax department has revised Form 16 by adding various details, including income from house property and remuneration received from other employers, thereby making it more comprehensive to help check … [Read more...] about Income Tax department revises the Form 16 TDS certificate format issued by employers
Income upto Rs 5 Lakh to get full tax rebate; higher standard deduction proposed – PIB
Ministry of Finance Income upto Rs 5 Lakh to get full tax rebate; higher standard deduction proposedRelief of over Rs 23,000 crore to estimated 3 Crore small and middle class tax-payersTDS threshhold on interests on small savings raisedBoost to housing and real estate sector FM announces a … [Read more...] about Income upto Rs 5 Lakh to get full tax rebate; higher standard deduction proposed – PIB
Budget 2019 : Income Tax exemption limit raised to Rs. 5 lakh
Budget 2019 : Income Tax exemption limit raised to Rs. 5 lakh Finance Minister Piyush goyal has proposed that individuals with income upto Rs 5 lakh will not have to pay any income tax for FY2019-20. In the previous budgets also, the Narendra Modi led-government provided tax relief to … [Read more...] about Budget 2019 : Income Tax exemption limit raised to Rs. 5 lakh
CBDT: Non-filers to assess their tax liability for AY 2018-19 and file the Income Tax Returns (ITR) or submit online response within 21 days
Ministry of Finance CBDT identifies non-filers through Non-filers Monitoring System (NMS) by using Data Analytics and request the Non-filers to assess their tax liability for AY 2018-19 and file the Income Tax Returns (ITR) or submit online response within 21 days 22 JAN 2019 The … [Read more...] about CBDT: Non-filers to assess their tax liability for AY 2018-19 and file the Income Tax Returns (ITR) or submit online response within 21 days